Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry

closed

The main objective of this TC is to implement three blockchain pilot projects in Bolivia, Paraguay and Peru, where the Bank has executed and/or is currently executing rural land titling projects (Rural Land Regularization and Titling Program - 37222/BL-BO and Rural land Titling and Registration Project in Peru - 3370/OC-PE). The expected results of the TC include the following: (i) to prove that blockchain technology is fit to solve the problem of land titling and registry; (ii) develop a thorough understanding of the legal matters related to the application of blockchain technology to land titling and registry; (iii) identify the information technology requirements to implement the blockchain solution to land titling and registry; (iv) to understand the technology and process integration with existing land titling and registry systems; (v) to understand the blockchain governance required (incentives and coordination) to implement the proposed solution; and (v) to understand the costs and benefits of the application of blockchain technology to land titling and registry.