Hybrid Property Ledger Architecture for Secure Ownership Recordation
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Solution Overview
Problem
Current property registries are fragmented, inefficient, prone to errors and fraud, and lack interoperability, leading to difficulties in securely managing property ownership and transactions, particularly in jurisdictions with manual or outdated systems.
Innovation Solution
A multi-layered hybrid distributed ledger architecture comprising a public, federated, and private layer, where each layer manages different types of property information, ensuring secure, immutable, and trustless recordation of property records, using smart contracts and copyforward to manage ownership and rights.
Engineering Contradictions & Design Principles
Engineering Contradiction Analysis
1Reliability
If traditional centralized property registries are used, then ease of operation is maintained, but security and reliability are compromised due to fraud and errors
Solution Approach 1:
The system segments property information into different types (identification information, ownership information, transaction-related documents) and stores them in separate distributed ledger layers, with each layer managed by different network participants and having different consensus rules. This segmentation allows the system to achieve high security and reliability through distributed consensus while managing complexity by organizing data into distinct, purpose-specific layers.
2Productivity
If manual property registration systems are used, then device complexity is low, but productivity and efficiency are reduced
Solution Approach 1:
The distributed ledger system enables self-service property registration and transaction recording through automated consensus mechanisms. Network participants independently validate and record transactions without requiring manual intervention from central authorities, thereby significantly improving productivity and efficiency while the automated nature of the system manages operational complexity.
3Adaptability or versatility
If fragmented local registries are used, then ease of operation is maintained, but interoperability and adaptability are limited
Solution Approach 1:
The distributed ledger system provides universal interoperability by enabling different types of property information to be recorded across multiple ledger layers that can communicate and reference each other. The system can handle various property types (real estate, personal property, intellectual property) and transaction formats within a single unified architecture, achieving adaptability and versatility while managing complexity through standardized interfaces between layers.
4Reliability
If centralized control is used, then ease of operation is maintained, but reliability and security are compromised
Solution Approach 1:
The distributed ledger network acts as an intermediary between property participants, replacing centralized control with a decentralized consensus mechanism. Multiple network participants collectively validate and record transactions through cryptographic proof and consensus rules, achieving trustlessness and reliability while the automated consensus protocol manages operational simplicity without requiring centralized coordination.
Data Source
AI summary
To manage property records using a multi-layered hybrid distributed ledger architecture, identification information for a particular property is obtained and transmitted to at least one participant in a public distributed ledger network for a public distributed ledger layer. Ownership information for the same particular property is obtained and transmitted to at least one participant in a federated distributed ledger network for a federated distributed ledger layer. Transaction-related documents for the same particular property are obtained and transmitted to at least one participant in a private distributed ledger network for a private distributed ledger. The distributed ledger layers are different layers of a property distributed ledger each having a separate set of consensus rules for appending distributed ledger data to the respective layer. This allows for the immutable preservation of royalty terms and conditions for a property or asset using the distributed ledger.


