Possible Applications of Smart Contracts in Land Administration

Abstract

Large number of stakeholders is interested in data stored in land administration systems (LASs), so it is understandable that data quality in LASs is of utmost importance. Data in LASs are often in incorrect state since they are not in accordance with reality. Since data stored in LASs are considered to be correct in all legal affairs, these incorrectnesses could be a cause for large number of problems. Blockchain technology, more precisely smart contracts, could bring improvements to process of registering transactions in LASs. In this paper, two presented case studies propose improvements that would result in faster process of executing transactions and elimination of possibility of “double spending”.