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You are at:Home » Honduras to Store Agricultural Land Records on Polygon
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Honduras to Store Agricultural Land Records on Polygon

AB News DeskBy AB News DeskJuly 13, 2021Updated:July 13, 2021No Comments3 Mins Read
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Honduras to Store Agricultural Land Records on Polygon - AlexaBlockchain
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  • Honduras Ministry of Agriculture (INA) has entered into new partnerships with Delnorte, a leading technology company, and Polygon, one of the world’s largest public blockchain networks, to digitize agricultural land throughout Honduras.

Honduras, July 13, 2021 /AlexaBlockchain/ – Honduras Ministry of Agriculture (INA) has entered into new partnerships with Delnorte, a leading technology company, and Polygon, one of the world’s largest public blockchain networks, to digitize agricultural land throughout Honduras.

Delnorte is a technology company that creates and provides software and hardware solutions to digitize and ensure deeds and titles, and to verify and authenticate transactions. Delnorte has been awarded this contract from Honduras “for a donation” of its technology, and

According to the agreement, Delnorte’s infrastructure will provide digital and transparent data with clear titles and proof of ownership to all the farmers throughout Honduras.

Polygon, one of the world’s largest public blockchain companies, will ensure that all real estate deals in Honduras are stored on the most secure global network.

Delnorte will provide authorization tools for each transaction participant and assign them to the state. This high-level structure means that the state and the people are one structure, not separate entities, with fully aligned goals and actions. Easy access to capital and data will make Honduras’ agricultural sector wealthier, more economically resilient and more competitive against other countries.

Importantly, the move to digitization on the blockchain provides a security element that makes theft impossible. Change to information without the knowledge of the state and the property owner cannot happen. Each activity on the property will be visible and must be approved by the state and the property owner before taking place.

Blockchain transactions are transparent and irreversible. Everything that gets into the blockchain remains there forever – this makes it possible to see the history of changes without distortion.

Delnorte Chief Executive Officer Anton Glotser, said:

“We at Delnorte are keenly aware of fake news. Our legal team is working around the clock to stop any false accusations about our company and will take imminent legal action with anyone who spreads fake news about the company. We assure everyone that we have nothing to do with any government and that our only interaction with the government of Honduras is the fact that we got a contract with INA, for a donation of our technology. We have never received any money from Honduras.”

The terms of the Delnorte agreement require the state to provide assistance to Delnorte in moving public data from physical to digital format; Delnorte guarantees proper data storage and system function. This public data is 100% owned by the government and the people. Delnorte guarantees that property data will no longer disappear – it will always remain on the blockchain for the use and access by people and the state. For services rendered, Delnorte and Polygon will never take any payment from the state.

Delnorte Honduras Land Governance Polygon
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AB News Desk is a trained group of web journalists and reporters who collect news from all over the blockchain market landscape. AB News Desk covers developments on Blockchain Industry including Distributed Ledger, Smart Contracts, Digital Assets, Cryptos, FinTech, Bitcoin, DApps, DeFi, and more. To connect, please write to Editor at info@alexablockchain.com.

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