Overstock's Medici Land Governance (MLG) signs agreement with Zambian government to reform land ownership

According to Cointelegraph, Zambia has teamed up with US retail giantsOverstockA subsidiary of the Blockchain Land Registry has signed a memorandum of understanding (MoU). The company is in7月31It was revealed at a press conference in Japan.

According to the agreement,Overstock的MediciLand governance (MLG) It will work with the Zambian Government to reform land ownership, allow rural landowners to legalize land, and enter the financial sector.

“Without formal ownership, it is difficult for individuals to obtain credit and public services, and the government's ability to collect taxes, enforce property rights, and plan economic expansion and innovation is limited.”The release explains,

“Using blockchain and other technologies,MediciLand governance (MLG）[...]A system will be created to collect and easily protect property ownership information.”

I'm talking aboutMediciWhen the risk is, the CEO of that subsidiaryAli El HusseiniPhD says its partnership with Zambia“Very important”。

“[symbiosis]It is possible to become a real, sustainable game-changer, reduce poverty on a large scale and support economic development,” HusseiniThe doctor said.

Blockchain land projects have been underway around the world in recent years, and the technology provides a promising solution to fragmented paper records and unverifiable claims.

This week, the world's fourth largest asset bank - Agricultural Bank of China (Agricultural Bank of China) Confirmed that it has issued land-based blockchain loans.

Despite warnings earlier this yearOverstockThe stock price is struggling and may be volatile in the future, butOverstockA number of developments are still being made in blockchain and crypto-related fields.

OverstockCurrently at itsMediciAmong the blockchain accelerators are14A company,MLGIt is the latest addition.

Author: Wang Jiali

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