A Blockchain Solution for Securing Real Property Transactions: A Case Study for Serbia

The origins of digital money and blockchain technology goes back to the 1980s, but in last decade, gained large popularity financial sector with appearance cryptocurrencies such as Bitcoin. However, recently, many other fields application have been recognized, particularly development smart contracts. Among them is possible domain land administration, mostly a tool for transparency developing countries means fight corruption. developed also find interest launching pilot projects test their applicability administration reasons increase speed reduce costs real property transactions through more secure environment. In this paper, we analyse how are handled Serbian process may be supported by modern ledger technologies blockchain. order could implemented support information systems (LIS), it necessary understand cadastral processes LIS, well legislative organizational aspects LIS. Transactions cadastre comprise actors utilize both alphanumeric (descriptive or legal) data geospatial about boundaries on map. Based determined requirements blockchain-based propose system architecture its implementation. Such keeps track LIS an immutable tamper-proof manner security consequently transactions, efficiency, integrity without significant impact existing laws regulations. anticipated permissioned public top Ethereum network.