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The Indian government is cooperating with blockchain startup to launch a pilot project for land registry



The Indian state of Andhra Pradesh is working with startup ChromaWay on a land registry pilot, which uses a blockchain to track property ownership.



10.Oct.17 9:33 AM
By Daria Zaytseva
Photo INNOV.RU

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The Indian government is cooperating with blockchain startup to launch a pilot project for land registry

In recent months, the state government has been exploring a number of uses for blockchain, and in September signed a separate partnership with startup of WISekey, related to identification solutions.

Andhra Pradesh is one of several regional governments in India to look into application of the technology, and land registries - systems used to track who owns what property - have been noted by other governments around the world as one of the areas in which this technology could lead to better services.

The test platform being built with Sweden-based ChromaWay, is part of the Fintech Valley Vizag initiative launched by the state of southeast India.

According to interested parties, it uses a distributed ledger on the back-end and a straightforward web application interface that provides radically transparent access to data, according to ChromaWay.

The project represents the latest partnership in the public sector for ChromaWay. Swedish authorities in the field of land registry, Lantmäteriet, showed in April that it is working the startup on a land registry initiative. Other participants in this effort include SBAB and Landshypotek, as well as consultants from Kairos Future.




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