Blockchain could bring many advantages to the land registration system in the UK, but many challenges remain. Here, we explore some of those questions, such as how can confidentiality be protected, whether fraud risk can be eliminated completely and what other hurdles need to be overcome.
The UK Land Registry is currently looking into the potential use of blockchain technology as part of its Digital Street project.
This supports the Registry’s aim to “become the world’s leading land registry for speed, simplicity and an open approach to data”.
What advantages could blockchain technology bring to land registration?
Will it make the conveyancing process redundant?
How will it protect confidentiality?
Does it completely eliminate the risk of fraud?
Are there are any other hurdles to overcome?
The future