Blockchain land registry systems transforming real estate

blockchain land registry system

Roadblocks in traditional land registrations

Use of blockchain in land registry systems

  • Reliable Databases: Eliminates property fraud since every piece of land can be uniquely coded and linked to a smart key. Thereby limiting land registry frauds to a great extent. Furthermore, concepts such as Smart Contracts make it possible to automatically transfer ownership once the purchaser transfers funds to the owner’s bank account.
  • Enhanced search process: With Blockchain, data is distributed across a peer-to-peer network to allow listings to be more freely accessible. Since network participants have more control over their data, this affects both transparency and trust. Such a system would include clearer property details such as Property address, Comparable rental rates, etc.
  • Seamless property management: Managing ongoing lease agreements, property operations, and cash flows is a mammoth task. Smart Contracts do away with many of the associated challenges with what can be known as a ‘smart tenancy contract’.
  • Fast and cheap financing: Since Blockchain reduces inefficiencies and increases transparency in the whole ecosystem, financing becomes a breeze. Digital identities of lands assist all sorts of processes such as loan applications, documentation, due diligence, and property servicing.
  • Ease to Government Departments: All departments can use a single window portal to view information, issue licenses, update or revoke a license, etc.
  • Ease of involved entities: Users can interact with the government through the portal for uploading documents, license and other requisites for KYC.
  • A decrease in fake certificates and illicit documentation: Anybody can verify the authenticity of the documents by scanning the QR code or by entering the unique ID of the document.
  • Efficient governance: Since the solution cuts down the interface time between the user and the government, the efficiency of governance in different departments can be improved.




Accubits Technologies is an enterprise solutions development company focusing on AI and Blockchain technologies, based in Virginia, USA.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

ICO Review — 5 reasons why Edenchain should be the new Icon


Identifying Problems In Need Of A Blockchain Solution, Part 1: The Big Data Economy


Panther Protocol and Supra Oracles join forces To Enable Cross-Chain, Private DeFi

AMA with DogeSwap

WingRiders Yield Farming Will Be Live from Day One of Mainnet Launch

bloXmove Joins Acceleration Program

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Accubits Technologies Inc

Accubits Technologies Inc

Accubits Technologies is an enterprise solutions development company focusing on AI and Blockchain technologies, based in Virginia, USA.

More from Medium

ENS Domains: The Awakening of the Beast

The fastest asset multiplication protocol in the crypto market- Clock x24

BFG Superstars: WeDataNation’s Ocean protocol proposal granted!

How do blockchains agree on data publishing?