First Maltese blockchain app launched in Malta - taking Real Estate to the next level!
Whilst many believe blockchain systems represent the future, others have decided to embark on these projects without waiting any further. Ledger Project, a Maltese company has just launched Malta's first blockchain app for the acquisition and sale of property.
This blockchain app, named LP01, eliminates the possibility of having multiple promises of sale documents on the same property therefore it will facilitate the works carried out by notaries. It caters both for the acquisition and sale of property. A solution that helps the Government to have concrete information on the market whilst increasing efficiency and transparency particularly on the tax paid when transferring property.
The CEO of Ledger Projects David Schranz and entrepreneur Anthony Mamo said that the introduction of new technology such as blockchain help Malta to become a centre of excellence. The app is tried and tested thus it can be implemented it in other sectors such as blockchain.
What are the current developments in blockchain in your jurisdiction?
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