Today, the land registry system in Honduras is controlled and updated by government officials. The closed nature of the system means that the data are not secured and are thus susceptible to manipulation. The same applies to many similar government ledgers around the world.

This sort of setup has, for example, led to consternation in some countries over the apparently disproportionate number of current and former civil servants owning prime beachfront real estate.

With blockchain, it’s possible to make changes to public ledgers more efficiently. Meanwhile, anyone can see exactly who has authorised a given change to, for example, a land registry ledger.

“Distributed architecture, immutability and transparency are the three main attributes that allow blockchain-based apps to combat fraud and corruption,” says Abhi Dohal, VP of Business Development at Epigraph. “The most well-known blockchain, the Bitcoin blockchain, is secured by more computational power than all the Google servers combined.”

Today Corrupt Officials Spend Your Money—Tomorrow Blockchain Will Stop Them – Singularity HUB