Decentralised Land Registration and Transaction with Blockchain and Self-Sovereign Identity
Decentralised Land Registration and Transaction with Blockchain and Self-Sovereign Identity
Pedro C. Henriques,Miguel Correia
Abstract
Land registry systems maintain public records of land ownership, transactions, and property boundaries, offering legal documentation and information on titles and associated rights. However, there are challenges in the security, accuracy, efficiency, and transparency of the current registries. The paper proposes the Decentralised Land Registry (DLR), a system that leverages a permissioned blockchain, Hyperledger Fabric, enabling a secure and controlled environment for land registration and transaction validation. The use of smart contracts ensures consensus and immutability and allows support for legitimate property transactions overseen by registry authorities. Decentralised identities and ownership proofs are issued using a Self-Sovereign Identity approach, leveraging Hyperledger Indy as the ledger and Hyperledger Aries as the agent representing government entities and issuing these credentials. This solution would mark a pivotal shift in land registry systems, revolutionising traditional practices by addressing their limitations and fostering a transparent, reliable, and efficient landscape for managing property rights and transactions.
