LAND LAYBY Listing is a distributed ledger for recording land and conveyance data that can never be altered, corrupted, forged or replicated in error. A block consists of all details about a certain piece of land. Once a block space is exhausted with transactions, a new block is created and they are linked together through cryptography. The result is a linear and chronological order referred to as Blockchain. Each time a block gets completed, a new block is generated. There are a countless number of such blocks in the blockchain. The use of cryptography to secure and chain data in the blocks creates an immutable record that is unchangeable by design. Land LayBy Listing on blockchain will contain up to date information about a particular land asset. This makes LLL an independent verification listing and where appropriate a mirror of what was and is reflected in the Ministry of Land registry hence speeding up the process of decision-making in cases where land is the core component of development.
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