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Land Record Maintenance Using Blockchain
Harshita Bhorshetti, Shreyas Ghuge, Athang Kulkarni,
Published in Springer Singapore
Pages: 205 - 214
Storing data in real time along with keeping it secure is the biggest challenge in industry today. Many land issues arise because there is no database which is protected for tracking the real-time changes in data. Also, land records currently are registered in paper format. This kind of data is thus vulnerable to any changes and maybe destroyed by natural or man-made disasters. The emerging blockchain technology is a boon to store any information in real time and is immune to any changes. In this paper, we propose a solution in the form of distributed app (DApp) which uses the idea of blockchain as distributed database, smart contracts using ethereum platform and Polyline API from Google to mark the land boundaries. Smart contracts allow the performance of credible transactions by using sophisticated cryptography and without interference from third parties. These transactions are traceable and irreversible. Proponents of smart contracts claim that many kinds of contractual clauses may be made partially or fully self-enforcing. In this case, along with the self-verifiable clauses, involving banking parties can perform additional monetary checking. A user can sell or transfer a property that he owns or may buy a new land plot open for sale in desired geographical area. This solution allows maintaining land records easily and in real time without having a single point of failure for the database system. Removal of third-party interventions such as brokers from the process of land title transfer between old and new owners makes the process more transparent and cheaper.
About the journal
PublisherData powered by TypesetSpringer Singapore