In a novel initiative which may ease the woes of property owners inKarnataka, the government will soon launch a digital wallet with a smartcard and key for storing property records.
The project has been taken up by the centre for smart Governance (CSG), a wholly owned subsidiary of the Karnataka government. The intent of the project namedKaveriblockchain is to digitise and authenticate all land records in the state.
From government-owned properties to agricultural land and commercial and residential properties, every property owner will soon be handed a smartcard which will store the land records in his/her name. As many as 67 types of land transactions, including sale, purchase, lease, mortgage, gift deeds etc,. will be recorded and can be verified using the smartcard. CSG has already undertaken a pilot in Tumakuru district, with farmers and property owners registering their property records and carrying out transactions using only the smartcard.
The government will issue a smartcard with a chip in it to property owners whose names have been registered by the revenue department against the land/properties they own. It is issued to any person who intends to register a property or already owns one.