This startup is moving Nigeria’s land records to the blockchain
- In 2017, Ndifreke Ikpoku lost ₦23 million due to fraudulent land sales in Nigeria.
- Sytemap was founded to address the issue of ownership verification in Nigeria's property market.
- The startup digitizes land records on the blockchain to reduce fraud and double allocation.
Sytemap's innovative approach to digitizing land records could significantly improve transparency and trust in Nigeria's real estate market. However, the success of such a model depends on user adoption and the ability to navigate regulatory challenges. Further discussion is needed on how to integrate these private solutions with public land registries effectively.
