Land registry system using blockchain

Abstract

Land registry systems are essential for recording property ownership and transactions. Conventional system relies on centralized authorities. It maintains records of land ownership, which usually suffer from inefficiencies, lack of transparency, and susceptibility to fraud. In these systems, the process of transferring land ownership involves a lot of paperwork, lengthy verification procedures, and high transaction costs. It leads to delays and disputes. Blockchain technology offers a solution to address the shortcomings of conventional land registry systems like centralization, transparency, security. The paper proposes a blockchain-based land registration system employed on Ethereum. The smart contract of blockchain are developed in solidity programming language. It enables automated execution of land transactions that ensures trust value among all the stackholders. It eliminates manual intervention and reducing the risk of fraud and errors. Land ownership records are kept on InterPlanetary File System (IPFS) which is used for decentralized file storage. The proposed system promises to improve security, simplify processes, ensure trust among stakeholder. It provide transparent and immutable records of transaction and ownership.