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Indian state of Maharashtra to trial blockchain technology in land deals
The government of Indian state of Maharashtra is going to launch blockchain pilot projects in Pune and Konkan division in a bid to make land transaction data more secure, The Times of India reported.
Recent reports suggested that the state was considering launching five to six blockchain pilot projects in the state in collaboration with startups.
Calling blockchain technology a “foolproof system,” principal secretary (IT-Maharashtra) SVR Srinivas said, “Once the data are entered into the system in cases of land transactions, it can be seen by all departments concerned. Any change made by anybody will be immediately recorded. This will improve security and make the process transparent.”
The department has prepared the blockchain proof of concept, while will be trialed in some select cities of the Pune and Konkan revenue divisions. Thereafter, it will be rolled out to rest of the state.
In addition to land deals, the government is considering blockchain implementation in sectors such as financial inclusion, land records, supply-chain financing, goods and farm insurance and motor vehicle registration.
“Land transaction is the first target, before rolling out the technology in the other sectors. We will follow the Andhra Pradesh model. The southern state has tied up with start-ups to implement blockchain technology,” Srinivas said.