Solution for Land Registration and Land Record Management based on Blockchain

In the Existing Land Administration system in India, a middleman known as a “dealer” would help to streamline the transaction by creating and gathering all the physical documents required to support a settlement as proof of ownership. Before the contract is signed, the broker will document the property with a reputable federal agency and list all of its features in a book. Since anyone with access can read or edit the documents, files could be lost or altered in this scenario, which would compromise the physical proof of land ownership. Contrary to the existing approach, the smart contract-based approach significantly reduces the processing time and enhances security by leveraging blockchain technology. This approach is synchronized, as each transaction is validated by the network of nodes, and is less complex.