Add Brazil to the list of countries turning to block chain for deed management. In the wake of a massive fraud scandal, Brazil’s state-run technology company Serpo is pitching blockchain as the solution to the nation’s titling problems. The hope is blockchain can reduce fraud in a country where much of the population lacks property rights. (Reuters).
They key facts: Tracking property — whether it’s properties or global supply chain management — is one of the most popular uses for blockchain technology. Blockchain’s immutable trust is particularly useful in Brazil, which needs to build trust into the system.
The big question: Tracking property deeds using blockchain technology would be a huge step forward for Brazil. But it doesn’t solve one big problem — who owns the land in the first place. If Brazil is going to rebuild trust in the system, it will need to address this issue as well.