Smart Contract Definition for Land Registry in Blockchain
Archana Sahai, Rajiv Pandey
Abstract
Land Registry System in India is a very time-consuming process involving many middlemen, thus increasing the fraudulent cases. These problems can be eliminated by the usage of Blockchain Technology for Land Registry Management in India. This paper highlights issues, such as minimal transparency, accountability, incoherent data sets with different Government Departments relating to the same portion of land and delays in the current Land registry management process. The paper describes the current process of land records maintenance and land registration in the country. It emphasizes on the importance of smart contract for land registry applying the Blockchain.
Topics & Concepts
BlockchainTransparency (behavior)AccountabilityGovernment (linguistics)Process (computing)Smart contractLand registrationLand managementBusinessComputer securityComputer scienceEnvironmental resource managementLand useProcess managementLand tenureGeographyEngineeringEconomicsCivil engineeringPolitical scienceLawPhilosophyAgricultureOperating systemArchaeologyLinguisticsBlockchain Technology Applications and SecurityFinTech, Crowdfunding, Digital Finance