Real estate plays a significant role in the Indian Government’s stated goal of transforming India into a $5 trillion economy and blockchain can play a major role in realising this goal.
2. PRESENTATION
OVERVIEW
KEY TOPICS
Real Estate's Impact on Economy
Challenges
Characteristics
Blockchain Applications
Blockchain for Land Records
Power of Decentralisation
Practical implementations
Sample Property Transaction
About BirthVenue
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4. The land registration
process is still mostly
complicated and inefficient
in many parts of India
COMMON
CHALLENGES:
TIME DELAYS
FRAUD
HUMAN ERRORS
INCOMPLETE AND INSECURE
PROPERTY DATA
UNNECESSARY THIRD
PARTIES
5. CHARACTERISTICS OF
BLOCKCHAIN
Creation of data
records that are
permanent (cannot be
changed or deleted,
only appended).
IMMUTABILITY
Every entry created in the
blockchain is securely
tracked with a time-
stamp
TIME-STAMPING
All participants may have
access to view the data
on the chain or to add
data (depending on
granted permissions).
ACCESSIBILITY
Algorithmic logic which
automates transaction
based on pre set
conditions
SMART
CONTRACTS
7. All property record creation
and changes are entered in
the immutable ledger along
with digital signatures of the
authorized officers
WHY USE BLOCKCHAIN FOR LAND
RECORDS?
QR code-based property
ownership Blockchain
Certificates to citizens
Geo-fencing capability to
identify overlaps across
plots
Capability to integrate with
property tax system to enable
simple, efficient and
transparent record of
ownership and tax transactions
on a given property
Capability for instant data
exchange through Smart
Contract powered Data-
as-a- Service (DaaS) API
calls
Building Permissions, Layout
Permissions, TDR Bonds are
blockchain secured along
with the Land Pooling
Scheme data-sets
8. Illegal systems can
thrive when there is
improper handling
of land registry in
the banking,
financial, and
government
systems.
12. WHAT IS
BIRTHVENUE?
Very few organisations know the real fundamentals of Blockchain,
and even fewer have the requisite resources and talent to execute.
However, what is true is that everybody wants to embrace it.
Birthvenue is a blockchain-as-a-service provider.
BirthVenue assists management teams in understanding the
fundamentals of blockchain technology by creating industry-specific
case studies as references to use cases. Our team of engineers
develops elegant blockchain solutions and platforms to empower
successful businesses into new technology spaces. Our lawyers on
board will help clarify all regulatory requirements to make sure
operations are within the purview of the law.