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Block Chain Based Property Registration

  • Unique Paper ID: 181837
  • Volume: 12
  • Issue: 2
  • PageNo: 19-24
  • Abstract:
  • —Property registration is a fundamental process for ensuring ownership rights, facilitating real estate transactions, and maintaining land records. However, traditional property registration systems are often plagued by inefficiencies, corruption, fraudulent activities, and high operational costs. The lack of transparency, slow bureaucratic procedures, and risks associated with paper-based or centralized digital systems highlight the need for an innovative solution. Blockchain technology has emerged as a promising alternative, offering a decentralized, secure, and tamper-proof ledger for property transactions. By leveraging features such as cryptographic security, immutability, and smart contracts, blockchain-based property registration can enhance trust, reduce fraud, and automate processes, thereby increasing efficiency and accessibility. This paper provides a comprehensive review of blockchain applications in property registration, examining the potential benefits, existing implementations, and challenges associated with its adoption. Key advantages include real-time verification, enhanced security, and reduced dependency on intermediaries, leading to cost-effective and streamlined land administration. However, significant barriers remain, including regulatory and legal uncertainties, interoperability with existing systems, scalability concerns, and resistance to technological change. Through an analysis of current literature, case studies, and pilot projects, this paper explores how blockchain can transform property registration while addressing its limitations. Finally, the study identifies areas requiring further research, policy adaptation, and technological advancements to enable widespread implementation. The findings contribute to the ongoing discourse on the role of blockchain in real estate and land governance, offering insights for policymakers, technologists, and stakeholders in the real estate sector.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 12
  • Issue: 2
  • PageNo: 19-24

Block Chain Based Property Registration

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8.01 (Year 2024)
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