Blockchain technology for land registry management in developing countries

Blockchain technology provides a secure framework for dealing with digital assets, conducting financial transactions, and managing property information. The traditional process of land registration often suffers from inefficiency and complexity, primarily due to the involvement of multiple intermediaries, which increases the risk of fraudulent land transfers. In developing countries, property records are often not easily accessible, relevant processes are susceptible to corruption, and have a lengthy turn-around time. This not only leads to disputes over land ownership but hinders the economic activity, such as, disused land, legal complications for agricultural loans and mortgages. By leveraging blockchain technologies, land ownerships can be transparent, supporting accessible and trustworthy land transfers with a reduced risk of fraud and corruption. We propose a blockchain based solution to facilitate access to land documents for verifying land ownership prior to transferring funds from a buyer to the seller. The transparent and unalterable public ledger can thus validate and preserve the land transactions.