Blockchain Land Registry Platform Development
Many governments around the world are utilizing blockchain technology to resolve issues in the land titling system. Blockchain in Land Registry is one of the trusted systems to track who owns property among thousands of land records. A blockchain land registry platform is a decentralized system developed for land ownership and transactions to be recorded and managed. The decentralized nature of the platform can eliminate the need for intermediaries, cost-effective, and reliable solutions to maintain and access land records. Osiz, the esteemed blockchain development company, offers a platform revolutionizing traditional land registries with a transparent, secure, and efficient system where property transactions are verifiable by all participants in the network. We enhance the real estate business by providing a solution to customers' trust in the land ownership process.
Our Blockchain Land Registry Platform Development Services
Blockchain Infrastructure Setup
Our blockchain experts select the appropriate blockchain platform according to your real estate business needs, and we set up and configure network nodes implementing consensus mechanisms ensuring advanced technologies.
Smart Contract Development
We initiate smart contract development for land registration processes, implementing ownership transfer protocols for property rights management on the blockchain network.
Integration with Existing Land Registry Systems
We integrate APIs for data exchange between blockchain and legacy systems ensuring current land registry databases and systems with real-time synchronization mechanisms.
Digital Identity Management
Our specialists develop a secure digital identity system for property owners, implementing the KYC process for identity verification, and ensuring data protection. Our blockchain solution maintains property ownership records with data protection regulations.
Security Implementation
We develop access control mechanisms implementing crypto protocols. Our focus is to ensure data privacy by implementing multi-signature capabilities for high-value transactions.
Geospatial Data Integration
Our blockchain platform is incorporated with the GIS data system to link records with geospatial information. We implement mapping services for visual representation of property data facilitating spatial queries of buyers and sellers.
Transaction Management for Property Transfers
Our platform is developed with protocols for processing property transfers, with multi-step verification for transfer transactions. We develop solutions for recording and tracking transaction history enabling notification systems.
Features of our Blockchain Land Registry Platform
User Portal - We design a dashboard for users to check out property details, record transactions, ownership details and map features to locate the land.
Seller Portal - We integrate seller portal on the platform for posting property details for sale, list prices, images, and GPS location.
Land Inspector Portal - This feature inspect documents, initiate transactions in blockchain, check property details, and more from a single dashboard.
Smart Contract - Our smart contract development automates and enforces predefined rules, like property transfers and minimizes the need for intermediaries.
Crypto Wallet Integration - We integrate crypto wallet for initiating transactions in crypto for buying and selling properties on the platform.
Cryptographic Signature - Our experts integrate cryptographic signatures for buyers and sellers to sign the property agreement in the blockchain stored in permanent records.
Notifications - We ensure notification alerts for a new property listing in the market and request for details, and transfer title.
Recorded Transactions - Our platform maintains a tamper-proof record for all the transactions made as proof in land registration.
Property Listing - Our blockchain solution lists properties for sale and gets offers from buyers, facilitating selling on the blockchain without middlemen.
Benefits of Land Registration On Blockchain
Subscription Model - Our platform provides different access levels and support options, billed monthly or annually offering tiered subscription plans for users.
Property Listing - You can collect fees from sellers for listing properties and promoting the listings on our platform.
Transaction Fees - Our platform is implemented with a fee structure for property transactions aligning revenue with usage.
Advertising and Partnerships - Our blockchain solution can partner with real estate, finance, or tech businesses for advertising opportunities, generating revenue through content and banners.
Data Access Fees - Our platform offers options to purchase specific land data sets or reports beyond what’s included in subscriptions.
Government Integration - Business people who choose to integrate their land registry with our platform can avail revenue sharing or service fees which can be negotiated with governments.
Our Blockchain Land Registry Platform WorkFlow
Step 1: Register to the platform
Users can register in our blockchain land registry platform who wish to sell or buy properties. They can create a profile on our platform with details such as name, ID proofs and designation. These identity information of users gets stored on blockchain.
Step 2: Upload the property specifications on the platform
Sellers can upload properties’ images and documents on our platform and pin land’s location on map, which can be shown to all users who have signed up as a buyer after the process of uploading.
Step 3: Request access to the listed property
Buyer who is interested in a specific property can send a request to the seller. Once the seller receives notification, they can either deny or accept it. Buyers if interested can send a request to purchase and initiate the transfer. Transactions based on the requests are recorded on our blockchain solution.
Step 4: Approval of the transfer request
If the seller approves the land ownership transfer request, smart contracts trigger the land documents access to the land inspector. Once it's verified, a meeting will be scheduled for buyer and seller. Meeting records will be added to our blockchain platform for future disputes.
Step 5: Transaction verification and initiation
After verification is done, the land inspector adds the records to our blockchain land registry platform. Sellers and buyers download the document and sign the property ownership. Transfer is initiated and smart contracts are used to send funds to the seller and title’s ownership to a new buyer.
Step 6: Document Validation and Authenticity
Any authorized party can upload the signed land registry document on the platform and validate it. If the hash generated after uploading the document is the same as the hash created at the time of sign, then no modifications have been made to the document.
Why choose Osiz to build a Land Registry Platform?
Osiz is a top-notch blockchain development company with 15+ years of expertise in building blockchain-based land registry projects by using the latest technologies, including blockchain, smart contracts, and more. Our team of 500+ experts have profound knowledge and skills to develop feature-rich platforms with user-friendly interfaces and search filters. We create safe applications with better-code quality for real estate business ensuring a safe land registry. Our team has established a budget for the development in the real estate sector which is affordable and beneficial for our clients. We also offer a free demo which makes you understand our capabilities.
Source - https://www.osiztechnologies.com/blog/blockchain-land-registry-platform-development
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