Indian State partners with Chromaway for blockchain-powered land registration pilot
The Indian state of Andhra Pradesh has partnered with Sweden-based blockchain startup ChromaWay on a land registry pilot that uses blockchain to track the ownership of property.
It also partnered up in September with Swiss cybersecurity and IoT startup WISekey , in order to work on securing identity solutions while using blockchain.
In fact, Andhra Pradesh is looking at the applications of the blockchain technology into land registries in order to improve services, as land and property records are currently centralized in government databases and susceptible to manipulation.
This partnership aims to build a test platform that uses a distributed ledger on the back-end and a straightforward web-app front end, in order to ensure transparent data access.
Furthermore, this is in alignment with the Fintech Valley Vizag initiative that was launched by the Indian state in order to create 500,000 jobs by 2020 through technology-enabled services.
J. A. Chowdary, special chief secretary and IT advisor to the chief minister of Andhra Pradesh, stated: “Blockchain is the technology of the future. It will not only change the way we perceive processes but it also has the potential to transform the economy. Of course, we all are yet to fully discover this technology and hence the Government of Andhra Pradesh has engaged with startups from across the globe such as Chromaway to run proofs of concept within its own departments.”