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Blockchain System Architecture for Land Registration

Author

Listed:
  • Muhammad Najib Razali
  • Rohaya Abdul Jalil
  • Ainur Zaireen Zainudin
  • Norhidayah Mohd Yunus
  • Azlina Mohd. Yassin

Abstract

Land registration requires complex sensitive data which requires a decentralised environment. Current technology only concentrates on the database storage which is less secure and can be exposed to any misconduct. This is due to the characteristics of the database having problems with unstructured data and non-relational databases. Fraud is one the major problems and is currently a serious problem within the Malaysian land registration system. The blockchain technology creates public ledgers from all complex transactions that have high potential to replace the complicated systems with one simple database. Current practice at the land office has seen the land registration process being very centralised which requires only several persons to validate and authorise the data. Therefore, the need to identify the model of the blockchain technology for land registration is essential. In addition, the foundation of the blockchain technology for the land registration system in Malaysia should be undertaken.

Suggested Citation

  • Muhammad Najib Razali & Rohaya Abdul Jalil & Ainur Zaireen Zainudin & Norhidayah Mohd Yunus & Azlina Mohd. Yassin, 2021. "Blockchain System Architecture for Land Registration," LARES lares-2021-4dqe, Latin American Real Estate Society (LARES).
    • Handle: RePEc:lre:wpaper:lares-2021-4dqe
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    References listed on IDEAS

    as
    1. Peters, Gareth W. & Panayi, Efstathios & Chapelley, Ariane, 2015. "Trends in cryptocurrencies and blockchain technologies: a monetary theory and regulation perspective," Journal of Financial Perspectives, EY Global FS Institute, vol. 3(3), pages 92-113.
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    More about this item

    Keywords

    blockchain; Land; Malaysia; Registration; Technology;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

    NEP fields

    This paper has been announced in the following NEP Reports:

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