News Wyoming County To Put Land Records On Blockchain

Wyoming County To Put Land Records On Blockchain


- Advertisment -

December 21, 2018 9:32 PM

With help from an subsidiary, Wyoming is again “blazing blockchain trails.”

Administrators from Teton County in Wyoming have signed a memorandum of understanding (MOU) with subsidiary Medici Land Governance (MLG) to develop a blockchain platform to “track, record, and make available to the public certain information related to real property for management purposes,” according to a December 20 press release from Overstock.

Overstock states that all Teton County documents related to land management dating back to 1996 such as “mortgages and release of liens” will be placed on the blockchain platform, excluding any “title information” that is not already available to the public on the existing land records system. Once launched, the blockchain platform is also intended to “automatically capture and record” all succeeding transactions related to land management and update the blockchain platform accordingly.

MLG is part of the portfolio of’s venture capital firm, Medici Ventures. Medici Ventures was founded in 2014 with the stated goal of accelerating the mass adoption of blockchain technology. It oversees Overstock’s trading platform tZERO and has invested in a number of blockchain-related companies – including Israel-based VinX, a token-based blockchain system to fight fraud in the wine industry, and Voatz, the company responsible for the rollout of a blockchain-based voting app to West Virginians living abroad this past November.

MLG is younger and also narrower in its goals, launching in 2018 with the expressed mission of “using blockchain and other technologies to provide user-friendly, low-cost land administration systems.” It signed an MOU with the Rwanda Land Management and Use Authority and the Rwanda Information Society Authority in November to provide Rwanda with a “paperless, secure, corruption-proof, blockchain-based system of land governance.”

Per the press release, Caitlin Long, co-founder of the Wyoming Blockchain Coalition, voiced her excitement over the new project and stated, “This is yet another example of Wyoming blazing blockchain trails.”

The Cowboy State has been bullish on blockchain. In March, the Wyoming legislature passed five bills concerning blockchain technology and virtual currency. And, legislators have been pushing forward a bill that would create “special purpose depository banks” for blockchain companies. 

Nathan Graham is a full-time staff writer for ETHNews. He lives in Sparks, Nevada, with his wife, Beth, and dog, Kyia. Nathan has a passion for new technology, grant writing, and short stories. He spends his time rafting the American River, playing video games, and writing.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Wyoming, Caitlin Long or other Ethereum application news.

Source link


Please enter your comment!
Please enter your name here

Latest news

Bitcoin SV has found a new niche in the gaming industry

Gaming companies and online casinos are increasingly paying attention to cryptocurrencies as a possible payment tool. Several...

Why could GLBrain become a great solution to receive support during the crisis?

To support smaller and medium-sized businesses during the ongoing crisis, GLBrain offers services cost-free for all Austrians....

Make Fast and Secure Trades Using is a Cryptocurrency trading platform that allows users to buy and sell their Cryptocurrency in a...

Network Security Using Cryptography: Everything you need to know

This article will describe what is Network Security Using Cryptography and everything you need to know before...
- Advertisement -Wyoming County To Put Land Records On Blockchain

Mercuriex Cryptocurrency Exchange Launches New Utility Token, SURF

MercuriEx Cryptocurrency Exchange, originally developed in 2017, came under new ownership in December 2019. Since taking over the exchange,...

Fungibility: Bitcoin Mixers Favorite Term That No One Understands

Fungibility, perhaps the most important concept when dealing with a decentralized and anonymous currency, but does bitcoin...

Must read

Bitcoin SV has found a new niche in the gaming industry

Gaming companies and online casinos are increasingly...
- Advertisement -

You might also likeRELATED
Recommended to you