Integration of Blockchain Technology into a Land Registration System for Immutable Traceability: A Casestudy of Georgia

摘要

Land as an immovable property represents an important asset for which such crucial aspects evolve as ownership rights, security of land records, possible disputes, corruption risks and sundry transparency matters of land registry processes. Critical issues are trace-ability of records, hazards of document forgery as well as vulnerability to various errors. Delivering accountable land registry systems and particularly increasing validity of land titles is vital for present-day governments in terms of suppressing corruption, eliminating red tape, enhancing transparency, improving speed of the stated public service and eradicating risks of possible disputes. Furthermore, integration of the blockchain technology into land registries leads to achieving a disruptive transformation of public-service provision systems. This Georgia focused casestudy-based research ascertains how blockchain technology resolves the issues above concerning contemporary land registry systems and examines determinants for a successful application of the digital novelty. The findings from semi-structured interviews and document studies we analyze and scrutinize the present blockchain model of the Georgian government. Additionally, we provide recommendations for administering the blockchain-based digital solutions present in the public land registry service-provision system.