Block-chain based property registry

Block-chain based property registry

Category:
User Experience

Net4Age Ontology Terms:
autonomy , housing , interoperability , people , place , technology , usability

Description:

The use case aims to solve South Africa's titling problem by developing a blockchain solution that allows data to be stored in a decentralised, secure database which can be updated without any loss of historic data. The vision is to integrate this record into the Deeds Registry and unlock access to mortgages and other benefits for beneficiaries of the South African government's Reconstruction and Development Programme (RDP).

Overview: 
The use case aims to solve South Africa's titling problem by developing a blockchain solution that allows data to be stored in a decentralised, secure database which can be updated without any loss of historic data. The vision is to integrate this record into the Deeds Registry and unlock access to mortgages and other benefits for beneficiaries of the South African government's Reconstruction and Development Programme (RDP).In partnership with The Centre for Affordable Housing Finance in Africa (CAHF), a not-for-profit company with a vision for an enabled affordable housing finance system in countries throughout Africa and 71point4, a strategic research consultancy specialising in consumer-focused, data-driven research in potentially transformative sectors, including housing, financial services and healthcare. This is the first working example of a blockchain-based property registry in South Africa.A register of property owners was compiled over a 2-month period via door to door visits to gather ownership data and capture supporting documents. This information was then fed into the Seso Global platform. The Transaction Support Centre (TSC), a walk-in housing advice office, utilizes the Seso platform and citizens can access the services in person.The Seso app allows users to manage their documentation and transactions digitally.In addition to the registry function, the Seso platform documents purchase and sale transactions and integrates with third parties to enable land services such as mortgages and conveyancing.

Objectives: 
Create a digital process to enable the registration of title deeds.Create an immutable record of property owners.Utilise the Seso platform to facilitate and record purchase and sale transactions, and out of deceased estates.Integrate with third parties who facilitate transactions, including mortgage lenders.

Initiatives: 
Innovative service filling a need for a local area.
Shortcomings: 
Focus on Title Deed Registration only with relevance to a very local area and geographical environment. There is no indication of how accessible the App is, for example, for older adults.
Relevance: 
1
Relevance Description: 
None - no indication on usefulness for different populations e.g. older adults.
Quality: 
2
Opinion: 
This has relevance to a local area that is not very transferable to a European setting. It doesn't indicate the usability of the App that they use and therefore not clear if it is easily used by older people
Overlap: 
No
Overlap Detail: 
Sources: 
https://seso.global/aboutus/index.php/2020/07/10/blockchain-based-property-register/
Keywords: 
Blockchain, Decentralised, Property Registry; Title Deeds.
Email: 
helen.kelly@ucc.ie