This blockchain platform is set to resolve land registry issues in Africa

A new groundbreaking blockchain technology is set to transform the property market by solving long-standing land registry issues in Africa. This innovative platform, known as Cesso Global, is on a mission to unlock billions of dollars within Nigeria and Sub-Saharan Africa by offering a seamless and secure solution for property transactions. The CEO of Cesso Global, Daniel Bloch, recently sat down with CNBC Africa to shed light on how this platform is revolutionizing the real estate industry in Africa. Bloch explained that Cesso Global serves as a one-stop shop for property transactions, offering a digital brokerage solution that helps developers organize and manage their land records in a trusted and secure manner. In countries like Nigeria, where property transactions involve numerous parties such as lawyers, valuers, surveyors, architects, and mortgage banks, Cesso aims to streamline the process by bringing all stakeholders onto a single platform. This not only ensures secure transactions but also simplifies the buying and investing in land. The key theme of Cesso Global is to create a secure platform using blockchain technology where land records cannot be tampered with or hacked. By decentralizing the data and empowering property developers to hold their own records securely, Cesso Global eliminates the risk of data loss or corruption, which is a common issue when land records are stored on traditional platforms like Excel or computer hard drives. One of the key points highlighted in the interview is the importance of enriching land registries beyond just title data. In countries like Nigeria, Ghana, and Kenya, where trust in property registries is often lacking, Cesso Global aims to include additional property data along with title data to provide a more comprehensive view of the property. This would help buyers, sellers, and even banks make more informed decisions when it comes to land transactions. Another significant point discussed is the expansion of Cesso Global's platform to South Africa. Bloch revealed that the platform is already operational in Lagos and Abuja, and they are now working with a local organization in South Africa to launch the solution in Cape Town and Johannesburg. This expansion will bring Cesso's secure and efficient property transaction platform to a new market, further solidifying its presence in the African real estate industry. In response to a question about the physical location of the data, Bloch emphasized that blockchain technology ensures trust by storing data locally in each country where the platform operates. This approach not only enhances security but also allows landowners to have direct access to their records, promoting transparency and accountability in property transactions. As Bloch concluded the interview, he highlighted the importance of educating the public about the benefits of blockchain technology in land transactions. With Cesso Global's commitment to empowering landowners and streamlining property transactions, the future of real estate in Africa looks promising with increased trust, efficiency, and security.