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Karnataka to use blockchain for property registration

DefiMagnets by DefiMagnets
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Karnataka to use blockchain for property registration
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Property registration in Karnataka is all set to develop into safer and hassle-free, with the state authorities growing a system primarily based on blockchain expertise for on-line property documentation.

The brand new system, developed in collaboration with IIT-Kanpur, guarantees an immutable digital storage of property information via blockchain. In different phrases, information as soon as saved can’t be modified, eliminating dangers of impersonation and unauthorised tweaking of data.

Based on Further Chief Secretary (e-governance) Rajeev Chawla, the brand new system was authorized by the income division and could be prepared for a pilot in 4 months. “Except authorised, no official will be capable of tamper with the info,” he stated.

Every property holder shall be given a property card akin to an ATM card, which will be accessed via a PIN. The property transaction particulars will be accessed solely with the authentication of the person’s digital key or PIN quantity.

“The content material within the blockchain shall be locked via this card. The cardboard acts like a locker. Except the card-based consent is supplied, no person will be capable of modify the info,” an skilled related to the challenge additional defined.

From a person’s standpoint, this technique protects property information apart from eradicating the effort of storing laborious copies of paperwork. A person will be capable of swipe the cardboard at citizen service centres comparable to Bangalore One and obtain or print the identical.

The brand new system is anticipated to strengthen the income division’s present Kaveri portal.

“The identification of a property database in a sub registrar’s workplace will develop into straightforward. Proper now, Kaveri is determined by human discretion for verification of identification and possession. A sub-registrar’s workplace will authenticate all this. The brand new expertise will scale back human discretion because the playing cards will show your identification and authentication,” the skilled added.

It could be recalled that final 12 months, information pertaining to about 300 properties within the Kaveri portal was allegedly compromised. An inner audit report of the Division of Stamps and Registration suspected that officers with technical experience had misused the portal.



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