Blockchain technology is extremely powerful, offering huge advantages of cost, transparency and reliability thanks to the immutable nature of decentralised ledgers. However, these benefits often fail to resonate due to the markets targeted and the way in which they are communicated.
Bitland puts the human element back into the decentralisation movement by bringing blockchain technology directly to the people, face to face. The organisation will provide services to allow individuals and groups to survey land and record title deeds on the Bitland blockchain – providing a permanent and auditable record – as well as acting as liaison with the government to help resolve disputes. The project is being piloted with 28 communities in Kumasi, Ghana, with the intention of expanding across the African continent.
Education and infrastructure
Bitland is both informing citizens about blockchain technology and about how the technology can change their lives for the better. Bringing clarity to land ownership rights will not only reduce corruption, but will open up trillions of dollars in locked capital, since land that doesn't have a functional title cannot be used as capital, and securing a mortgage to build or purchase homes is not possible. In low-income countries like Ghana, people are concerned with basic needs and infrastructure such as running water and paved roads. The Bitland team will use blockchain technology to help accelerate infrastructure development by freeing up capital – without the corruption and abuses of power that have plagued such projects in the past.
Bitland cannot rely on existing local infrastructure, since rolling blackouts are the norm. They therefore plan to set up solar-powered Bitland centres that will function as hardware hubs for the Bitland Wireless Network. These hubs will double as education centres for locals to learn about digital solutions and how to get involved in the project.
OpenLedger and ICOO
As the OpenLedger platform is developed further, it will add the capacity for a voting system to be part of the Bitland project – enabling communities to become directly involved in decision-making.
Continues Boesing. Now, the infrastructure of the OpenLedger system will grow to include real estate, commercial property investments, and development of third world countries as part of its future plans.
May 20 will also see the launch of the crowdfunding campaign for a new initiative, ICOO. This innovative new asset will allow holders to benefit from future ICOs, by investing in them and making proxy tokens available to trade before they launch. The fund will purchase assets from supported ICOs and create tokens representing these on OpenLedger in the period before the official release of the project. As with other new projects, a proportion of ICOO assets are reserved for OBITS – a catch-all asset representing all current and future initiatives in the CCEDK network.
Since the Decentralized Conglomerate establishes intra-DC support, 5% of the proceeds from the sale of ICOO will go towards the purchase of Cadastrals. Since the future plans for Bitland are to establish a network of smart contracts that back land, Cadastrals will be seen as a digital token representing land for the portfolio of ICOO. The Cadastral community becomes a pillar of ICOO alongside Digix and DAOHub.
Government Contracts
As Bitland plans to work with governments around the world to register land titles on the OpenLedger blockchain, the ecosystem will represent not just smart contracts, but smart cities. The OpenLedger platform will help bring transparency to nations where corruption has been the main impedance to progress, and further it will allow remittance and investments to flow into underdeveloped areas without big companies taking a large cut. The Bitland project is about more than registering land titles: this is the first step to bringing true democracy and meritocracy to the world.
Ultimately, people will be able to use their mobile devices to register a plot of land with GPS accuracy, file a claim, register a dispute, sell or purchase land. As well as the transparent and immutable nature of the blockchain, OpenLedger allows smart contracts. This removes the need for trust, so that microloans can be issued and government contracts fulfilled on a platform that tracks progress and distributes funds accordingly. After the first phase of the project is complete, the idea is to use Bitland to encourage governments and private organisations to offer smart contracts to give people the chance to invest in development. Organizations such as Kiva already have established methods of issuing microloans, and realise rates of over 90% repayment.
Bitland puts the human element back into the decentralisation movement by bringing blockchain technology directly to the people, face to face. The organisation will provide services to allow individuals and groups to survey land and record title deeds on the Bitland blockchain – providing a permanent and auditable record – as well as acting as liaison with the government to help resolve disputes. The project is being piloted with 28 communities in Kumasi, Ghana, with the intention of expanding across the African continent.
Education and infrastructure
Bitland is both informing citizens about blockchain technology and about how the technology can change their lives for the better. Bringing clarity to land ownership rights will not only reduce corruption, but will open up trillions of dollars in locked capital, since land that doesn't have a functional title cannot be used as capital, and securing a mortgage to build or purchase homes is not possible. In low-income countries like Ghana, people are concerned with basic needs and infrastructure such as running water and paved roads. The Bitland team will use blockchain technology to help accelerate infrastructure development by freeing up capital – without the corruption and abuses of power that have plagued such projects in the past.
Bitland cannot rely on existing local infrastructure, since rolling blackouts are the norm. They therefore plan to set up solar-powered Bitland centres that will function as hardware hubs for the Bitland Wireless Network. These hubs will double as education centres for locals to learn about digital solutions and how to get involved in the project.
OpenLedger and ICOO
As the OpenLedger platform is developed further, it will add the capacity for a voting system to be part of the Bitland project – enabling communities to become directly involved in decision-making.
Continues Boesing. Now, the infrastructure of the OpenLedger system will grow to include real estate, commercial property investments, and development of third world countries as part of its future plans.
May 20 will also see the launch of the crowdfunding campaign for a new initiative, ICOO. This innovative new asset will allow holders to benefit from future ICOs, by investing in them and making proxy tokens available to trade before they launch. The fund will purchase assets from supported ICOs and create tokens representing these on OpenLedger in the period before the official release of the project. As with other new projects, a proportion of ICOO assets are reserved for OBITS – a catch-all asset representing all current and future initiatives in the CCEDK network.
Since the Decentralized Conglomerate establishes intra-DC support, 5% of the proceeds from the sale of ICOO will go towards the purchase of Cadastrals. Since the future plans for Bitland are to establish a network of smart contracts that back land, Cadastrals will be seen as a digital token representing land for the portfolio of ICOO. The Cadastral community becomes a pillar of ICOO alongside Digix and DAOHub.
Government Contracts
As Bitland plans to work with governments around the world to register land titles on the OpenLedger blockchain, the ecosystem will represent not just smart contracts, but smart cities. The OpenLedger platform will help bring transparency to nations where corruption has been the main impedance to progress, and further it will allow remittance and investments to flow into underdeveloped areas without big companies taking a large cut. The Bitland project is about more than registering land titles: this is the first step to bringing true democracy and meritocracy to the world.
Ultimately, people will be able to use their mobile devices to register a plot of land with GPS accuracy, file a claim, register a dispute, sell or purchase land. As well as the transparent and immutable nature of the blockchain, OpenLedger allows smart contracts. This removes the need for trust, so that microloans can be issued and government contracts fulfilled on a platform that tracks progress and distributes funds accordingly. After the first phase of the project is complete, the idea is to use Bitland to encourage governments and private organisations to offer smart contracts to give people the chance to invest in development. Organizations such as Kiva already have established methods of issuing microloans, and realise rates of over 90% repayment.
