EXPLORATION DE LA TECHNOLOGIE BLOCKCHAIN POUR LE SECTEUR FONCIER
Context and background In the last few years, Blockchain technology has been taking the world by a storm. While it is true that its success has increased with the emergence of the Bitcoin, the world is becoming increasingly aware that the Blockchain is promising heaps in record keeping and transacti...
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Published in | African journal on land policy and geospatial sciences Vol. 6; no. 4; pp. 738 - 758 |
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Main Authors | , , , |
Format | Journal Article |
Language | French |
Published |
30.09.2023
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Edition | 2367 |
Subjects | |
Online Access | Get full text |
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Summary: | Context and background In the last few years, Blockchain technology has been taking the world by a storm. While it is true that its success has increased with the emergence of the Bitcoin, the world is becoming increasingly aware that the Blockchain is promising heaps in record keeping and transaction management. Land tenure and administration is no exception. Several initiatives have been undertaken to comprehend the extent of Blockchain's potential for land governance system. This paper falls under the scope of that study. Goal and Objectives This paper has set out to understand Blockchain and its operating mechanisms in order to determine its contribution to the issues challenging our land tenure systems. In addition, this study has also strived to delimit a framework for the Blockchain implementation in the land sector and create models of this implementation on various levels. Methodology This research and its findings are based on bibliographic research, a benchmark analysis as well as expert opinions and consultations. Results Land governance is an interesting field of deployment for Blockchain. Indeed, the technology can replace traditional record keeping methods, such as written registries and databases, to manage and track records and documentation insuring they remain unchanged and authentic. It also allows different stakeholders to work together in an automated and efficient framework involving smart contracts and unique digital signatures. Moreover, it can also redefine property into digital tokens exchangeable on the Blockchain. With the careful analysis of the framework of its implementation, Blockchain is as capable of improving current systems and addressing their issues and complicated procedures, as it is of completely redefining their visions and pushing process reengineering. In both cases, Blockchain is an IT solution that reinforces land security and responds to requirements of land systems that traditional solutions still fail to meet. |
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ISSN: | 2657-2664 2657-2664 |
DOI: | 10.22004/ag.econ.345105 |