Wyoming County Plans New Land Registry Powered by Blockchain

Wyoming land registry blockchain Open Index Protocol

A county in the U.S. state of Wyoming has announced plans for land registry powered by blockchain, in the latest example of the technology being deployed in this use case.

Teton County, home to 23,265 residents in the crypto-friendly state, has announced a partnership with Medici Land Governance, a subsidiary of the Overstock-owned blockchain investment firm Medici Ventures.

The partnership will see MLG support the development of the new registry system, to be built on the Open Index Protocol.

The platform will record property ownership, as well as other records around title in the county, including mortgages and liens, dating back as far as 1996. According to a news release, the title information will include the same levels of public access and privacy as existing records.

“The title information that is obscured for viewing on the current system will also be obscured from the blockchain-based system, but all public records will be available at the county clerk’s office.”

County clerk Sherry Daigle welcomed the new system, suggesting it could be rolled out across the state more broadly in future.

“We are proud to see Wyoming lead the way in implementing cutting-edge technologies, such as blockchain, into existing markets like land registry.”

Open Index Protocol co-founder Devon James said OIP was the perfect fit for the Teton County use case.

“I’d heard Wyoming was working to proactively welcome blockchain and I wanted to support their efforts. ... I began attending Blockchain Task Force meetings and contributing to their public discussions, but I was particularly interested in their ‘Real Property Records on Blockchain’ initiative because the specification we’ve been working on for almost five years … is a worldwide public database where anyone can publish, read, display, sell or audit the records, making it a perfect fit for their use case.”

Wyoming has been proactive in embracing blockchain technology, with a raft of bills introduced in recent months to clarify regulation around cryptocurrencies and blockchain use cases.

If successful, the land registry platform will likely inspire neighboring counties and states to embrace similar technology, in a bid to leverage the specific benefits of distributed ledger technology in land registry and ownership.