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Securing Property Rights in India Through Distributed Ledger Technology

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  • Meghna Bal

Abstract

India registered rapid economic growth over the past couple of years, with the GDP growing 7.6 percent in 2015-2016. While economic activity remains buoyant, however, the country still has a long way to go. The government must capitalise on the current economic momentum and use it to accelerate its reform agenda. One of the areas requiring regulatory attention is the property market. Despite a push for reform through the Digital India Land Records Modernization Programme (DILRMP), India’s current land title system remains plagued with deficiencies. There is a need for a standardised property rights regime if India aims to be an economic powerhouse. To bolster current systems, a decentralised, open, and transparent method of record-keeping must be introduced, supplemented by a legal framework capable of guaranteeing and enforcing property rights. A possible solution to the current record-keeping conundrum lies in blockchain technology.

Suggested Citation

  • Meghna Bal, 2017. "Securing Property Rights in India Through Distributed Ledger Technology," Working Papers id:11567, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:11567
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    Citations

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    Cited by:

    1. Uzair, Muhammad Mansab & Karim, Emadul & Sultan, Prof. Dr. Shair & Ahmed, Syed Sheeraz, 2018. "The Impact of Blockchain Technology on the Real Estate Sector Using Smart Contracts," MPRA Paper 88934, University Library of Munich, Germany.
    2. Prince Donkor Ameyaw & Walter Timo de Vries, 2020. "Transparency of Land Administration and the Role of Blockchain Technology, a Four-Dimensional Framework Analysis from the Ghanaian Land Perspective," Land, MDPI, vol. 9(12), pages 1-25, December.
    3. Bennett, Rohan Mark & Pickering, M. & Sargent, J., 2019. "Transformations, transitions, or tall tales? A global review of the uptake and impact of NoSQL, blockchain, and big data analytics on the land administration sector," Land Use Policy, Elsevier, vol. 83(C), pages 435-448.
    4. Mintah, Kwabena & Boateng, Festival Godwin & Baako, Kingsley Tetteh & Gaisie, Eric & Otchere, Gideon Kwame, 2021. "Blockchain on stool land acquisition: Lessons from Ghana for strengthening land tenure security other than titling," Land Use Policy, Elsevier, vol. 109(C).
    5. Uzair, Muhammad Mansab & Karim, Emadul & Sultan, Prof. Dr. Shair & Ahmed, Syed Sheeraz, 2018. "The Impact of Blockchain Technology on the Real Estate Sector Using Smart Contracts," MPRA Paper 89038, University Library of Munich, Germany.

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