- An Indian state has partnered with Airchains and Polygon to implement a blockchain-based land possession system.
- The collaboration goals to deal with the widespread drawback of fraudulent mutation of land paperwork.
- This joint effort marks the second use of Polygon by the Authorities of India.
Sandeep Nailwal, founding father of Polygon, not too long ago tweeted in regards to the significance of real-world Web3 use circumstances in driving mainstream crypto adoption. In his tweet, he highlighted a major growth within the Indian state of West Bengal, the place the City Growth Authority has partnered with Airchains and Polygon Supernets to implement a blockchain-based land possession and mutation system.
Nailwal talked about that mutation of land paperwork by unlawful means is a widespread drawback in India and lots of land homeowners are victims of the fraudulent exercise. He emphasised that the usage of blockchain expertise can successfully remedy this drawback. He additional added that by implementing a clear and safe digital system known as Polygon Supernets, West Bengal City Growth Authority goals to stop fraud and create a dependable platform for land possession transactions.
One attention-grabbing side highlighted in Sandeep Nailwal’s tweet is {that a} blockchain-based land possession system additionally facilitates fractional possession. Fractional possession permits a number of buyers to personal a share of the property, permitting for wider entry to actual property funding.
Nailwal expressed his gratitude and pleasure for the West Bengal City Growth Authority’s collection of 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.
Airchains, which in 2022 based by Sinha and Kritarth Agrawal, empowers customers to deploy, develop and scale their very own blockchains. Airchains has partnered with numerous Indian authorities companies, together with the Firozabad Police Division, to introduce a grievance administration system primarily based on blockchain expertise.
As well as, the corporate has partnered with the Raigarh district administration to develop a blockchain-based monitoring system to trace industrial company social duty (CSR) plantation actions. Moreover, Airchains has partnered with the Telangana State Transport Division to implement blockchain options for transportation administration.
