IS BLOCKCHAIN TECHNOLOGY THE FUTURE OF LAND REGISTRY DIGITALIZATION?

Abstract

The paper gives an overview of the fundamental features of blockchain
technology and analyses the possibility of its application in the land registry system. The authors consider whether blockchain technology can improve the security and transparency of the land registry system, ensure data integrity, accelerate and facilitate the transfer of real property rights and registration process, whether blockchain can offer something different from technologies already tested in land registry systems and whether this technological solution can change the way land registers perform their functions. This paper gives an overview of positive trends and results, primarily the example of Estonia, which has gone the farthest in applying blockchain technology in public administration and digital society, as well as the example of Sweden, but also examples of Georgia, Dubai, Honduras, Brazil. Finally, the authors consider the possibility and justification of introducing blockchain technology in the Croatian real estate register.