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Blockchain for Property Management

Property tax chain

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Ayush Raj
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0% found this document useful (0 votes)
21 views1 page

Blockchain for Property Management

Property tax chain

Uploaded by

Ayush Raj
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

PROPERTY CHAIN

Property Chain - Blockchain powered Property Management System


(https://propertychain.nic.in)
In India, Citizen’s ownership on property is presumptive in nature; that is onus of proving ownership is on the owner, unlike
conclusive system where in Government takes responsibility. There is a huge ambiguity in establishing ownership due to
isolated records maintained by the stakeholders.

Problems in the existing system Blockchain solution


Property Chain platform has been established using the
Fake property documents
Blockchain Technology to securely record the property
details and transactions on the property by the various
Land encroachment
stake holders involved in property records management
system. Property Chain records the property transactions in
Delay in verification
distributed manner in multiple locations. Attempt to tamper
the data is not possible as details in all the distributed
Prone to manipulation
locations need to be updated as per the agreement only.
Hassle of carrying originals The platform can be used by the various organizations like
Financial Institutions, Government departments and Citizen
Delay in processing applications to verify property documents. The property ownership, rights
and liabilities on the property, legality of the property can
Departmental data silos be verified without any hassles.

• Implemented for Revenue Department, Karnataka


• 1.8 Cr agricultural land details are in Blockchain
and all transactions on land are being recorded
• On an average 2 Lakhs reads are being done on
Blockchain.
• PoC being done in Assam integrating Land
records, Survey and Registration departments

Features of Property Chain: Highlights:


Single platform for all stakeholder
Agricultural & Non Agricultural properties details departments

Forward and backward linkage of the property


Flexible for any state to on-board
Data time-stamped and traceable
Common platform for Producers
Easily verifiable by stakeholders & consumers

Single & Bulk Verification


APIs for integration with
stakeholder applications
Trail of the changes is available

Information Technology Architects:


National Informatics Centre
 blockchain.gov.in
June 2023 Ministry of Electronics & Information Technology, Government of India
[email protected] A-Block, Lodhi Rd, CGO Complex, New Delhi-110003

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