LAND LAYBY Listing is a distributed ledger for recording land and conveyance data that can never be altered, corrupted, forged or replicated in error. A block consists of all details about a certain piece of land. Once a block space is exhausted with transactions, a new block is created and they are linked together through cryptography. The result is a linear and chronological order referred to as Blockchain. Each time a block gets completed, a new block is generated. There are a countless number of such blocks in the blockchain. The use of cryptography to secure and chain data in the blocks creates an immutable record that is unchangeable by design. Land LayBy Listing on blockchain will contain up to date information about a particular land asset. This makes LLL an independent verification listing and where appropriate a mirror of what was and is reflected in the Ministry of Land registry hence speeding up the process of decision-making in cases where land is the core component of development.
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Land Ownership, Registry, and Conveyance
Land ownership in the world is a major source of competition affecting social, political,
and economic prospects. In most African societies, it is the most important of the natural
resources, representing the foundation of much of the continent’s economic activity. In
Kenya, the purchase of a plot of land represents the largest financial and legal
transaction of one’s lifetime.
Most land investors encounter the challenge of securing reliable information about the
land they are interested in without having a local presence. This challenge discourages
investors and leads them to consider other options perceived as easier and more
reliable. It is an issue when political upheaval prevents investors from gaining valuable
information from the current land registry system because the government.
Corruption has taken root in the land registry system where land investors face situations of bribery and extortion, reliance on basic services that have been undermined by the misappropriation of land, and confront official indifference when seeking redress from authorities on the take. Understandably, corruption is a human element that extends to the systems.
The issue of dead capital is ubiquitous in the informal sector of developing nations. Hernando de Soto described dead capital as an asset that cannot easily be bought, sold,
valued, or used as an investment. Land that is not listed in any formalized registry
cannot be used formally for economic development and those who own unregistered
land are unaware.
Financial inclusion is a global issue that refers to all initiatives that make formal financial
services available, accessible and affordable to all segments of the population. An
estimated 2 billion people globally, do not have a basic account (World Bank, 2017).
Financial services are not affordable or designed to fit low-income users. Many live a considerable.
Land LayBy Listing Platform
Land will always be valuable, a value great enough that nations have colonized other nations in the name of it and have waged daring wars to claim ownership. Within the confines of borders must reconcile with the massive wealth have and use it to propel economy and empower the rightful owners to make the best use of their land. Respect for the challenges stated, and a simple moral obligation not to offend the credulity of anyone
prepared to accept as plausible and coherent the difficulties of such an extraordinary exploit demand immediate action. Action that will be greatly aided by the LLL wish to employ as a solution through Harambee token (HRBE) generation event.
Pravin Tambe PROJECT MANAGER
Vignesh Iyer BLOCKCHAIN ARCHITECT
Gideon Ng’etich BLOCKCHAIN BUSINESS DEVELOPMENT EXECUTIVE
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