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Ripple: Government of Colombia Set to Utilize XRPL Blockchain for Land Registry

Fri, 07/01/2022 - 11:35
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Tomiwabold Olajide
Solution has been implemented for Colombia's National Land Agency
Ripple: Government of Colombia Set to Utilize XRPL Blockchain for Land Registry
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After a year of work, Ripple partner Peersyst Technology, a Barcelona-based software development firm, has announced the launch of Colombia's first National Land Registry on top of the XRPL Blockchain.

The solution has been implemented for Colombia's National Land Agency "AgenciaTierras" and is based on the XRP stamp, which enables digital assets to be registered on XRPL and their authenticity to be verified with a QR-code. The solution hopes to register more than 100,000 adjudications in the short term to guarantee confidence for Colombians.

Apart from utilizing the XRPL blockchain, Peersyst Technology is also a longstanding Ripple partner. Its connection with Ripple is expressly mentioned on its official website. It also spoke of its renewed alliance with fintech company Ripple in a recent tweet: "Excited to renew our alliance for the following year as the trusted blockchain company bringing tech with our partner Ripple."

New XRP Ledger API server release

Ripple CTO Joel Katz has shared the release of Clio 1.0, an XRP Ledger API server that significantly aims to enhance the scalability of access to XRPL data. The released XRP Ledger API server hopes to improve throughput for API requests, reduce memory usage and storage overhead, and allow easier horizontal scaling.

According to Santiment, XRP recently experienced its largest daily number of unique addresses connected to the network in approximately two and a half years. For the first time since February 2020, the number of daily active addresses on XRP exceeded 200,000.

On-chain analytics firm Santiment wrote on June 30: "XRP is holding up better than most altcoins on a Thursday crypto slide day." A couple of days ago, the XRP Network exploded with unique addresses interacting on the network, exceeding 200K for the first time since February 2020. "This is worth watching."

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About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.