RIPPLE NEWS

Lawyer Jeremy Hogan commented on the use of XRPL for Columbia’s land registry.

Lawyer Jeremy Hogan commented on the use of XRPL for Columbia’s land registry on Twitter. He wrote:

«XRPL to be used for Columbia’s land registry». Sounds boring but it’s actually HUGE. #alltheland Ponder how the transfer of land is accomplished. The purchaser/buyer must be noted, what title is being transferred, and the actual property being conveyed must be described.

He also added:

And ALL that information must be filed with and kept in some searchable manner by the local Govt. If you’ve ever been to the Clerk’s office – it’s complicated as heck! And the consequences for even small errors are catastrophic and can lead to YEARS of litigation.

To make things even more difficult, governments make laws that limit/restrict transfer of land and also impose taxes on property – making 1000% accurate registration all the more important. ** If you want to make a lawyer cringe, just say «Rule against perpetuities» to them. :)

So, although boring, the XRPL/Columbia partnership is the perfect example of crypto UTILITY. An immutable (I love this word for some reason) record of land registration, timestamped, searchable, and inherently trustworthy – it’s the perfect use case for a blockchain ledger.

And since I never ever EVER want to litigate a Quiet Title lawsuit ever again, I personally want to thank Columbia (and therefore of course Shakira also), and @JoelKatz for making this happen.