Establishes central depository databases for governmental real property transaction records and data

This bill establishes state and county-level central databases to securely store government real property records using distributed ledger technology (specifically, a "federated blockchain" system). It requires the state commissioner of general services and county clerks to create these databases, which will use tokenization and digitalization to store property records permanently and immutably. The databases aim to prevent hacking and improper access while increasing efficiency for state agencies and municipalities, and they will be accessible to taxpayers. The policy directly affects state/local government agencies managing property records and taxpayers seeking public access to property data.