Brazil: A very good reason to have a publicly accessed blockchain land registry database
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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.
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