Abstract
This review summarizes the most recent literature on land title administration challenges worldwide. It focuses discussion on five main challenges in land title administration and highlights the significance of blockchain technology in resolving these issues globally, particularly how such technology can improve the efficiency, transparency and security of land records systems, thus making it easier to verify land ownership and transfer of title. Articles that explored the land title phenomena, blockchain technology and discussed the implementation of blockchain in land titles were extracted from the Scopus database between 2015 and 2023. Despite the three main challenges of this technology, adopting blockchain in land title administration can enhance its efficiency, resolve its issues, strengthen regulators’ position and promote investments in land property. Henceforth, this review provides distinct practical contributions in a few ways. Implementing blockchain technology in land title administration can support regulators worldwide through increased transparency and accountability, improved efficiency and cost savings, enhanced security and trust, better data management and analysis and facilitation of cross-border transactions. It can also encourage land property investments worldwide by creating a secure, efficient and transparent land title system that reduces the risk of fraud, errors and corruption.
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Notes
- 1.
Retrieved from https://www.alta.org/media/pdf/CH01.pdf (accessed on 25.02.2023).
- 2.
Retrievedfrom https://www.bakermckenzie.com/-/media/files/insight/publications/2019/02/report_Blockchainandcryptocurrencyreg_feb2019.pdf (accessed on 28.02.2023).
- 3.
Retrieved from https://www.ledgerinsights.com/riskstream-trials-Blockchain-death-notifications-for-life-insurance/ (accessed on 02.03.2023).
- 4.
- 5.
Retrieved from https://cointelegraph.com/news/un-Blockchain-tool-aims-to-improve-land-registry-in-afghanistan-s-cities (accessed on 02.03.2023).
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M., D.H., Liew, C.Y., Rajan, M.E.S. (2024). Land Title Solutions Across The World With Blockchain: A Review. In: Jreisat, A., Mili, M. (eds) Blockchain in Real Estate. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-99-8533-3_12
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