Authors: Sumedh Janbandhu, Duraj Saindane, Rohit Jadhav, Pranav Gawale, Sanjay Waykar
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This project report aims to explore the potential of using blockchain technology for land registration. Land registration is a critical process that involves the transfer of ownership of land and property rights, which is often time consuming and prone to errors. Blockchain technology offers a secure and transparent method of recording land registration transactions that can significantly reduce the time and cost associated with traditional land registration systems. The report first provides an overview of blockchain technology, its characteristics, and how it works. It then discusses the current land registration systems and the challenges associated with them, such as fraud, corruption, and inefficiency. The report identifies the potential benefits of using blockchain technology for land registration, including increased transparency, security, and efficiency. The report also analyses existing blockchain-based land registration systems and case studies from various countries, highlighting their strengths and weaknesses. It then proposes a conceptual model for a blockchain-based land registration system, outlining its architecture, functionality, and potential features. The proposed system aims to provide a decentralized, transparent, and tamper-proof land registration process that can be accessed by all stakeholders. The report concludes by discussing the challenges and limitations of implementing a blockchain-based land registration system, such as regulatory issues, technical challenges, and adoption barriers. It suggests that a collaborative effort from all stakeholders, including government agencies, landowners, and technology providers, is necessary for the successful implementation of a blockchain-based land registration system. In summary, this project report provides an in-depth analysis of the potential of blockchain technology for land registration, identifies its benefits and challenges, and proposes a conceptual model for a blockchain-based land registration system. The report provides valuable insights for policymakers, landowners, and technology providers who are interested in exploring blockchain-based land registration systems.
Land registry system refers to the system that records the details of ownership entitlement by several government bodies. The stored record can be used as the proof on entitlement and avoid any short of fraud and smooth transition whenever required. The old land record leads to hindrances in the verification of land title and may result or cause frauds.
According to the survey conducted by the world bank around 70 % of the population do not own any land title. Land entitlement is an essential prospect for social and economic resilience of citizen. The secure and up-to-date land record will also help governments in tax collection, service delivery and other aspects of governance. The world bank is actively working in this direction and providing support for improving land registration system in several countries and funding conferences as well as land registration modernisation projects. Various government agencies are exploring and working in the direction of a secure, reliable and tamperproof digital system for the land record. There are many stakeholders involved in the process that makes the system complex and needs various checks and balances to counter different type of threats and create an environment of mutual trust. The blockchain-based solution is appropriate in the applications where multiple entities are collaborating and transacting but having little confidence among each other. The blockchain is helpful where some information is shared on multiple system or platforms.
II. LITERATURE SURVEY
A. Existing System
B. Limitations Of Existing System
III. PROBLEM STATEMENT
The process of buying, selling, and transferring property ownership is often lengthy, complex, and involves numerous intermediaries such as lawyers, real estate agents, and government officials. This can lead to inefficiencies, errors, and fraud, which can result in disputes and legal battles. Traditional land registry systems are centralized and often rely on paper-based records, making them vulnerable to loss, theft, and tampering. This can result in significant delays and costs when it comes to verifying ownership and transferring property. The proposed solution is an online land registry system that leverages the benefits of blockchain technology. Blockchain is a decentralized, immutable, and transparent ledger that can securely record and store ownership information, transfer history, and other relevant data.
IV. PROPOSED SYSTEM
The system that we are trying to implement is based on Ethereum Blockchain that will store all the transactions made during the process of land ownership transfer. Using the concept of smart contracts of blockchain technology we can triggers various events like access of land documents to a land inspector and fund transfer event from buyer to seller after successful verification of the land ownership transfer. This system will solve the problems faced by all the three parties during the land registration and will also remove the intermediaries like property dealers. This system makes the process of land registration resilient and decrease the cases of fraud in the process. Using the system, validation of the lands is also possible as immutable transactions are being stored in the public ledger.
Our proposed system includes Super Admin, Admin, Owners, and Buyers.
Super Admin: Only the super admin has the capability to assign an admin
Admin: Only Admins can register a property/land after verification.
Owners & Buyers can access their properties / land with their respective accounts.
V. TECHNOLOGIES USED
A land registry system is an essential tool for managing property ownership records. It provides a centralized source of information that can be accessed by anyone who wants to buy, sell, or lease a property. The system ensures that the rights of the owner are protected and maintained, reduces the risk of fraud and theft, and provides proof of ownership through title certificates. It also helps to resolve disputes relating to property ownership and provides a secure way of storing and maintaining property ownership records. However, land registry systems also have limitations that need to be addressed to ensure their effectiveness and efficiency. These limitations include incomplete information, limited access, high cost, legal challenges, political interference, and technology limitations. In the development of land registry systems includes the adoption of modern technology such as blockchain and artificial intelligence, which can improve the accuracy and efficiency of the system. There is also a need to address the issue of incomplete information by improving data collection and management, and to reduce the cost of registering land or property, particularly in developing countries. Additionally, efforts should be made to address political interference and ensure the independence and integrity of the system.
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Copyright © 2023 Sumedh Janbandhu, Duraj Saindane, Rohit Jadhav, Pranav Gawale, Sanjay Waykar. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.