Blockchain-based Continuous Timestamps Tracking System: Towards Ownership Information Believability

Abstract

Ownership information of high value assets such as property is often concealed and fragmented, adversely affecting information believability. Following the design science research approach, we conceptualize believability as a data quality dimension that supports ownership traceability. We then investigate how blockchain technology might improve information believability in ownership traceability systems. We represent and address our findings via the development of a blockchain-based continuous timestamps tracking system model, framework and implementation for property ownership. A use case of banking transactional data for property ownership traceability is introduced to illustrate our workflow and system design. The proposed system takes advantage of blockchain technology such as traceability and irreversibility to support information believability in the design, management, and use of information systems.