Richard Branson: Blockchain Is an ‘Economic Revolution

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Virgin Group founder and billionaire entrepreneur Sir Richard Branson is a huge supporter of blockchain technology. While talking to the press on October 3, Branson said the tech could bring an “economic revolution” to many nations worldwide. Sir Richard Branson Praises Blockchain Land Registry Bitcoin and blockchain technology is a keen interest for Sir Richard Branson. This week, Branson chatted with the media concerning blockchain technology’s many potentials. To make his point, Branson referred to the recent partnership between Bitfury and Hernando de Soto, who are trialing a land titling distributed ledger platform. Bitfury and the Peruvian economist aim to work with the Republic of Georgia’s National Agency of Public Registry. The project aims to deploy blockchain technology to create a better land titling system, with transparent and immutable attributes. In developing countries, land titles are often manipulated, forged, and taken from their rightful owners. At the Virgin Disruptors event this week in London, Branson told attendees: If you take somewhere like Egypt, 90 percent of people have got houses, they’ve got a garden, but they’ve got no piece of paper to show ownership of that — And without ownership of your property, it’s almost impossible to start a business or get a bank loan …