A public-private effort in Sweden to record land titles on a blockchain is set to begin public testing this March.
Spearheaded by the Swedish National Land Survey and blockchain startup ChromaWay, the project was revealed in June to have support from consulting firm Kairos Future and telephone service provider Telia. Now, the project is moving ahead with the addition of two banks that specialize in mortgages, Landshypotek and SBAB, CoinDesk has learned.
ChromaWay CEO Henrik Hjelte said that the sandbox release would seek to test the platform from a business, legal and security perspective, while allowing the public to test the interface and back-end.
“The system will not be connected to live data in March yet, but it will demonstrate what it would look like if it were to be populated with real data and integrated into the different actors’ services,” Hjelte told CoinDesk.
He added that, at that point, more users from differing backgrounds are expected to join the effort, stating:
“We will invite regulators, governmental agencies and other actors in the space to review the platform and blockchain technology to provide feedback on the project
Read more ... source: CoinDesk
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