Secure Land Registration Management via Ethereum Blockchain
Shreyas Dubey, Divyansh Vinod, Akash Gupta, Rajendra Kumar Dwivedi
Abstract
Land is an asset and the transfer of ownership of a piece of land from one party to another is an important as well as tedious task. Not only it involves hectic paperwork but also several middlemen and multiple verifications at various levels of the process. This makes the whole process less reliable and increases the chances of forgery multifold. Also, it’s difficult to find out the previous transfers. This problem can be easily taken care of by using blockchain for the land registration system. This will decrease corruption in the process by removing middlemen from the process. Also, it will increase the speed, and create trust in the system without even the involvement of any central agency. Blockchain is a decentralized, immutable ledger that keeps track of every legitimate transaction. It uses cryptographic techniques, consensus mechanisms, and hashing algorithms to maintain the chain of transactions. This keeps the whole system transparent and immutable. The aim of this work is to develop a user-friendly, blockchain-based land registration system to ease the process while maintaining security and trust. In places like India where lacs of transfers are done on a regular basis, the quantity of paper used to maintain the records is also very high. Not only will this system bring common people closer to technology, but it will also help protect the environment by removing manual paperwork.