Download This PaperIs a Blockchain-Based Conveyance System the Next Step in the Financialisation of Housing?: The Case of Sweden
Luxembourg Institute of Socio-Economic Research (LISER) Working Paper Series 2018-17
48 Pages Posted: 8 Nov 2018
Date Written: September 2018
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.
Keywords: Blockchain, Land Administration Systems, Conveyance Workflow, Housing, Financialisation
JEL Classification: G28, I30, K11, L14, O43, O52
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