A New Approach to Land Registry System in Turkey: Blockchain-Based System Proposal

Abstract

Blockchain is an emerging technology whose extraordinary advantages make it popular. Blockchain applications are not limited to cryptocurrencies; it can be used in many areas, including smart ownership. Blockchain-based land registry systems have great potential thanks to their advantages of high-level security and no intermediary transactions. Although the requirements of land registry systems vary by country, common to all of them are the eye-catching advantages and conveniences that a blockchain-based system brings. We examined the process used in Turkey, which consists of eight steps, identified the participants of the system, and generated a blockchain-based land registry system for Turkey. This article explains that proposed blockchain-based land registry system, configured for the local requirements of Turkey.