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A blockchain solves the problem of consensus under Byzantine faults. Payments are an incidental use case, and not even a good one because managing payments including avoiding double spending can be achieved with a weaker primitive than consensus.
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I suppose the idea could be that you have several different institutions holding the same data, which they know is valid because of the Blockchain.
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No. Blockchain is made for managing transactions between untrusted parties. In case with a land, there is an authority managing the registry, so a standard relational DB (with optional digital signatures) is the bets option. Why someone wants to use a tool, not good for a specific purpose, for that exact purpose?
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"X is made for Y" is inside-the-box thinking
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