• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play GamesTry
  • Play Casino GamesTry
  • Free SpinsTry
No Result
View All Result
NewsBTC
No Result
View All Result
Breaking News: Dogecoin Surges 6% After Elon Musk Unveils Crypto Payment Master Plan
Blockchain, credit

Blockchain Technology Adopted for Land Registry and Sea Trade

Ricardo Esteves by Ricardo Esteves
4 years ago
in Blockchain
Reading Time: 2 mins read
Advertisement

Blockchain technology is rapidly being adopted for public purposes. New South Wales’ plan to fully digitize property transactions and Abu Dhabi Ports’ test to improve cargo visibility and streamline trade flows are two new examples of the disruption taking place today.

New South Wales Partners with ChromaWay to Digitize Property Transactions by July 2019

As the Australian state of New South Wales prepares to digitize property transactions by July 2019, the recently privatized Land Registry Services has announced a blockchain-based proof of concept (PoC) for electronic property conveyancing in partnership with Stockholm-based startup ChromaWay.

The firm will leverage proven approaches from implementations in Sweden and India.

Don't wait! Jump on this Crypto Deal and get a 150% Welcome Bonus plus 100 Free Spins on your deposit today!
570% up to 12 BTC + 300 Free Spins for new players & 1 BTC in bonuses every day, only at Wild.io. Play Now!

“Under blockchain models, the data in a registry will remain secure and immutable, while also being accessible and searchable. It will provide an incontrovertible chain of ownership. It also has potential to transform land planning and development processes with a simplified, more efficient approach that removes burdensome paper-based processes and duplicated work that is currently the norm.”

When the Australian state finally moves to eConveyancing in July 2019, all paper certificates of title will be canceled. All land registry will be lodged electronically with a comprehensive view of rights, restrictions, and responsibilities, according to Adam Bennett, CEO of the land registry service.

“Rapid and far-reaching technology change is impacting traditional approaches to land dealings registration and general business operations around the globe. NSW LRS is embracing this new world by conducting a series of targeted experiments with globally-recognised technology companies.”

Other land sector actors, including Property Exchange Australia, may benefit from the increased transparency and reduction of data duplication as the business settles property transactions online. Pending regulatory approval, the changes to NSW LRS core systems, and core and non-core services are expected to smooth functioning of local and national property markets.

Ports in UAE and Belgium Test Blockchain Pilot to Streamline Trade Flows and Supply Chains

The Port of Antwerp, Europe’s second-largest seaport, has partnered with Abu Dhabi-based blockchain firm Maqta Gateway to implement the first international pilot for its “Silsal” project. The solution aims to link stakeholders across the trade community using blockchain in order to provide full cargo visibility and streamline trade flows and supply chains.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?

The pilot will test the technology’s capabilities to exchange, identify, and acknowledge cargo documents and certificates between the two ports.

Maqta Gateway, which is a subsidiary of Abu Dhabi Ports, signed a Memorandum of Understanding (MoU) with the Port of Antwerp to exchange experiences as both parties test the blockchain solution, said Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports.

“This is an important moment for us as we prepare to implement the first applied blockchain solution of its kind between Abu Dhabi and the world. Our technology experts at Maqta Gateway are working with world-class international partners, such as the Port of Antwerp, to deliver fast, reliable, and secure trade transactions through rigorous development and testing programs.”

According to a whitepaper published by World Economic Forum (WEF) in collaboration with Bain & Company, blockchain may boost trade volume by $1.1 trillion in the next 10 years.

Featured image from Shutterstock
Tags: abu dhabi portsadam bennetblockchainChromaWaymaqtamohamed juma al shamisinew south walespot of antwerpsilsal projectSupply Chain
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Ricardo Esteves

Ricardo Esteves

Related Posts

Ethereum

Ethereum Stakers In Massive Loss As 80% of Staked ETH Is In The Red

1 month ago
Lido

Lido (LDO) Sheds 58% Of Its All-Time High TVL At $11 Billion

9 months ago
bitcoin bull run

Huobi Co-Founder Says Next Bitcoin Bull Run Could Be 3 Years Away

12 months ago
Axie Infinity

Axie Infinity Sets Record-Breaking $4 Billion In NFT Sales

12 months ago
Picture depicting the interconnectedness of blockchain technology, as survey shows blockchain technology is becoming mainstream

Deloitte Survey Shows 76% Of Finance Execs Think Physical Money Is Nearing Its End

1 year ago
Pakistani Blockchain Marketplace, Bazaar Secures $30 million In Funds

Blockchain Startup In Pakistan Dubbed Bazaar Secures $30 million In Funds

1 year ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Metaspins

Metaspins

Review · Visit
Trust Dice

Trust Dice

Review · Visit
CryptoSlots

CryptoSlots

Review · Visit
Coinplay

Coinplay

Review · Visit
mBit

mBit

Review · Visit
Vave

Vave

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit
Coinplay

Coinplay

Review · Visit

Fantom And Decentraland Explode As Big Eyes Coin Raises $21M In Presale

February 4, 2023

The Metaverse Represents The Future of Web3: Decentraland (MANA), The Sandbox (SAND), and Snowfall Protocol (SNW) Lead the Way

February 4, 2023

Snowfall Protocol (SNW), Shiba Inu (SHIB), and Cronos (CRO) – The Best Cheap Cryptos to Buy Now

February 4, 2023

ApeCoin (APE), Dogecoin (DOGE), and Snowfall Protocol (SNW) – Three Great Coins for NFT Lovers

February 3, 2023

Turn Playtime into Paytime with RankerDAO’s Gaming Crypto Platform

February 3, 2023

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Links

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2022 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Events
  • Play Games
  • Play Casino Games
  • Free Spins

© 2022 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.