Establishes central depository databases at the state and county levels for governmental real property transaction records and data.

The bill amends the public lands law and the real property law to establish central depository databases at the state and county levels for governmental real property transaction records and data. It defines key terms such as "distributed ledger technology," "tokenization," "digitalization," and "blockchain." The commissioner of general services and the office of the clerk of the county or city registrar are authorized to create and implement strategies using distributed ledger technology to securely store government real estate records on a federated blockchain.

Establishes central depository databases at the state and county levels for governmental real property transaction records and data.

The bill amends the public lands law and the real property law to establish central depository databases at the state and county levels for governmental real property transaction records and data. It defines key terms such as "distributed ledger technology," "tokenization," "digitalization," and "blockchain." The commissioner of general services and the office of the clerk of the county or city registrar are authorized to create and implement strategies using distributed ledger technology to securely store government real estate records on a federated blockchain.