Ripple to use XRPL ledger in Columbia's land registry system

Monday 4 July 2022 14:48 CET | News

US-based payments platform Ripple has partnered with the Colombian government to use the XRP Ledger (XRPL) in the nation’s land registry system.

The firm says Colombia’s land agency can now access the XRPL as well as register digital assets on its ledger and verify their authenticity via a QR code. The solution that has been implemented for AgenciaTierras is based on which allows to register digital assets on XRPL and verify their authenticity with QR code. The solution will register +100,000 adjudications in a short term.

Ripple’s development team recently released a new upgrade that improves the scalability of access to XRPL data. According to RippleX, the Clio upgrade for XRPL will enhance throughput for application programming interface (API), reduce memory storage, lower storage overhead, and enable easier horizontal scaling.

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Keywords: cryptocurrency, distributed ledger technology, blockchain, XRP
Categories: DeFi & Crypto & Web3
Companies: Ripple
Countries: Colombia
This article is part of category

DeFi & Crypto & Web3


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