• An Indian state has partnered with Airchains and Polygon to introduce a blockchain-based land possession system.
• This cooperation goals to handle the pervasive downside of mutation of fraudulent land paperwork.
• This collaboration demonstrates the second use of Polygon by the Authorities of India.

Polygon founder Sandeep Nailwal just lately tweeted concerning the significance of real-world Web3 use circumstances in driving mainstream adoption of cryptocurrencies. In his tweet, he highlighted vital developments in India’s West Bengal state. There, the City Growth Authority is partnering with Airchains and Polygon Supernets to implement a blockchain-based land possession and mutation system.

Mr Neerwal stated falsification of land paperwork via unlawful means is a widespread downside in India, with numerous landowners falling sufferer to fraudulent practices. He emphasised that leveraging blockchain know-how can successfully deal with this problem. He additionally stated that by implementing a clear and safe digital system in Polygon Supernet, the West Bengal Metropolis Growth Authority goals to stop fraud and create a reliable platform for land title transactions. added.

One attention-grabbing facet highlighted in Sandeep Nailwal’s tweet is that blockchain-based land possession techniques are additionally facilitating fractional possession. Fractional titles permit a number of traders to personal parts of a property, permitting broader entry to actual property investments.

Nailwal expressed his appreciation and pleasure that the West Bengal Metropolis Growth Board has chosen Polygon because the blockchain platform for his or her use case. He additionally stated that is one other use case the place the Indian authorities has chosen to make use of his Polygon.

Based in 2022 by Sinha and Kritarth Agrawal, Airchains provides customers the flexibility to deploy, develop and prolong their very own blockchains. Airchains has partnered with numerous authorities businesses in India, together with the Police Division of Firozabad, to introduce a criticism administration system powered by blockchain know-how.

Moreover, the corporate has collaborated with the Raigal district administration to ascertain a blockchain-based monitoring system to trace the business’s company social duty (CSR) plantation actions. Moreover, Airchains has labored with the Telangana State Transport Authority to implement a blockchain answer for site visitors administration.