Create a publicly accessible, indisputable ledger of information, such as intellectual property rights and land registry. In the period between 2006 and 2015, the Land Registry paid out more than £54 Million in compensation for Property Fraud. With regard to the UK, in November 2015, there were more than 100,000 property transactions and in the financial year 2014-15, there were over 1.2 million residential property transactions with a value of over £40,000. Blockchain technology can speed up the process of registering a property transaction, verify the credentials of parties to a property transaction and verify the titles on a distributed ledger.
ChromAway, having partnered with the Swedish Government to speed up the process of completing a property transaction, claims it is able to reduce the time from the conclusion of the binding contract to registration from around four months to a week.
BitFury has partnered with the Georgian Government to provide land registration services.
Everledger is a permanent register for diamond certification and related transaction history. It provides verification for insurance companies, owners, claimants, and law enforcement. Per the company, £45 billion is lost annually in the US and Europe because of insurance fraud while £100 million is paid out annually in relation to jewellery theft.