I think the answer is a resounding yes.
Have a read of this. Quite a fascinating subject area.
At the moment digital records of property ownership are ripe for fraud - I never thought replacing paper records was a good idea.
Blockchain will make fraud all but impossible.
Also, it will reduce costs, mortgage fraud, the list just goes on.
Blockchains are best known for keeping track of who owns purely digital currencies like bitcoin, but government agencies and for-profit companies are increasingly exploring how the digital ledgers can be used to track ownership of something very tangible: real estate.