73

5 ^{Digitized Land}

Registration Using

Blockchain Technology

P Vinothiyalakshmi, C Muralidharan,

Y Mohamed Sirajudeen and R Anitha

CONTENTS

5.1

Introduction to Blockchain Technology.......................................................... 74

5.1.1 Components of Blockchain.................................................................. 74

5.2

Characteristics of Blockchain Technology......................................................75

5.2.1 Distributed Ledger...............................................................................75

5.2.2 Digitalization.......................................................................................75

5.2.3 Updated Near Real-Time.....................................................................75

5.2.4 Chronological and Timestamped.........................................................76

5.2.5 Sealed with Cryptography...................................................................76

5.2.6 Irreversible as Well as Auditable.........................................................76

5.2.7 Transparency........................................................................................76

5.2.8 Limited Third Parties..........................................................................76

5.3

Peer-to-Peer Technology..................................................................................77

5.3.1 Peer-to-Peer Network in Blockchain...................................................77

5.3.2 Advantages of P2P in Blockchains......................................................77

5.3.3 Limitations of P2P in Blockchains......................................................77

5.4

Usage of Blockchain Technology in Land Registration..................................78

5.4.1 Challenges of the Land Registration Process......................................78

5.4.2 Blockchain on Land Registration........................................................78

5.5

Existing Land Registration System.................................................................79

5.6

Digital Land Registration System....................................................................80

5.6.1 Actors of Digitalized Blockchain Technology-enabled Land

Registration System.............................................................................82

5.7

Working Principles of Digitalized Land Registration System Using

Blockchain Technology...................................................................................83

5.8

Conclusion.......................................................................................................83

References.................................................................................................................84

DOI:  10.1201/9781003138082-5