Enhancing Land Registry in India Through Blockchain Technology
The Current Landscape of Land Registration in India
India's land registry system has long been plagued by complexities and inefficiencies. With a low ranking in the World Bank's Ease of Doing Business Index, the necessity for a digital evolution in land records is evident.
Challenges in Land Record Keeping
- Outdated paper-based methods
- Lack of formal titles for many farmers
- Presumption of land titles leading to disputes
Property disputes have surged, accounting for 66% of civil cases in India, exacerbated by a ranking of 93 in the Corruption Perceptions Index.
How Blockchain Provides Solutions
Blockchain technology promises to eliminate many of these issues by enabling unalterable records and fostering transparency. Each transaction is traceable, drastically reducing the chances of corruption.
Benefits of Adopting Blockchain
- Creation of a uniform digital system for all land records
- Reduction of bureaucratic bottlenecks
- Enhanced security and integrity of property transactions
States like Andhra Pradesh are already seeing improvements in land disputes and transaction efficiency due to initial blockchain projects.
The Road Ahead for Blockchain in Land Records
The transition to a blockchain-based land registry is not without challenges. Developing suitable legal frameworks and gaining public trust will be imperative to realize the full potential of this transformative technology. However, the path forward is clear: embracing blockchain could revolutionize land management across India.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.