Attorney Jeremy Hogan: Using Ripple’s Xrpl For Columbia’s Land Registry Is The Perfect Example Of Crypto Utility

Lawyer Jeremy Hogan has applauded Ripple’s XRPL use in growing a land registry resolution for Columbia as a approach to showcase crypto utility.   

Following the launch of Columbia’s first nationwide land registry on the XRP Ledger (XRPL), lawyer Jeremy Hogan, a companion at Hogan & Hogan regulation agency, has counseled the transfer, saying it goes to painting the utility of cryptocurrencies.  

The lawyer, who has been vocal in regards to the ongoing Ripple v. SEC lawsuit, mentioned utilizing XRPL for Columbia’s land registry would possibly sound boring to many. Nonetheless, the initiative is a “good instance of crypto utility.” 

“An immutable (I like this phrase for some cause) report of land registration, timestamped, searchable, and inherently reliable – it’s the right use case for a blockchain ledger,” lawyer Hogan mentioned. 

So, though boring, the XRPL/Columbia partnership is the right instance of crypto UTILITY.

An immutable (I like this phrase for some cause) report 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 Know-how to Launch Columbia’s Nationwide Land Registry

Recall that Ripple, alongside a group of blockchain builders from Peersyst Know-how, partnered on an initiative to launch the first-ever XRPL-based nationwide land registry resolution, which is able to handle 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 is going to be registering over 100,000 adjudications quickly. 

Hogan Explains the Significance of the Resolution

Lawyer Hogan defined the importance of the newly-launched resolution, detailing the problem 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 mentioned. 

Lawyer Hogan, a well-known Ripple fanatic, added that each one info associated to land transfers should be saved in a searchable method by the native authorities, which is a fancy process. 

He mentioned any slight error made through the course of is able to resulting in years of litigation, including: 

“To make issues much more tough, governments make legal guidelines that restrict/prohibit the switch of land and likewise impose taxes on property – making 1000% correct registration all of the extra necessary.” 

Nevertheless, the recently-launched land registry resolution will handle all these issues. 

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