Blockchain based Land Registry
Shounak Pawar, Harsh Joglekar, Swapnil K. Shinde, Sarang Umap · Journal of Emerging Technologies and Innovative Research · 2020
Land assets hold huge value to farmers as well as other landowners. The Indian system of storing 7/12 extracts on paper, although in digitized format now, has been a source of fraud and cheating. The current system provides digitized records of the paper trail bearing ownership credentials. However, this system depends on Third Party involvement & centralization of data making it susceptible to integrity damages. In our Blockchain-based system we eliminate Third Party involvement by providing a Decentralized system, thus zeroing in on any possible vulnerabilities. The system provides consensus-based validation of blocks of transactions in the blockchain. The system also validates smart contracts upon initialization of a transaction to comply with the Government's smart contract attestation body and taxation norms of ownership transfer.