Author: Bipasa Sen
DOI Link: https://doi.org/10.70798/Bijmrd/03120024
Abstract: After the Internet, again one of the most significant global technology hacks is Blockchain technology. Although the initial start is with innovative virtual currencies, Blockchain is now poised to support us achieve the new peak of development in every nook and corner of the industrial world where automation is needed. This nascent tech-boom enriches everything from our lifestyles to the way we conduct business. From financial institutions to voting systems, healthcare to transportation management, supply chain to Internet of Things (IOT) and Higher education to different government services influenced by the feasibility of this technological approach. Its transparent, reliable, decentralized, tamper-proof and triple entry ledger system emphasizes adoption in records keeping and transaction systems of land management systems in different countries. To protect dwellers rights of records (RoR) the Indian government also started Blockchain technology based smart transparent web-application enabled land records and land registration systems i.e. Land-Chain Systems in a few states as pilot projects. The study focuses on the present situation of land records and land registration systems and whether future prospects for adoption of Land-Chain Systems have a favorable impact on the Indian economy or not.
Keywords: Blockchain Technology, Land Records, Land Registration, Land-Chain Systems, Indian Economy.
Page No: 205-219