E-GOVERNANCE SYSTEM FOR PROPERTY REGISTRATION AND TAXATION USING BLOCKCHAIN

In the traditional Land Registration system practiced in India, there exists a middle man (broker) who establishes a contact between the buyer and seller, for instance if an individual wants to buy or sell a property, the broker will create and assemble all the obligatory physical documents with regards to an agreement as a proof of property. Brokers will ensure that the land/property would be registered by an authorized government office where all the attributes are noted down in a ledger and thereafter the whole transaction and purchasement between the two parties takes place. In this scenario, there are chances of losing or tampering of the documents as anyone with certain powers can access or alter the papers easily which in turn threatens this concrete proof of land. Thus, this type of system as compared to our proposed system in which we make use of a smart contract to deal with the assets and transactions among the participants, is relatively time consuming, less secure and unsynchronized where activities including corruption and fraudulence might be associated during the execution of the required process. With an amalgam of inspection and analysis regarding the old accustomed way and considering that Blockchain has an increased transparency and integrity maintenance along with the portability factor, we put forward a blockchain based land registration system which provides a transparent, secured and decentralized method for execution of transactions between the participants by employing the concept of hyper ledger.