Smart Contract-Based Land Registration System Using Blockchain

Abstract

Blockchain is a database that records transactions on many computers. It is a decentralized technology, so all the copies of the blocks are distributed in a network. This solution will remove the problems that exist in the traditional system. The old system has many issues. We still use the conventional registration system, where a broker is between buyer and seller. And he is responsible for all transactions and document verification. The broker will guarantee that the documents are registered with an approved government office, where all the property-related information is kept in a public digital ledger, and the transaction between the two parties takes place. However, anyone with authorization to access these papers may lose, replace or modify them, which risks the protection of property and lands. Blockchain enables us to construct a digital ledger of transactions, events and data secured by a cryptographic algorithm.