The Indian
state of Andhra Pradesh is working with startup ChromaWay on a land registry
pilot that uses blockchain to track the ownership of property.
The state
government has been exploring a number of uses for blockchain in recent months,
and in September it inked a separate partnership with startup WISekey related
to identity solutions. Andhra Pradesh is one of several regional governments in
India to look into applications of the tech, and land registries – systems used
to keep track of who owns what property – have been highlighted by other
governments worldwide as one area in which the technology could lead to
improved services.
The test
platform being built with Sweden-based ChromaWay is part of the Fintech ValleyVizag initiative launched by the southeast Indian state.
According
to the parties involved, it utilizes a distributed ledger on the back-end and a
straightforward web-app front end, which provides "radically transparent
access to data," according to ChromaWay.
J. A.
Chowdary, special chief secretary and IT advisor to the chief minister of
Andhra Pradesh, said in a statement:
"Blockchain is the technology of the future. It will not only change the way we perceive processes but it also has the potential to transform the economy. Of course, we all are yet to fully discover this technology and hence the Government of Andhra Pradesh has engaged with startups from across the globe such as Chromaway to run proofs of concept within its own departments."
The project
represents the latest public sector partnership for ChromaWay. Sweden's land
registry authority, the Lantmäteriet, revealed in April that it is working with
the startup on a land registry initiative. Other participants in that effort
include banks SBAB and Landshypotek, as well as the consultancy Kairos Future.
Source: Coindesk
Source: Coindesk
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