Publications

05 Oct 18

Is a Blockchain-based conveyance system the next step in the financialisation of housing? The case of Sweden.

Authors: PROSKUROVSKA Anetta, DÖRRY Sabine.

Abstract: This paper investigates the social and economic mechanisms of a blockchain technology in the area of land administration. In particular, it focuses, first, on an emerging blockchain-based solution in Sweden to change and improve its land administration system (LAS), and, second, on the 'upgraded' LAS' potential impacts to create more complex financial derivatives based on land and the built environment. We investigate how these changes influence housing markets at the interface with financial markets and how these changes impact on the economic organisation of the different stakeholders involved in these processes. The argument is developed using the case of Sweden, where Lantmäteriet, a government agency, is pioneering the use of blockchain technology for real-estate conveyance.

Reference: PROSKUROVSKA Anetta, DÖRRY Sabine. Is a Blockchain-based conveyance system the next step in the financialisation of housing? The case of Sweden. LISER, 2018, Working Papers n°2018-17, 48 p.

Keywords:
Blockchain,
land administration systems,
conveyance workflow,
housing,
financialisation

JEL: G28, I30, K11, L14, O43, O52.

Project: Disruption in real estate markets? Blockchain land register implementation in Sweden