Possible Applications of Smart Contracts in Land Administration

Stefanovic, Miroslav; Ristić, Sonja; Stefanović, Darko; Bojkic, Marko; Pržulj, Đorđe

doi:10.1109/telfor.2018.8611872

Cited by 15 publications

(6 citation statements)

References 7 publications

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“…In [37] blockchain is identified as a technology that could make significant changes in the way land ownership is recorded and how transfers of ownership are managed. In [38], [39], decentralization, immutability, transparency, and smart contracts are identified as benefits that BCT could bring to LAS. Using blockchain architecture in a variety of domains, such as land administration, but also supply chain management, and intellectual rights management is proposed in [40] as a way to remove intermediators and third parties of trust.…”

Section: Literature Reviewmentioning

confidence: 99%

Smart Contract Application for Managing Land Administration System Transactions

et al. 2022

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Land administration systems are of great importance for a large number of stakeholders. One of the key problems related to land administration systems is the problem of the correctness of their state, meaning that data stored in land administration systems are not in concordance with the actual legal, spatial and topographic situation. The main causes of land administration systems' incorrect state are data collection and compilation, data processing, and data misuse. In this paper, we discuss the problems of data tampering, the long time needed for registering land administration system's transactions, and the possibility of double spending, which all can add incorrectness in a land administration system. Our research is based on the hypothesis that these problems may be addressed by means of distributed ledger technology, or to be more precise, by means of blockchain technology. The solution is presented in a form of a smart contract written in Solidity programing language that can cover even those more specific use cases in land administration systems such as sharing of ownership, transferring part of ownership, splitting or merging of real estate, and limiting the possibility of trading a real estate. The proposed smart contract represents an implementation of a programming interface that was created based on both ERC-20 and ERC-721 token standards, to satisfy the specific needs of land administration systems.INDEX TERMS Blockchain, Ethereum, land administration, real estate, smart contract.

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Section: Literature Reviewmentioning

confidence: 99%

Smart Contract Application for Managing Land Administration System Transactions

et al. 2022

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“…Legal validity of a digital signature: The digital signature of the land registry contract requires absolute authenticity, but unfortunately, it is not governed at the Court's legal level Mcmurren et al (2018). Besides, several technical and implementation preparations are required to allow digital signatures for land records Stefanovi et al (2018). 4.…”

Section: Challenges Of Blockchain In the Land Registrymentioning

confidence: 99%

Current Status, Requirements, and Challenges of Blockchain Application in Land Registry

Shuaib

Alam

Ahmed

et al. 2022

International Journal of Information Retrieval Research

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The land registry system is one of the crucial aspects of any government. Proper and reliable land management is essential for economic growth and governance. The traditional land registry model lacks many essential requirements and mired with a different type of malpractices and security concerns. Blockchain technology has been proposed as a possible solution to counter these malpractices and security concerns. Even though there are many advantages of using blockchain in the land registry, still there are some concerns and challenges that need to be reviewed and addressed for successful blockchain implementation in the land registry. This paper reviews the current state of blockchain implementation in the land registry and the existing project being implemented in different countries. It further highlights the requirements, implications and challenges for successfully implementing blockchain in the land registry system. This paper provides a future direction for new implementations.

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“…e automation exhibit in smart contracts avoids most of the wastes and issues found in traditional contracts. Stefanović et al [56] mentioned that smart contracts could improve the transaction registration process and eliminate the possibility of "double spending" in land administration systems. Hasan et al [6] underlined that smart contracts could be used to manage shipment conditions, automate payments, legitimize receiver, and issue a refund if violating the predefined conditions.…”

Section: Rq2 What Are the Benefits Of Smart Contracts Applications In Various Industries From The Procurementmentioning

confidence: 99%

A Review of Smart Contracts Applications in Various Industries: A Procurement Perspective

Chong

Chi

2021

Advances in Civil Engineering

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Smart contracts have been well-received by researchers and practitioners for the unique features of automatic execution, transparency, and nontampering in a blockchain environment. However, little is known about the current development status of knowledge and practice regarding the application of smart contracts in various industries, especially from the procurement perspective. Thus, this paper aims to address the gap with a mixed method of bibliometric analysis and systematic literature review. Based on the evaluation of 174 filtered publications, the review has analyzed the current development status of this research area with its distributions in years and journals, cooperation networks between authors, institutions, and countries, keywords cooccurrence network, and classifications of the application of smart contracts. The results show the application of smart contracts has attracted global attention since 2016 with the Ethereum and Hyperledger fabric as the main platforms in various industries, especially in information communication technology (ICT), public management, supply chain, energy, finance, and healthcare. Various functions and benefits of smart contracts, as well as their potential advantages, have been identified and articulated from the procurement perspective. A research framework has also been developed to highlight future procurement needs in business operations across the industries via an integrated procurement approach of smart contracts.

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Possible Applications of Smart Contracts in Land Administration

Cited by 15 publications

References 7 publications

Smart Contract Application for Managing Land Administration System Transactions

Smart Contract Application for Managing Land Administration System Transactions

Current Status, Requirements, and Challenges of Blockchain Application in Land Registry

A Review of Smart Contracts Applications in Various Industries: A Procurement Perspective

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