The South Australian (SA) government is exploring blockchain for interoperability of systems run by eConveyancing transaction operators. A
report said that the Department of Planning, Transport and Infrastructure (DPTI) has put out a call for information to understand the “feasibility” of the technology as new Electronic Lodgment Network Operators (ELNO) get approved.
In Australia, electronic conveyancing is carried out by ELNO’s forming an Electronic Lodgment Network (ELN). Before being digitized, conveyancing transactions involved a lot of manual paperwork for preparation of registry documents, the settlement of the funds and lodging the formalities with the land registry.
Econveyancing operators are approved by the registrar of each state and territory to operate in the jurisdiction. While the number of such organizations has been scarce in the country, new operators are slowly cropping up. The SA government is trying to find a solution for different ELNO’s to communicate with each other while carrying out eConveyancing transactions.
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