Medici Land Governance Makes Teton County, Wyoming the First County in the USA with Blockchain-Registered Land
Overstock.com, Inc. (OSTK)
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Source: GlobeNewswire
SALT LAKE CITY, Utah, June 17, 2019 (GLOBE NEWSWIRE) -- Overstock.com, Inc. (NASDAQ:OSTK) announced Medici Land Governance, its blockchain subsidiary focused on land administration, has recorded Teton County, Wyoming’s land titles to a blockchain-based land record and information platform. The partnership, which was first announced on December 20, 2018, makes Teton County the first county in the United States to record land information (including warranty deeds, mortgages, release of liens, and other similar documents), on a blockchain-based platform. Teton County land record activities going back to 1996 are now stored on a system using Medici Land Governance’s (MLG) technology designed to track, record, and make available to the public. Future updates will also be recorded to the blockchain, thereby creating a transparent and immutable proof of existence of the land information. “Wyoming’s adoption of advanced technology to validate property ownership in Teton County is a perfec
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