Shri Kashi Vishwanath Temple Trust has explored the technical use and benefits of Blockchain in managing their land records by digitizing the trust land records in a widely approved, tamper proof system.
The collaborative aim of Shri Kashi Vishwanath Temple Trust and Youngsoft Inc. is to ensure reliability, simplicity, transparency in the process and provide customer assistance. Blockchain technology protects the transactional records against any manipulation or forgery, hence allows individuals to get tamper-proof archive of transactions. Lawful parties can view the records at any point of time. Therefore, creates a single source of truth of ownership status and history of a property.
Blockchain technology gives the opportunity to radically transform existing system into a standardized architecture to address various business needs and organizational problems.
Blockchain technology gives the opportunity to radically transform existing system into a standard architecture to address different business needs and organizational problems.
Blockchain solves several digital challenges in the following way:
- Brings more transparency
- Maintains system integrity
- Makes the system irremovable
- Establishes security protocol
- Reduces cost
- Customer first