FROM THE NOTARY TO THE CLOUD: REAL RIGHTS, TECHNOLOGY AND THE FUTURE OF REGISTRY SYSTEMS IN THE DIGITAL ECONOMY

Abstract

This study investigates the symbiotic relationship between property registration systems, legal security and economic development, analyzing how the institutional architecture of real estate rights influences the dynamics of real estate markets. Starting from the Coasian premise of transactional costs, the research demonstrates that efficient registration systems work as mechanisms to reduce information asymmetries, enhancing investments and stabilizing legal-economic relations. The comparative analysis of international models reveals that cadastral accuracy and procedural agility are critical variables in the formation of robust economic environments, where legal certainty acts as a catalyst for development. The paper explores the dialectical tension between technological innovation and normative tradition, examining how disruptive technologies reconfigure - without suppressing - the classical registration principles of specialty, priority, and public faith. Methodologically, an interdisciplinary approach is articulated that integrates institutional economic theory, comparative legal analysis and technological governance studies. The investigation reveals that the modernization of cadastral systems requires a balance between allocative efficiency and distributive equity, proposing hybrid models that combine blockchain with traditional authenticity mechanisms. The study advances the debate on adaptive regulation, arguing that asset tokenization and smart contracts demand new legal categories capable of preserving the social function of property in the digital age. It is concluded that the evolution of real rights in the twenty-first century depends on the institutional capacity to harmonize technological innovations with the pillars of legal certainty, simultaneously ensuring economic dynamism and protection of fundamental rights.