It seems India is moving forward and showing its interest in Blockchain technology despite its ban by the government. After Tech Mahindra, other name that has been added in this list is the Thane Municipal Corporation (TMC). Now, the TMC is wprking on a pilot blockchain-based solution along with the partnership of Hyderabad-based Veridoc Global India for property tax assessment as a part of a big initiative to create a digital system to engage with citizens. The TMC caters its services to over 2.5 million populations in Thane.
This project of integrating blockchain technology for the proeprty tax documents happens to help in faster approvals and serves a single point for data availability. In addition to it, the one-scan solution is also anticipated to escalate the process and make it simpler by allowing various stakeholders to verify the original document along with recent updates. This step is going to benefit bank executives, proeprty buyers, lessess and others. This blockchain intiative is taking place under the flagship programmers of the Ministry of Housing and Urban Affairs that accelerate growth of New India’s Innovation (AGNii), Startup India and InvestIndia. Call on blockchain helpline number which is functional all the time for guidance.
Blockchain technology is productive for doucment verification
The Blockchain technology is considered productive in those cases where documents have to be proved genuine most of the times in public domain – said by Sammer Unhale who is a CEO of Thane Smartcity and additional municipal commissioner, TMC. Government data is sometimes takes in silos and blockchain solution helping in uniting that and also ease the administrative overhead along with the reduce processing time for citizen requests and verification time for other officials. He further added that the government can swap from problem-solving mode to nation-building mode. The solution is going to verify all type of document stored on the blockchain through a QR code said by Rea Achalkar who is a CEO of VeriDoc Global India. To deal with any kind of Blockchain trouble, call on Blockchain customer care number which is functional all the time for guidance. You can contact the team anytime for fruitful results.
Traditional method used to take a few days for verification
When the data has been updated, QR code will be scanned
by an authorized external agency and the system is going to bring out the
original certificate or document for quick verification. In traditional way, this process consume a
few days includes visit to the office or wait for the document to get verified
prior to proceed furtehr with a transaction. The blockchain technology solution
serves an anti-fraud instant document verification system that assures a user
is able to access authentic document which is craeted at source and stored in
an encrypted format on the blockchain network. This one-sacn-away information provides will
be sharing onboarded data globally with present updates for the benefits of
numerous stakeholders. Because of the successful outcome of the pilot, there is
an expectation of the final implementation that is going to take two months
said by Achalkar.