Blockchain Based Land Registry System Using Ethereum Blockchain
Blockchain Based Land Registry System Using Ethereum Blockchain
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Article in Xi'an Jianzhu Keji Daxue Xuebao/Journal of Xi'an University of Architecture & Technology · April 2020
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Shadab Ansari
Department of Computer Science & Engineering
ABES Institute of Technology, Ghaziabad, Uttar Pradesh, India
Sneha Jain
Department of Computer Science & Engineering
ABES Institute of Technology, Ghaziabad, Uttar Pradesh, India
Saksham Sachdeva
Department of Computer Science & Engineering
ABES Institute of Technology, Ghaziabad, Uttar Pradesh, India
Abstract- Land registry in India as well as in many parts of the world is very slow and cumbersome process. There are
also many intermediaries involved in the process of land registration. Developing a system that not only accelerate the
process of land registration, but also make it easier for Buyers, Sellers and Government registrars to transfer the land
ownership from seller to a new buyer, is only possible by creating a distributed system that store all the transactions made
during the process of land buying. In this paper we’ll try to explore the possibilities and problems solved by using a
blockchain based system for land ownership transfer. The system that we are trying to implement is based on Ethereum
Blockchain that will store all the transactions made during the process of land ownership transfer. Using the concept of
smart contracts of blockchain technology we can triggers various events like access of land documents to a land inspector
and fund transfer event from buyer to seller after successful verification of the land ownership transfer. This system will
solve the problems faced by all the three parties during the land registration and will also remove the intermediaries like
property dealers. This system makes the process of land registration resilient and decrease the cases of fraud in the
process. Using the system, validation of the lands is also possible as immutable transactions are being stored in the public
ledger.
Keywords – Ethereum (ETH), Blockchain (BC), Cryptography (CRYP), Ledger (LED), Distributed Transaction (DT),
Land Registration (LR)
I. INTRODUCTION
For land, being a high-valued asset, it is very important to have accurate records which identify the current owner
and provide the proof that he is indeed a owner. These records can be used to:
a) protect owner’s rights
b) prevent sale frauds
c) resolve disputes
Hence Ethereum is best suited for creating a ledger that stores transactions during the land ownership transfer
process. The aim is to create a ledger along with some smart contracts that will triggers the various events that are
going to happen on the system during the process of ownership transfer.[10][11][17]
b) Preparing stamp paper: To execute property transaction and related documents like conveyance deed, sale
deed and sale agreement, a fee has to be paid to the government. It is called stamp duty. You need to get the stamp
paper from authorized vendors.
c) Execution of the deed: The deed must be executed at the Registrar’s office and both the parties have to be
presented to duly sign the documents. If anyone of the parties either seller or purchaser is not available, then a Power
of Attorney can be given to proceed with the execution.
d) Registration: As a final step, once all the documents are reviewed and found to be perfect, the land will be
registered. Personal documents like PAN, Aadhar, etc. Unlike residential and commercial buildings, for land, there is
no field inspection by the authorities.[13]
There are following challenges involved in current land registration process:
2.1. The Involvement of middlemen and brokers
Middlemen and brokers are the crucial part of every big business as they know more about market offerings.
Buyers and Sellers usually prefer to take help from these to get reliable support as a result, buyers acquire a deeper
understanding of the market and identify lower/higher prices for the transaction. Middlemen gather required
information from traders, identify errors, interpret and facilitate the implementation of real estate transactions, since
real estate is big business, it involves a huge number of players, including brokers, lenders, intermediaries and local
governments. It leads to additional costs, making the entire ecosystem expensive.
2.2. The increasing number of fraud cases
There have been several cases of impersonators posing as the seller of a property. If an impersonator successfully
pretends as a property owner, they may receive the full amount of after completion and escape with the funds. In
many of the cases, both sellers and buyers were unaware of the fraud until discovered by the land registry as part of a
spot check exercise.
2.3. Time Delays
There have been several cases of imposters posing as the seller of a property. If an imposter successfully pretends
as a property owner, they may receive the full amount of after completion and escape with the funds. In many of the
cases, both sellers and buyers were unaware of the fraud until discovered by the land registry as part of a spot check
exercise.[14]
Step 4: Sellers approve the transfer request and land inspector gets the notification:
If the seller approves the land ownership transfer request, the land inspector gets the notification to initiate the
transfer of property. Smart contracts trigger to provide land documents’ access to the land inspector.
After the land inspector verifies the documents, they schedule the meeting for ownership transfer with buyer and
seller.
The meeting record is also added to the blockchain to solve property related disputes if occur in the future.
land.area = area ;
land.owner = owner ;
land.addr = addr ;
land.verificationStatus = vs;
}
}
usery.ty = ty;
usery.addr = addr;
usery.isverified = isverified;
}
}
• Documents signed:
Once the buyer and seller sign the documents about successful land purchase. The corresponding transaction
about the signed documents along with new ownership of land gets stored in the blockchain.
All the above transactions will be stored in a ethereum blockchain and can be further useful, if there is any
disputes regarding a particular piece of land or anything.
Thereby making a digital, immutable record system for lands.[3][6]
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