Study to Evaluate Blockchain-Based Real Property Lease and Title Recordation and Verification
Maryland establishes pilot program to test blockchain technology for recording real property titles through state assessments department.
Maryland establishes pilot program to test blockchain technology for recording real property titles through state assessments department.
SB 168 establishes a pilot program within Maryland's Department of Assessments and Taxation to explore blockchain technology for recording and managing real property titles. The bill authorizes the department to test distributed ledger technology as an alternative or supplement to the current paper-based and digital recording systems for property ownership documentation.
Real property titles are foundational legal documents affecting property sales, mortgages, tax assessments, and dispute resolution. If successful, blockchain-based titling could potentially reduce fraud, streamline transactions, lower costs, and improve record accessibility—though implementation in a government context involves significant technical and legal complexity. Maryland would be among the first states to formally pilot such a system at scale.
Compiled from official sources — confirm details with the bill’s official record.
Sign in to ask a question.