Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry (IADB-RG-T3356)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Bolivia
  • Paraguay
  • Peru
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jul 19, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Regional
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Oct 28, 2019


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Project Description

The main objective of this TC is to implement three blockchain pilot projects in Bolivia, Paraguay and Peru, where the Bank has executed and/or is currently executing rural land titling projects (Rural Land Regularization and Titling Program - 37222/BL-BO and Rural land Titling and Registration Project in Peru - 3370/OC-PE). The expected results of the TC include the following: (i) to prove that blockchain technology is fit to solve the problem of land titling and registry; (ii) develop a thorough understanding of the legal matters related to the application of blockchain technology to land titling and registry; (iii) identify the information technology requirements to implement the blockchain solution to land titling and registry; (iv) to understand the technology and process integration with existing land titling and registry systems; (v) to understand the blockchain governance required (incentives and coordination) to implement the proposed solution; and (v) to understand the costs and benefits of the application of blockchain technology to land titling and registry.

Investment Description
  • Inter-American Development Bank (IADB)

Ordinary Capital

Contact Information

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).