Land LayBy Holding’s New Year Resolution

2018 is set to be a revolutionary year for Africa as the Land LayBy Holdings, the parent holding company of a flagship of real estate & fintech companies sets the pace for the incorporation of blockchain technology in the African real estate sector.

 The huge trust gap associated with Land Purchase in the frontier and emerging markets continually discourages people from investing. African Investors, and especially those living in the diaspora have lost inordinate amounts of money to their friends, relatives and conmen posing as professionals. The existing system inefficiencies make it difficult to verify the authenticity of the property ownership records. The lack of credible networks indicates there lacks a proven system and framework that facilitates proper, time efficient and costly due diligence. The Geographical Barrier, in the case of a diaspora investor, impedes the enforcement of legal contracts in instances of fraud and breach.

There is a grand opportunity to significantly alleviate such incessant challenges in our real estate industry permanently. A Kenyan leading real estate and fintech company, operating in 5 other countries (Australia, Ghana, UK and USA) is propelling Africa’s real estate into the Blockchain space with platforms built on this new technology. The company is set to launch the minimal viable product (MVP) for Africa’s first multinational Blockchain powered land registry early 2018. The platform, which shall be accessed using utility token – the Harambee token, will transform the way we buy and sell real estate by doing away with the hidden costs, unnecessary intermediaries, and reduce transaction time significantly. It will enhance data security and eliminate manual errors and duplication of verification processes.

Land Layby Holdings hopes to permanently address the trust gap by disclosing land and land options to the public, but with special privacy requirements.