Securely Managing Land Registration with the Use of the Ethereum Blockchain
Keywords:
Blockchain, Consensus, Decentralization, Immutability, Land Registration, Security.Abstract
In India, as well as in numerous other countries globally, the process of land registration is highly laborious and time-consuming. Due to the large volume of property records that need to be regularly updated, there has been an increasing number of incidents of fraud, document losses, and court disputes in the existing land registration and verification systems. The purpose of this was to enhance the land registration process and minimize occurrences of fraudulent activities. Due to the presence of unchangeable transactions in the public ledger, the technology also facilitates the process of verifying the authenticity of the land. The blockchain-based land registration system is a decentralized system that will record every transaction that takes place during the property buying process. Furthermore, this will facilitate the acceleration of the registration process, allowing for the seamless transfer of land ownership between sellers, buyers, and government registrars. The land registration system can be effectively resolved by employing blockchain technology. By removing intermediaries from the process, this will decrease corruption. Moreover, it will enhance effectiveness and promote widespread confidence without the need for support from a central entity. A blockchain is an immutable and distributed ledger that records every approved transaction. It maintains the integrity of the transaction history by utilizing hashing techniques, consensus protocols, and cryptographic methods. This ensures the system's integrity and transparency at all times. The objective of this project is to develop a user-friendly land registration system that utilizes blockchain technology, while ensuring the maintenance of security and trust. In regions such as India, where there is a high frequency of relocations, the demand for paper to maintain records is notably substantial. By removing the need for physical documentation, this strategy will not only help the general public become more proficient in technology, but it will also contribute to the preservation of the environment.
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