Blockchain-based adoption framework for authentic land registry system in Malaysia
Blockchain-based adoption framework for authentic land registry system in Malaysia
Abdulaziz Aborujilah,M. H. M. Yatim,A. Othmani
TLDR
There is a need to form an agreed-upon blockchain development platform that meets the legal constraints and the main challenges of adopting this technology such as expertise shortage of software developers, implementation difficulties due to scalability of the land transactions, data sharing with different types of blockchain, and lack of security attack resistance.
Abstract
Land registration systems are very essential for property ownership management. The exited land registry systems are less efficient and time-consuming and expose to human errors. By using blockchain technology, most of the principles of good governance in land administration such as transparency and efficiency can be fulfilled. However, there is a lack of experience in developing blockchain-based land registry systems. This paper proposes a blockchain-based adoption framework for land registry management in Malaysia. It elaborates more on developing a prototype that fulfills the main functions of current land registration by using smart contract functionalities. Finally, this paper illustrates the main challenges of adopting this technology such as expertise shortage of software developers, implementation difficulties due to scalability of the land transactions, data sharing with different types of blockchain, and lack of security attack resistance. Therefore, there is a need to form an agreed-upon blockchain development platform that meets the legal constraints.
