SMART CONTRACT BASED LAND REGISTRATION SYSTEM USING BLOCK CHAIN

Abstract

Block chain 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.