President of YAFO Institute, Nathaniel Dwamena, has bemoaned the difficulties involved in land administration.
He stated that several individuals are scared of purchasing land and other properties due to fraud and litigations resulting from the challenges involved in the validation process of determining the rightful owners.
To address these challenges, he has proposed the use of blockchain technology.
He opined that persons interested in purchasing land, owners, and government agencies can use this technology in the registration, valuation, and validation of land properties to determine the rightful owners.
Nathaniel Dwamena, an advocate for the use of blockchain technology, lamented that land administration has been a major challenge over the years, leading to litigations over rightful ownership.
He identified the falsification of documents, land records, and difficulty in authenticating the true owners.
However, he proposed that blockchain technology, if well implemented, will help address the issue of falsification, unauthorized modification of records, and other challenges.
He explained that stakeholders can deploy the use of blockchain technology using a smart contract where a non-fungible token can be used to represent land properties as a digital asset that can be traded on the proposed solution.
Nathaniel Dwamena stated that this solution assures integrity and transparency in land administration.
He was speaking on the sidelines of the Decentralised Business Summit held on February 22, 2025, which provided hands-on practical lessons, practical implementation, networking, and collaboration on protecting business capital, stable coins, and cryptocurrency payments, blockchain technology, among others.
“When it comes to land registration in Ghana, it is a very opaque process. The person who wants to buy land doesn’t know the owner. It is a very difficult process. It is also costly when you are trying to just know the owner of a land just to buy your land from. These technologies are trying to document things and make things more open and transparent so that you can have a very good land registry that is open to the public, which is transparent, and everybody at all can easily transact or transfer properties with ease.
These are some of the solutions blockchain technology is bringing to our world today, and so there are a lot of innovations in the system that are tackling that, like the Landano project. These are people who are trying to mint the digital or reward assets on the blockchain technology, and once that is done, it is very secure. Once you see the digital asset, you see the owner, and you can engage the owner to rally and acquire the reward asset, and that way, it is immutable because once you put it on the blockchain, nobody can come back and tamper with it and change it.”
By: Rainbowradioonline.com/Ghana
