A Blockchain Based Land Registration System Proposal for Turkey

Although the popularity of Blockchain is thought to increase with the appeal of Bitcoin, this technology promises much more. The eye-catching advantages of Blockchain technology are the high level of security it provides, transparency, and allowing stakeholders to trade without the need of any intermediaries. Land registration systems are also one of the areas with high potential where Blockchain technology can be used. When we look at the examples from all over the world, we see that countries have started to update their current land registration processes to be Blockchain-based. Considering the local land registration process in Turkey; some serious problems are observed like the number of physical transactions is quite high and the fact that property sale prices declared to land registry office lower than it actually is to avoid the increment value tax. Therefore, a Blockchain-based solution has been prepared suitable for use in Tukey. In order to this; the land registration process, which took place in eight steps, was analyzed, system participants were identified, and an application was developed using the selected smart contract infrastructure. In this paper, these steps of developing a Blockchain-based land registration system for Turkey will be explained.