Authorities in Columbia have adopted a digitized National Land Registry based on Ripple’s XRPL Blockchain.
The Blockchain-backed solution was developed by Spain-based software development firm Peersyst Technology.
The program has already been implemented by the country’s National Land Agency.
Digital assets can be registered on the XRPL and their authenticity can be verified by using a QR code.
This project is expected to help resolve the country’s land issues and according to analysts, it could register more than 100,000 hearings in a short time.
This registered database will help to renew trust in the authorities for residents of the country.
Colombia is one of the few countries in the world that has seen rapid adoption of cryptocurrencies by citizens of the country. According to available data, the country is second in Latin America for Bitcoin transactions.
Ripple launches Clio 1.0
In another development, Ripple announced the release of Clio 1.0, an XRP Ledger API server aimed at improving the scalability of XRPL data.
The API release was announced by its Chief Technical Officer, Joel Katz. The new API will help improve throughput for API requests and enable easier horizontal scaling.
In the same way, the server is designed to reduce memory usage and storage overhead for users.
XRP unique addresses boom
A tweet by Santiment shows that Ripple’s XRP recently recorded its largest daily number of unique addresses in almost three years.
For context, this is the first time since February 2020 that the number of daily active addresses on XRP exceeds 200,000.
Meanwhile, Ripple’s XRP has seen its value rise by more than 26% in the last 30 days, according to data from CoinGecko.
Its price drop comes at a time when the broader crypto market has recorded a huge drop that flagship assets, Bitcoin and Ethereum, lost more than 40% of their value within the same period.