India's largest platform and marketplace for GCCs & AI

Sign in

India's largest platform and marketplace for GCCs & AI

3AI Digital Library

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

  • Data Governance: Three trends in 2021

    In 2021, the focus of financial services will be inclined to enable digital customer journeys as well as to sustain and grow revenue streams.   Actively governing data will make managing it more formalized thus making it more available, less complex to understand, and protect the customers’ data rights. Three principles and associated formalized dimensions […]

  • TransUnion Expands Global Capability Centers in India and South Africa

    Centers in India and South Africa to support global organization and local markets CHICAGO, Feb. 22, 2021 (GLOBE NEWSWIRE) — As TransUnion (NYSE: TRU) continues to evolve and modernize its approach to business, the company announced expansion of its existing Global Capability Center in Chennai to Pune, India and establishment of a new Global Capability […]

  • How AI is transforming Financial Services

    Since its inception, AI has experienced at least two major hype cycles with resulting winters of disillusionment. Although after the first “winter”, many financial firms deployed a number of successful applications, by the 1990s, AI went into its second winter of disillusionment as realization set in that these systems were harder and more costly to build and maintain […]

  • Being Digital: New Age of Business Transformation

    Digital technologies have profoundly changed the ways we do business, buy, work and live. They have even altered society and continue impacting virtually all business functions and industries. It’s partially what digital business is about Today, digital business mainly is used in a context of digital transformation, disruptive technologies, holistic business optimization and integration/convergence. However, it’s […]