International Journal of Informatics and Communication Technology (IJ-ICT)
Vol 13, No 2: August 2024

Blockchain and ML in land registries a transformative alliance

Shukla, Vishnu (Unknown)
Raipurkar, Abhijeet Ramesh (Unknown)
Chandak, Manoj B. (Unknown)



Article Info

Publish Date
01 Aug 2024

Abstract

This study presents a novel method for merging blockchain security and machine learning (ML) valuation to update land register systems. The system offers a safe, open, and effective framework for documenting and managing land ownership, addressing issues with conventional land registry procedures. Blockchain technology creates a tamper-proof record by cryptographically combining transactions and time-stamped entries to provide an immutable and decentralized ledger. In addition to building a solid foundation for the land registry system, this strengthens trust. Simultaneously, ML algorithms examine variables such as amenities and location to remove inflated pricing, providing accurate assessments and encouraging openness in the real estate sector. The system has been put into practice and verified in small-scale applications. Its features include enhanced data security, expedited ownership transfers, and accurate asset appraisals. Collaboration between governments, regulatory agencies, and technology suppliers is necessary for widespread deployment. Land registration procedures will change as a result of the revolutionary partnership between blockchain and ML technology, which offers a more effective, safe, and future-ready environment. Accepting this ground-breaking technique establishes a new benchmark for the updating of land ownership data and is a major step toward a more sophisticated and dependable method in the industry.

Copyrights © 2024






Journal Info

Abbrev

IJICT

Publisher

Subject

Computer Science & IT

Description

International Journal of Informatics and Communication Technology (IJ-ICT) is a common platform for publishing quality research paper as well as other intellectual outputs. This Journal is published by Institute of Advanced Engineering and Science (IAES) whose aims is to promote the dissemination of ...