NY A10443

Establishes optional central depository databases at state and county levels to compile, store, and secure governmental real estate records using distributed ledger technology.

Authorizes the Commissioner of General Services to create and implement a strategy adopting distributed ledger technology with tokenization and digitalization on a federated blockchain for state property records.

Authorizes county and city registrars to establish similar central depository databases for real property transaction records using federated blockchain technology.

Defines key terms including "distributed ledger technology," "tokenization," "digitalization," "blockchain," and "federated blockchain" in both the Public Lands Law and Real Property Law.

Makes data stored in these databases accessible to state agencies, municipalities, and taxpayers while maintaining security controls and preventing unauthorized access.