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02-11: Can Blockchain Technology support Land Administration?
Blockchain, Real Estate, and Land Governance
New America, United States of America
The paper gives a sense of the current state of affairs with blockchain and land registries as well as a sense how it is evolving. After observing some larger trends in blockchain in the forward, the paper makes a broad case as to why blockchain make sense for Real Estate in the introduction.
From there the paper has four sections.
First, it covers what we consider to be the seven essential prerequisites before blockchains are introduced into a land registry.
Second, we introduced a conceptual framework of eight levels of integration from the most simple to the most radical.
Third, we consider five specific cases ranging from title insurance to regulation and how they will change in the not too distant future.
Finally, we consider six case studies of companies that are already active in the space.
Blockchain Technology: The Safest Way For Better Land Governance?
Thomson Reuters Bolivia s.r.l.
This paper includes a thorough review of current potential applicability of Blockchain for land administration, but also weighs this against the barriers to applicability, as briefly noted in this abstract. We know that Blockchain is not a panacea for all inefficiencies or governance challenges when implementing a modern, fair and efficient land registry. In my capacity as a Thomson Reuters technologist, this paper draws on the research and deployment occurring within my corporation. Across these professions the notion of Blockchain is gaining incredible hype. While there is optimism, there is also equal skepticism. Above all, there is clouded confusion on the merits and technical applicability of this new emerging potentially disruptive technology. This paper will help clarify what a Blockchain really is, and provide a practical approach to making incremental steps toward adoption. Governments have an opportunity to lead the adoption of this technology before industries.
Evaluating the Use of Blockchain in Land Transactions: An Archival Science Perspective
The University of British Columbia, Canada
Land transaction records are among the most important records a society generates. Blockchain is a new technology that has the potential to radically alter the recording of land titles and ownership transfers. Proponents of blockchain’s use for land transaction recordkeeping point to its many advantages. Any technology that changes the manner in which land transactions are recorded also raises questions about its impact upon long-term availability of authentic records and compliance with information-related laws and regulations. The objective of this paper is to explore recordkeeping issues using an archival science theoretic lens to help those considering the application of blockchain technology in land administration gain a clearer picture of its potential impact on land ownership recordkeeping.
What Should We (Not) Do With Land Administration Data? The Risk Of Privatization And Blockchain`s Code As Law
Dutch Cadastre, Land Registry and Mapping Agency (Kadaster), Netherlands, The
This paper concerns the possible use of Land Administration data and the (legal) requirements that have to be met. Since data seems to be a real asset, (even) Land Registries are of interest of private companies. Privatization is one of the more recent developments. In a few countries the first steps have been taken to privatize their Land Administration systems.
Next to that, new technology e.g. blockchain has an impact on (the independence of) Land Registries. The (legal) demands for a blockchain-based Land Administration system are described in this paper.
The paper does not only cover questions related to preventing fraud (independence institutions), it also describes some trends and technological issues and developments (e.g. Blockchain, Big Data and Linked Data) and the legal questions deriving from these developments. It all comes down to data, the true meaning of the data, its quality and the question who owns the data.