A New Model of Digital Security Offering (DSO) in Blockchain Technology for Improving Land Registration System in Malaysia

Muhammad Najib Azali, Ainur Zaireen Zainuddin, Rohaya Abdul Jalil and Norhidayah Mohd Yunus

ERES from European Real Estate Society (ERES)

Abstract: Land registration requires complex of sensitive data which require decentralise environment. As land registration system requires complexities and challenges in term of land tenure security at high risk scale, the security level of land registration system need to be put at the highest level. Fraud is one the major problem as well as long process problem. This is due to the centralised transaction system which resulted bottlenecks at the processing system. The blockchain technology by using Digital Security Offering (DSO) able to create public ledgers from all complex transactions that has high potential to replace the complicated systems with one simple database. Therefore, objectives of this research are (1) To identify characteristics in blockchain technology by using DSO for the land registration system in Malaysia (2) To investigate the blockchain technology by using DSO that is able to solve the problems in the Malaysian land registration system. By using systematic literature approach, this paper will assess the innovative method to enhance land registration system in Malaysia. The innovation in land registration system will bring Malaysia meet the challenge in digital economy in Industrial Revolution 4.0.

Keywords: blockchain; Land; Malaysia; Technology (search for similar items in EconPapers)
JEL-codes: R3 (search for similar items in EconPapers)
Date: 2021-01-01
New Economics Papers: this item is included in nep-isf, nep-pay and nep-sea
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