Abstract

land is an asset, and transferring the ownership of a piece of property from one party to another is both a significant and time-consuming procedure. Not only there's a lot of documentation, but there are also numerous middlemen and several verifications at various stages of the process. This reduces the overall reliability of the procedure and increases the risks of forgery. It also takes a lot of work to learn about earlier transfers. This issue is readily solved by using blockchain for the land registration system. By eliminating agents from the process, this will reduce corruption. It will also boost speed and build trust in the system without any involvement of any central agency. Blockchain is a decentralized, unalterable database that tracks every valid transaction.

Full Text
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