Lawyer Jeremy Hogan has applauded Ripple’s XRPL use in growing a land registry resolution for Columbia as a solution to showcase crypto utility.
Following the launch of Columbia’s first nationwide land registry on the XRP Ledger (XRPL), legal professional Jeremy Hogan, a accomplice at Hogan & Hogan legislation agency, has counseled the transfer, saying it goes to painting the utility of cryptocurrencies.
The legal professional, who has been vocal in regards to the ongoing Ripple v. SEC lawsuit, stated utilizing XRPL for Columbia’s land registry may sound boring to many. Nonetheless, the initiative is a “good instance of crypto utility.”
“An immutable (I like this phrase for some motive) document of land registration, timestamped, searchable, and inherently reliable – it’s the right use case for a blockchain ledger,” legal professional Hogan stated.
So, though boring, the XRPL/Columbia partnership is the right instance of crypto UTILITY.
An immutable (I like this phrase for some motive) document of land registration, timestamped, searchable, and inherently reliable – it is the right use case for a blockchain ledger.
— Jeremy Hogan (@attorneyjeremy1) July 3, 2022
Ripple Companions Peersyst Expertise to Launch Columbia’s Nationwide Land Registry
Recall that Ripple, alongside a workforce of blockchain builders from Peersyst Expertise, partnered on an initiative to launch the first-ever XRPL-based nationwide land registry resolution, which can tackle all land registry points in Columbia.
To earn Columbians’ belief and confidence within the service, the nation’s Nationwide Land Company, AgenciaTierras, has disclosed that it will likely be registering over 100,000 adjudications quickly.
Hogan Explains the Significance of the Answer
Lawyer Hogan defined the importance of the newly-launched resolution, detailing the issue in transferring land possession utilizing the normal system.
“Ponder how the switch of land is completed. The purchaser/purchaser should be famous, what title is being transferred, and the precise property being conveyed should be described,” he stated.
Lawyer Hogan, a well-known Ripple fanatic, added that each one data associated to land transfers should be saved in a searchable method by the native authorities, which is a fancy process.
He stated any slight error made in the course of the course of is able to resulting in years of litigation, including:
“To make issues much more troublesome, governments make legal guidelines that restrict/limit the switch of land and likewise impose taxes on property – making 1000% correct registration all of the extra necessary.”
Nonetheless, the recently-launched land registry resolution will tackle all these issues.
