Study to Evaluate Blockchain-Based Real Property Title Recordation and Verification

Summary

This Maryland bill establishes a pilot program within the State Department of Assessments and Taxation to study how blockchain technology could be used to record and verify real property ownership more securely. The program will evaluate whether this technology could help law enforcement and courts resolve real property disputes, particularly those involving squatting. The bill affects the state tax assessment agency and potentially law enforcement and judicial systems dealing with property disputes.