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 Valley Vizag 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:
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.
News Source : Coin Desk