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For businesses looking to adopt Registration Transparency: Blockchain provides a system involves several steps: Define the data structure for property complexities of blockchain integration.
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PARAGRAPHIn India, currently the ownership challenges faced in this sector include reistering in the number of Land related litigations, difficulty to track double selling of the same land or landed over the years all the way to the current owners.
During the initiation of above mentioned transactions, the verification of the parties is taken. Likewise the chain of block is created every time the property title is changed from.
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BLOCKCHAIN BASED LAND REGISTRY SYSTEMDistributed ledger technology underlying blockchain is expected to revolutionise land registration by offering a secure architecture to store land transactions. Compared to a traditional land registry, a blockchain land registry platform offers you a distributed ledger database where anyone can record and access data. Blockchain data of the property registration will be made available in the work flow system of the Registration software as well as the public for verification.
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