Time Magazine Includes Blockchain Startup From Ghana in Its 50 ‘Genius Companies 2018’ List

American journal Time Magazine has included a blockchain startup in its recent top 50 “Genius Companies 2018″ list, published Thursday, October 4.

In putting together the list, the magazine asked their editors and correspondents to name “businesses that are inventing the future.” Influence and success were among the criteria for the choice. Bitland, a blockchain startup based in Ghana, joined the list along with giants like Apple, Netflix, SpaceX and Domino’s.

As Cointelegraph reported earlier, Bitland, founded by Ghana native Narigamba Mwinsuubo, uses blockchain to register local land. Bitland cooperates with local authorities to help record property rights in a decentralized, immutable format.

Ghana is not the first African country to take on land property issues using blockchain. In August, the Zambian government announced its partnership with the blockchain-based land registry subsidiary of American retail giant Overstock.

In other examples of blockchain being used globally in the real estate industry, the Swedish government officially started using tech to register land back in summer 2017, while earlier that year, Georgia initiated a project to register its first property on the Bitcoin blockchain.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s