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Property (Land) Registration Management using Blockchain in Nigeria
| Communications on Applied Electronics |
| Foundation of Computer Science (FCS), NY, USA |
| Volume 7 - Number 40 |
| Year of Publication: 2024 |
| Authors: A. Festus Osuolale, Ojebiyi David-Daniel, Seriki Oluwasogo |
10.5120/cae2024652904
|
A. Festus Osuolale, Ojebiyi David-Daniel, Seriki Oluwasogo . Property (Land) Registration Management using Blockchain in Nigeria. Communications on Applied Electronics. 7, 40 ( Aug 2024), 1-10. DOI=10.5120/cae2024652904
Abstract
Blockchain technology, renowned for its decentralised and secure nature, has emerged as a transformative solution for various industries. This paper delves into the potential application of blockchain in property registration management, aiming to enhance transparency, security, and efficiency within the real estate sector. The study investigates how blockchain's distributed ledger can eliminate discrepancies and streamline the property registration process, offering a tamper-resistant and transparent record of ownership. The research focuses on case studies and pilot programs implementing blockchain-based property registration systems. By analyzing these initiatives, the paper aims to evaluate the effectiveness of blockchain in reducing fraud, minimizing bureaucratic hurdles, and expediting the overall registration process. Additionally, the study addresses potential challenges and considerations in adopting blockchain for property registration, providing insights into regulatory frameworks and scalability issues. In conclusion, this paper contributes to the growing body of knowledge on the practical implementation of blockchain technology in real-world scenarios. The findings underscore the promising impact of blockchain on property registration management, emphasizing its potential to revolutionize traditional practices and pave the way for a more secure and efficient real estate ecosystem.
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