Mats Snäll
Chief Digital Officer, The Swedish Land Registry
«Blockchain in Swedish Land Administration»
Why do Lantmäteriet, the Swedish Mapping, Cadaster and Land Registration Authority, take an interest in the blockchain technology? It is all about trust. The Swedish land administration has built a strong and solid system of trust when it comes to land records, land formation and cadastral services. It has earned trust since the late 16th century and today all of Sweden is mapped and registered regarding land parcels, addresses and real property owners, rights and more. The administration has always followed the technical and theoretical trends in order to update and upgrade its systems. Since the last decades the technical solution is centralized data bases, web services, digitized processes and even auto-decisions.
In order to keep the principles of transparency and security and to be in the frontline to upgrade the system of trust the Lantmäteriet has now become aware of the next generation of technology – the blockchain. The promises of what the blockchain may do for our businesses is great and in order to understand it Lantmäteriet has started an innovation project.
The innovation project is trying the thesis about having the blockchain support the process of a real property purchase from the start to the end with smart contracts, transparency, mortgaging and land registration. The project is in the third phase and both answers and questions are still given.
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