Honduras to assemble area title registry utilizing bitcoin innovation

NEW YORK (Reuters) - Honduras, one of the poorest nations in the Americas, has consented to utilize a Texas-based organization to assemble a lasting and secure area title record framework utilizing the basic innovation behind bitcoin, an organization authority said late Thursday. Factom, a U.S. block chain innovation organization is doing the task with Epigraph, a title programming organization that uses block chain innovation, likewise situated in Austin.

​Factomwould not uncover the expense of the undertaking. Honduras would turn out to be just the second government to utilize block chain, which builds straightforwardness in an exchange, to oversee government information, after reports that the Isle of Man would test an administration run block chain venture. "Previously, Honduras has battled with area title misrepresentation," said Kirby. "The nation's database was essentially hacked. So administrators could get in there and they could get themselves beachfront properties." EbalJairDíazLupian, the Honduran government's head of staff, did not react to a few endeavors from Reuters to contact him by means of email and phone. By building a permanent title record, upheld by block chain, Honduras can jump frameworks constructed in the created world, Kirby said.

He included that this would take into consideration more financial aids. "This likewise gives proprietors of the about 60 percent of undocumented area, an impetus to enlist their property authoritatively." The block chain is a record of the majority of a computerized cash's exchanges and is seen as bitcoin's fundamental innovative development. The innovation is developing past the computerized coin, however, to applications like title databases and information confirmation frameworks.

Honduras, a nation of around 8 million individuals, has the world's most noteworthy homicide rate, fueling a surge in kid movement to the United States. The nation's GDP every capita in 2013 was assessed at $1,577. The administration's obligation has more than quadrupled following 2008 in the midst of drowsy development.


Latest News


News in pictures

The Spot Light


Featured Posts

Getting Intimate With Technology
Getting Intimate With Technology

Posted by Hallie Parker 8/16/15

Samsung Galaxy S5
Samsung Galaxy S5

Posted by Jack Reynolds 8/9/15

Print real objects with maker bot 3d printer
Print real objects with maker bot 3d printer

Posted by David Nolan 7/30/15


Posted by Jack Reynolds 7/11/15


Pic Story

OceanOne - diving robot NASA needs 13 new astronauts Cyber attacks by the DDoS gang 3D printing used at Washington’s Children’s National Medical Centre

The Buzz

China’s Tesla autopilot crash caused by the words “zidong jiashi”

Another controversy for Tesla’s autopilot - another crash was reported in China. The accident is the first recorded in China and occurred months after a terrible crash in Florida. These events have added pressure on regulators and auto industry executives to tighten up regulations on autopilot…

Natasha Hellberg Warns of 5 Cybercrimes

The secretary general of The Anti-Phishing Working Group, Peter Cassidy, introduced Natasha Hellberg as someone who has been studying cybercrime for several years. Cassidy even stated that Hellberg could help save everyone from cybercrime. She is currently working as a senior threat researcher at…

Police test new "Howler System"

When it comes to technology upgrade to make work on the field more efficient, the Calgary police will spare no investment to stay up-to-date in the game. The new technology, the Howler System, is a revolutionary way of getting drivers’ attention to a police call. This is how it works. Suppose…

NASA’S Planned Mars Virtual Reality Experience

Technology continues to progress at an astounding rate. Advances in different fields are amazing on their own, but truly remarkable things can happen when they converge. Take for example the Mars rovers. Previous explorations in 1971 and 1997 were not terribly successful (it was difficult to either…

Google Glass becomes the Smart Visor

For the past few months, the Internet has been raving about the new Google Glass. The most expected piece of wearable technology is not exactly a dream come true, and the price is high for a product that does not have much to offer. Well, it seems that things are changing with the new move Google…