Research Summary: Using Distributed Ledger Technologies to Improve and Maximise the Collection of Property Taxes

Thank you @tomideadeoye for engaging!

If we follow this rubric as explained in @Tony_Siu’s summary “Do you need a blokchain?”, the key point to determine is, “can you use an always online trusted third party?”. Using Nigeria as a case study, the answer to this is NO. The trusted party here (Land Registry) is mostly offline, and in states (Lagos and Abuja) where they are partly digitized, access is still restricted.

As further explained in the summary, the Land Registry can function as a certificate granting authority that also verifies blockchain writers, in this case, local government authorities. This is important because, as you rightly identified, one huge challenge is high cost of due diligence. This high cost could greatly reduce by involving local government authorities and in turn making them blockchain writers.

Often companies implement blockchain when involving tokenization.

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