Honduras: end of land title fraud, thanks to blockchain technology.

Here is an additional proof, if still necessary, of the virtues and qualities of a disruptive technology, which revolutionary nature we still scarcely envision: the blockchain technology.

We already spoke about the applications of this technology in Ghana, where communities could now defend their property titles thanks to an on-chain cadastral register containing tamper-proof identification data for each legitimately owned land, such as GPS coordinates, satellite photos, identifiers…

A similar project is envisioned in Honduras: a start-up has a project which could secure a cadastral register based on the blockchain. This important innovation aims to curb a scourge well known by a significant and underprivileged part of the population: land title fraud, which is common in this country plagued with endemic corruption.

Note that this case reveals all the weaknesses of centralized databases: ill-intentioned bureaucrats could infiltrate the old cadastral register and illegitimately seize seaside properties! Conversely, a peer-to-peer network guarantees for its users maximum security as well as a seamless protection of their property title, protected by encryption on a decentralized network, transparent and invulnerable to piracy.

These are the advantages of blockchain when using this technology as a public official register: in any event, it’s one of its most promising applications. In the future, it should come as no surprise that more and more governments and administrations are considering this use in order to simplify their organization, consolidate their IT protection and improve their transparency and public image…