{"id":1372,"date":"2017-10-12T04:19:40","date_gmt":"2017-10-12T04:19:40","guid":{"rendered":"http:\/\/www.talkcrypto.org\/blog\/?p=1372"},"modified":"2023-06-10T23:03:27","modified_gmt":"2023-06-10T11:03:27","slug":"putting-nz-land-titles-on-the-blockchain","status":"publish","type":"post","link":"https:\/\/www.talkcrypto.org\/blog\/2017\/10\/12\/putting-nz-land-titles-on-the-blockchain\/","title":{"rendered":"Putting NZ land titles on the blockchain"},"content":{"rendered":"<p>True story. My mum came to me about 2 months ago and asked &#8220;How can I prove that I own my own house?&#8221; At that moment, I actually didn&#8217;t know. It was a black box that my &#8220;lawyer&#8221; handles but having heard a lot about land titles and the blockchain I decided to investigate this further.<\/p>\n<p>I called up Land Information New Zealand (LINZ) and discovered they had this <a href=\"https:\/\/data.linz.govt.nz\/\" target=\"_blank\" rel=\"noopener\">LINZ Data Service<\/a> that could be used to find owners of property.&nbsp; This gives you a proof of property but to get an official document you have to order what&#8217;s called a &#8220;<a href=\"http:\/\/www.linz.govt.nz\/land\/land-records\/order-title\" target=\"_blank\" rel=\"noopener\">Certificate of Title<\/a>&#8220;.<\/p>\n<p>This cost $15 and it can be delivered via email or via post. This is not certified however. To have it certified, it must be received by post, then a letter requesting it to be certified included and sent back to LINZ. It costs a further $11. Doesn&#8217;t make sense right?<\/p>\n<p>To make a change to the title, a <a href=\"http:\/\/www.linz.govt.nz\/land\/land-registration\/manual-dealings\/how-make-manual-lodgement\" target=\"_blank\" rel=\"noopener\">manual lodgement<\/a> is required. It takes 8-10 working days and $176 and $88 for resubmission. (rejected or requisition)<\/p>\n<p>With all the attention around blockchains, I decided to order a title for my mum, and then put that title on the blockchain. In the video presentation I hadn&#8217;t received the certificate of title yet so I just hashed a pretend certificate but the principles are the same.<\/p>\n<p><iframe title=\"Land Titles On The Blockchain\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/kAvKPEYMepU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>What I learnt was that putting the file on the blockchain was not that difficult. The challenge lies in everything else. Bringing this to reality will require much more effort and I&#8217;ve been told that the system in NZ is actually pretty good compared to other countries. The old adage &#8220;if it ain&#8217;t broken don&#8217;t fix it&#8221; springs to mind.<\/p>\n<p>It feels like there are particular use cases where this could be useful in NZ but it&#8217;s in countries overseas where land registry systems are almost non existent that it seems to benefit the most.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>True story. My mum came to me about 2 months<\/p>\n","protected":false},"author":1,"featured_media":1446,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,37],"tags":[],"class_list":["post-1372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-featured"],"featured_image_urls":{"full":["https:\/\/www.talkcrypto.org\/blog\/wp-content\/uploads\/2017\/10\/landtitles300.jpg",300,183,false],"thumbnail":["https:\/\/www.talkcrypto.org\/blog\/wp-content\/uploads\/2017\/10\/landtitles300-150x150.jpg",150,150,true],"medium":["https:\/\/www.talkcrypto.org\/blog\/wp-content\/uploads\/2017\/10\/landtitles300-300x183.jpg",300,183,true],"medium_large":["https:\/\/www.talkcrypto.org\/blog\/wp-content\/uploads\/2017\/10\/landtitles300.jpg",300,183,false],"large":["https:\/\/www.talkcrypto.org\/blog\/wp-content\/uploads\/2017\/10\/landtitles300.jpg",300,183,false],"1536x1536":["https:\/\/www.talkcrypto.org\/blog\/wp-content\/uploads\/2017\/10\/landtitles300.jpg",300,183,false],"2048x2048":["https:\/\/www.talkcrypto.org\/blog\/wp-content\/uploads\/2017\/10\/landtitles300.jpg",300,183,false],"chromenews-featured":["https:\/\/www.talkcrypto.org\/blog\/wp-content\/uploads\/2017\/10\/landtitles300.jpg",300,183,false],"chromenews-large":["https:\/\/www.talkcrypto.org\/blog\/wp-content\/uploads\/2017\/10\/landtitles300.jpg",300,183,false],"chromenews-medium":["https:\/\/www.talkcrypto.org\/blog\/wp-content\/uploads\/2017\/10\/landtitles300.jpg",300,183,false]},"author_info":{"info":["seandotau"]},"category_info":"<a href=\"https:\/\/www.talkcrypto.org\/blog\/category\/blockchain\/\" rel=\"category tag\">Blockchain<\/a> <a href=\"https:\/\/www.talkcrypto.org\/blog\/category\/featured\/\" rel=\"category tag\">Featured<\/a>","tag_info":"Featured","comment_count":"0","_links":{"self":[{"href":"https:\/\/www.talkcrypto.org\/blog\/wp-json\/wp\/v2\/posts\/1372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.talkcrypto.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.talkcrypto.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.talkcrypto.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.talkcrypto.org\/blog\/wp-json\/wp\/v2\/comments?post=1372"}],"version-history":[{"count":6,"href":"https:\/\/www.talkcrypto.org\/blog\/wp-json\/wp\/v2\/posts\/1372\/revisions"}],"predecessor-version":[{"id":3202,"href":"https:\/\/www.talkcrypto.org\/blog\/wp-json\/wp\/v2\/posts\/1372\/revisions\/3202"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.talkcrypto.org\/blog\/wp-json\/wp\/v2\/media\/1446"}],"wp:attachment":[{"href":"https:\/\/www.talkcrypto.org\/blog\/wp-json\/wp\/v2\/media?parent=1372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.talkcrypto.org\/blog\/wp-json\/wp\/v2\/categories?post=1372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.talkcrypto.org\/blog\/wp-json\/wp\/v2\/tags?post=1372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}