Giving the competition to the other states in India, Yogi Adityanath convinced Uttar Pradesh government to introduce the blockchain technology for the security of the data of land revenue records in the state.
Uttar Pradesh can become the first state in India in order to use the blockchain technology and adapting it to secure the data completely. It also becomes the latest nation to showcase the (DLT) Distributed Ledger Technology. This movement is caused only when there was the banking ban case by the Supreme Court of India where the banks refused to adopt the blockchain technology.
Land And Revenue Records To Migrate Over Blockchain
Uttar Pradesh is adopting the blockchain technology for the betterment of the system and to make it work faster, it is the fourth largest state in India and it aims to develop a strong infrastructure so that it can organize the region’s land and revenue records and database to the blockchain platform. It will keep it digitized.
The time has been proposed by the Chief Secretary Anup Chandra Pandey to develop the new blockchain system in next 6 months.
Benefits Of Blockchain In Uttar Pradesh
As the major population depends on agriculture so there are many lands to keep records of. So all the land registration will migrate to blockchain technology for an easy operation which would be transparent, reliable and people will trust it.
Around 67% of the population is there in the rural parts of Uttar Pradesh as a result the land documents becomes a difficult job to maintain, also the manual process is time taking and lengthy which requires a lot of effort that is why blockchain comes into picture where it can solve all the problems related to land documents and it will make all the documents paperless.
Corruption is one of the major problems which people are facing and due to the blockchain, it will try solving and fight the corruption.
Indian Governments Preferring The Blockchain States Showing Interests
States including Maharashtra, Andhra Pradesh, Gujarat, and Karnataka have shown their interests in Blockchain technology and that too for securing their records mostly. This is very effective and the government has a positive response to the technology.
Some States Individual Experience To Blockchain
Maharashtra to use the blockchain technology in Supply chain, Financing, farm insurance, land records, and motor vehicle registrations.
Andhra Pradesh declared its own DLT pilot which will be targeting the education field and also in the road transport department.
Top Institutions Extending Hands To Support Blockchain
IIT (Indian Institution of Technology) Kanpur, has extended its hands to support the blockchain technology with the help of the local officers who shared the details of the project.
The major focus is to DLT which has potentials applications for empowerment. The idea behind the DLT is when any change is being made on the blockchain registry then the information will be easily accessible to the government as well as the common public.
Problems DLT Is Facing In Its Development
According to the recent report, the Indian government is facing an issue in developing the blockchain as they have not defined their regulatory framework for the ecosystem due to which the developers are not getting an environment to work and focus on the blockchain.
Indian Government needs to focus in solving the problem and providing a favorable environment to DLT for creating a regulatory structure for the developers so that it can attract the foreign investors to this sector and as a country, it will not fall behind.