Brazil: A very good reason to have a publicly accessed blockchain land registry database
A recent Brazilian study found that all 8 states in Brazil’s Amazon Region failed to meet required transparency criteria and to provide the public with up-to-date land tenure data on public domain lands, contributing to fraud and land disputes.
There already exists a law (The 2011 Law on Access to Public Information – LAI) which mandates that information produced, managed and archived by states concerning all public lands must be readily accessible to the public.
This comprehensive, 118-page study, finds that this isn’t the case. Access to land and property information, especially about the titling process, MUST be a priority for all countries. Blockchain technologies will help pave the way – but there needs to be the “political and social will” to accept, implement and manage change agents.
Here’s the story in English: https://lnkd.in/dNsfgGV
Here’s the link to the study (in Portuguese) “Transparência de Órgãos Fundiários Estaduais
Source: John Dean Markunas,
Principal Consultant at Power of Chain Consultancy who is real estate industry blockchain advisor and business development consultant focussing on global land registries and land governance.
Post available in: English