USAGE OF BLOCKCHAIN IN INDIAN LAND REGISTRATION AND LAND RECORDING SYSTEM - A REVOLUTIONARY STEP
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Abstract
In present-day land recording and land registration systems of India can be professed as mistrustful, inefficient and outdated despite that India has completed 94.53% digitization of its land records. Due to loose coupling among different land related government departments and centralized data storage system, various types of forgery and lots of legal disputes are still there in the present system. For this reason real landowners are still suffering from numerous land related litigations and which creates confusion about the existing system's reliability and effectiveness. This causes judicial huge waste of time. The government needs to protect dwellers rights of records rendering a smart transparent web-application enabled e-Governance, supported by a competent substratum technology. Adoption of the Blockchain, the underlying technology of cryptocurrency, could be a most exclusive and assured way out to solve these issues related to land recording and land registration systems. Established systems could achieve a peer-to-peer, collaborative, trustworthy, secure, transparent, reliable, scalable and real-time based system. Blockchain technology assures users of inviolability and has no way to anticipate breach of contracts. The objective of the present study is to focus on how significant impacts we can observe through the implementation of a Blockchain based land registration and land recording system.
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