Putting Land Registries on the Blockchain
Blockchain provides a potential solution for many of the challenges of land registration. This use case for blockchain extends beyond a pure database, leveraging the opportunity to create a permanent, unbreakable record of ownership for land or real estate.
The simplest implementation of a blockchain-based land registry could enable the ownership documents to be recorded and assigned to the owner’s user account. If there are structural changes to the building, these can be added to the blockchain, and if the property is sold, all the relevant documentation can be transferred to the new owner. Every transaction is traceable, timestamped, and indisputable.
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