Blockchain is a technology that allows information to be stored and shared in a decentralized, transparent and secure way. It showcases several real-world use cases, including:
Financial transactions: Blockchain can be used to transfer funds quickly, transparently and securely without the need for intermediaries such as banks.
Smartcontracts: the blockchain makes it possible to create stand-alone contracts that automatically execute once all conditions are met. This can reduce transaction costs and avoid disputes.
Supply chain management: Blockchain can be used to track products through the supply chain, ensuring product transparency and traceability.
Governance and Democracy: Blockchain can be used to ensure the integrity of votes in elections and polls, and to enable direct citizen participation in democratic processes.
Protection of personal data: Blockchain can be used to store personal data in a secure and transparent way, allowing users to control who can access their data and how it is used.
Intellectual property: Blockchain can be used to create intellectual property registries that track copyrights, patents, and trademarks transparently and securely.
Healthcare: Blockchain can be used to store and share electronic medical records, ensuring healthcare information is accessible to authorized healthcare professionals and allowing patients to control who can access their data.
These examples show how blockchain can be used in very different areas to solve real problems and improve the transparency, security and efficiency of existing processes. There is indeed a very important sector that can prevent a lot of litigation between individuals, especially in African countries whose land disputes are on a daily basis sometimes even causing civil conflicts. Blockchain can be used for land ownership management, creating a public and immutable register of title deeds that can be viewed by all actors involved in land management, such as landlords, potential buyers, real estate agents , notaries and governments. This registry helps ensure the accuracy of property information, reduces the risk of fraud, and simplifies the property transfer process. As part of the use of blockchain for land ownership, each property would be registered as a ''token'' on a public blockchain. Each token would contain information such as property address, land size, property description, zoning restrictions, encumbrances and relevant legal ties. Real estate transactions would also be recorded on the blockchain, including property transfers, leases and mortgages.
The benefits of using blockchain for land ownership are numerous. First, it helps ensure the transparency and integrity of land records by eliminating the risk of human error and fraud. Additionally, blockchain helps reduce the costs and time associated with property transfer processes by automating processes and cutting out middlemen. Finally, blockchain offers full traceability of land transactions, which can help prevent disputes and resolve disputes more quickly. Several projects have been launched to use blockchain for land ownership. For example, the city of Dubai's land ownership blockchain project, called "Real Estate Self Transaction" (REST), allows buyers and sellers of properties to conduct direct and secure transactions, without the need for intermediaries. such as real estate agents and banks. Other initiatives have also been launched in countries such as Ghana, Honduras and Georgia.
Blockchain technology increases information security and assures users of the authenticity of their land holdings. Also, by offering a tamper-proof solution, the blockchain would allow States to set up a guarantee of ownership, protected from any corruption or embezzlement.
