India's largest platform and marketplace for GCC & AI leaders and professionals

Sign in

India's largest platform and marketplace for GCC & AI leaders and professionals
Become a Thought Leader
Become a 3AI Member

Sign in

3AI Digital Library

< Go Back

Property Registration in Karnataka to use Blockchain Technology

3AI January 6, 2021

Property registration in Karnataka is all set to become more secure and hassle-free, with the state government developing a system based on blockchain technology for online property documentation.

The new system, developed in collaboration with IIT-Kanpur, promises an immutable electronic storage of property data through blockchain. In other words, data once stored cannot be changed, eliminating risks of impersonation and unauthorised tweaking of records.
According to Additional Chief Secretary (e-governance) Rajeev Chawla, the new system was approved by the revenue department and would be ready for a pilot in four months. “Unless authorised, no official will be able to tamper with the data,” he said.
Each property holder will be given a property card akin to an ATM card, which can be accessed through a PIN.

The property transaction details can be accessed only with the authentication of the user’s digital key or PIN number.
“The content in the blockchain will be locked through this card. The card acts like a locker. Unless the card-based consent is provided, nobody will be able to modify the data,” an expert associated with the project further explained.

From a user’s point of view, this system protects property data besides removing the hassle of storing hard copies of documents. A user will be able to swipe the card at citizen service centres such as Bangalore One and download or print the same.

The new system is expected to strengthen the revenue department’s existing Kaveri portal.

“The identification of a property database in a sub registrar’s office will become easy. Right now, Kaveri depends on human discretion for verification of identity and ownership. A sub-registrar’s office will authenticate all this. The new technology will reduce human discretion as the cards will prove your identity and authentication,” the expert added.

It may be recalled that last year, data pertaining to about 300 properties in the Kaveri portal was allegedly compromised. An internal audit report of the Department of Stamps and Registration suspected that officials with technical expertise had misused the portal.

 

Picture from freepik.com

    3AI Trending Articles

  • Blockchain Powered Smartphones by Fesschain

    Firm has tied up with a private manufacturer that can produce 10,000 pieces a day. But Fesschain is now scouting for a suitable location in Noida to set up its own production unit Homegrown blockchain technology company Fesschain is targetting almost 10 shipments of its smartphones in the next 6-12 months. The company, which has recently entered mobile handset […]

  • Driving AI Adoption: An 8-Step Blueprint for Your Team’s Success

    Featured Article: Author: Ganes Kesari, Innovation Titan A Telecom major was grappling with high customer attrition. The firm was one of the largest Telecom companies in the world and a market leader in Asia. The marketing team’s heuristics-driven approach to customer retention was dated and ineffective. Reviewing the business performance in a weekly huddle, the […]

  • A Greener Future with AI: Minimizing Carbon Footprint for Sustainable Innovation

    Featured Article Author: Jemima Joy, ProV International Artificial Intelligence (AI) has transformed industries and opened doors to remarkable advancements, from generative art to complex decision-making systems. However, AI’s rapid growth comes with an often-overlooked environmental cost—its carbon footprint. As the demand for AI-powered tools grows, so does the energy consumption required to develop, train, and […]

  • P&L Forecasting Enabled by Analytics

    Author: Rajagopal Rangarajan, Senior Manager – Analytics, AB InBev Accurate P&L forecasts help companies build a good financial plan for the year. It enables the financial planning team in allocating resources more meaningfully across the company. For large and highly leveraged companies like AB-InBev with annual Revenues more than $50 Bn and with a debt […]