Blockchain technology for e-registered property deals

To avoid duplication of original online agreement agreements, the state’s property registration division is implementing blockchain technology.

According to a representative of the registration department, e-registration data would be stored using blockchain technology. The information can be distributed to the necessary parties, such as potential buyers of real estate, governing bodies, and financial institutions financing the transaction.

According to DIG (IT) Abhishek Deshmukh, “Blockchain technology will help resolve many issues and it will be beneficial to citizens.”

The pilot blockchain initiative started last year. As it was addressed in multiple meetings last year as well, a senior official from the registration department said, “We are planning to roll it out shortly after due checks.”