Bermuda Could Launch a Blockchain Land Registry

Bermuda plans to migrate its property deeds system to the blockchain, its premier said today.

As quoted by The Royal Gazette, premier David Burt remarked during an appearance at the World Economic Forum in Davos that the country was aiming to shift away from its “old school” system of recording deed information.

The Royal Gazette quoted Burt as saying:

“Bermuda has an old school deeds-based property system. What we are going to do is transfer our registry to the blockchain. Clearly it needs to be transparent so people know what’s there and be secure, and that way we know who owns what at any point in time”

Burt reportedly remarked that some segments of Bermuda’s business ecosystem – namely the legal profession – may not be fully supportive of the move…

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