Blockchain Based Land Registry System

Computer Engineering

In India's traditional land registration system, a middleman acts as a point of contact between the buyer and seller. For instance, if someone wants to buy or sell a property, the broker will put together all the necessary physical documents related to the agreement as proof of ownership. Brokers will see to it that the land or property is registered by a recognized government agency, where all the characteristics are put down in a ledger, and that the entire transaction and sale between the two parties takes place after that. Since anyone with the necessary access rights can readily view or change the papers in this situation, there is a potential that the documents will be lost or altered, endangering the concrete situation.[1] As a result, this sort of system is slower, less secure, and unsynchronized than our suggested method, which uses a smart contract to handle assets and transactions among participants. It also increases the risk of corruption and fraud during the execution of the necessary process. We proposed a blockchain-based land registration system that uses the concept of hyper ledger to execute transactions between participants in a transparent, secure, and decentralized manner. This system combined inspection and analysis of the traditional method with consideration of Blockchain's increased transparency and integrity maintenance along with the portability factor.

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