Blockchain technology for e-registered property deals

The states property registration department is in the final stage of adopting theblockchaintechnology to prevent duplication of original online agreement documents.

The blockchain technology would store e-registration data, said an official of the registration department. The data can be shared with relevant stakeholders, including property buyers, government authorities and financial institutions involved in funding the purchase.

The unique number on online registered documents having

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no stamps and signatures would help identify them. If documents are submitted to banks, bankers can feed details for verification. If data doesnt match, it would mean the document had been tampered with.