cape town, south africa
The vision is to integrate this record into the Deeds Registry and unlock access to mortgages and other benefits for beneficiaries of the South African government’s Reconstruction and Development Programme (RDP).
In partnership with The Centre for Affordable Housing Finance in Africa (CAHF), a not-for-profit company with a vision for an enabled affordable housing finance system in countries throughout Africa and 71point4, a strategic research consultancy specialising in consumer-focused, data-driven research in potentially transformative sectors, including housing, financial services and healthcare.
This is the first working example of a blockchain-based property registry in South Africa.
The pilot study area consists of almost 1,000 properties under the RDP, located in four sites in Makhaza, Khayelitsha.
All the properties are Government subsidised properties that have not yet been registered on the Deeds Registry.
Over 1,000 properties have been recorded onto the Seso platform and over 250 properties have begun their title deed registration process, which they didn’t have prior.
The platform will be expanded in 2020 to over 5,000 properties in Khayelitsha with plans to expand across South Africa.