- An Indian state has partnered with Airchains and Polygon to implement a blockchain-based land possession system.
- The collaboration goals to deal with the pervasive drawback of fraudulent switch of land paperwork.
- This joint effort marks the second use case of Polygon by the Indian authorities.
Sandeep Nailwal, the founding father of Polygon, not too long ago tweeted in regards to the significance of real-world Web3 use circumstances in driving mainstream cryptocurrency adoption. In his tweet, he highlighted an necessary growth within the Indian state of West Bengal, the place the Metropolis Growth Authority has partnered with Airchains and Polygon Supernets to implement a blockchain-based land possession and switch system.
Nailwal talked about that the mutation of land paperwork by means of unlawful means is a pervasive drawback in India, which ends up in numerous landowners falling sufferer to fraudulent actions. He identified that using blockchain expertise can successfully resolve this drawback. He additionally added that by implementing a clear and safe digital system on Polygon Supernets, the West Bengal Metropolis Growth Authority goals to stop scams and create a dependable platform for land transactions.
An fascinating side highlighted in Sandeep Nailwal’s tweet is that the blockchain-based land possession system additionally facilitates fractional possession. Fractional possession permits a number of traders to personal a part of a property, permitting wider entry to actual property investments.
Nailwal expressed his gratitude and pleasure over West Bengal Metropolis Growth Authority selecting Polygon because the blockchain platform for his or her use case. He additionally talked about that that is one other use case the place the Indian authorities has chosen Polygon for his or her use.
Airchains, created in 2022 by Sinha and Kritarth Agrawal, gives customers the likelihood to deploy, develop and lengthen their very own blockchains. Airchains has fashioned partnerships with varied authorities companies in India, together with Firozabad Police Division, to introduce a blockchain-powered complaints administration system.
Moreover, the corporate has collaborated with the Raigarh district administration to determine a blockchain-based monitoring system to trace industrial company social duty (CSR) plantation actions. Moreover, Airchains labored with the Telangana State Division of Transport to implement blockchain options for transport administration.
