Indian authorities are planning on utilizing blockchain technology to combat cases of corruption and property fraud. Amaravati city farmers and local landowners are worried that corruption is in play in the state’s land-pooling process as some have yet to receive compensation from the government for their bartered assets.
According to Quartz, a local farmer claims that a deputy collector allegedly forced him into giving up his land to the government, while another is worried about the authorities not giving him the property that they promised. With that said, the Andhra Pradesh Capital Region Development Authority is pushing to implement blockchain technology to help fix the country’s disorganized land-record system, as well as to help avoid the tampering and falsifying of documents.
The Blockchain Solution
Andrha Pradesh CRDA Commissioner Cherukuri Sreedhar explains their initiative in implementing blockchain technology, saying:
“We want to give a very clear, risk-free kind of title to the farmers, One of these steps (blockchain) is to ensure the data that is with the CRDA is safe and can be traced back at any given point of time so security of title is always maintained.”
State authorities are closely working with blockchain firm Zebi in order to help adapt the technology into the system.
Zebi CEO Babu Munagala elaborates how blockchain can help alleviate concerns about corruption and data manipulation by decentralizing the digital information. He said:
“Earlier, the tech admin could modify data, anyone could. We’ve seen instances of this happening in government departments all over the world. An audit trail log is erased by a hacker or an insider. They write programs to manipulate data and delete traces of how it was manipulated, All of those dangers go away (with blockchain).”
Off to a Good Start
Despite the decentralized nature and security that blockchain offers, CRDA commissioner Sreedhar believes that its effectiveness still comes down to the local authorities, who should ensure that the technology is being utilized properly. He said:
“Whatever data we are trying to (put on the) blockchain, the data needs to be purified. As a department, your responsibility is to make sure you are digitizing the correct record.”
The CRDA commissioner still puts a lot of faith in the future of blockchain and its security, saying:
“Tomorrow or after five years, if somebody tries to meddle with this record, that also will get recorded. The original record will remain unadulterated forever.”
Meanwhile, the state of cryptocurrency in India has certainly improved since being denounced and banned earlier this year.
As reported on Express, the country is against entities hoping to use cryptocurrencies for illegitimate financing. But this doesn’t mean they’re against cryptocurrency investors. Explained an official:
“Trade is not a criminal offense. Most of us trade in various asset classes in the stock market. So how is this any different? What has to be in place is a mechanism to be sure that the money used is not illegal money, and to track its source is the most important thing.”
Indian Authorities Turn to Blockchain Technology to Eliminate Corruption was originally found on [blokt] – Blockchain, Bitcoin & Cryptocurrency News.