In India, the ownership of a property is currently established by a presumptive land titling (RoR)-chain of documents that demonstrate the transfer of title from one person to another over time, all the way to the current owners. Only a two-party agreement for the transfer of property is accepted as registration. Because the office of the sub-registrar (SRO) simply registers deeds under the Central Registration Act of 1908 and does not verify land ownership, any one of these intermediate transactions could be contested. In our country, property fraud takes numerous forms.
Land records data, unlike other types of data, must be recorded in the blockchain with great accuracy. After permission from the state’s Revenue officials, the existing history of transactions on a piece of land must be entered into the blockchain. Data will be digitally signed and kept once it has been accepted. Any mutation will start from here.
The Revenue Department’s certificates will be maintained in the blockchain and can be utilized by other authorities, such as the bank, for any of the verification processes that occur throughout a land parcel/farmer transaction.
Other departments begin transactions involving changes in ownership, such as sales, loans, mortgages, mortgage releases, and crop updates. The verification of the details needs to be done using blockchain data during the beginning of the above-mentioned transactions. The transaction details should be stored in the blockchain after the approval of transactions in the corresponding database, such as the completion of deed registration/bank approval of a loan.
Blockchain-enabled GST Enforcement activities
GST is now being implemented in each state by the Department of Commercial Taxes. In most cases, once a GST registration is secured, the audit trail of all taxpayer transactions associated with a GSTIN is critical for enforcement and assessment purposes. Taxpayers’ key information, such as registrations, amendments, payments, ledgers, and annual returns, is used to make assessments to ensure that the correct tax is paid on time and that no dues or penalties are owed to them.
Taxpayers typically self-assess their returns, but tax enforcement officials must verify that allowed taxes are paid to the government on schedule.
The right information provided to the right authorities in a timely manner will bring effectiveness to the entire gamut of GST implementation and enforcement activities, plugging every gap arising due to the lack of decision support ready information, and thereby contributing to an increase in tax collections, recovery of tax liabilities, penalties, and so on.
Data may only be attached to blockchain-based GST records, making them immutable and tamper-proof. No changes or deletions are permissible, ensuring that all stakeholder agencies have the information they need to carry out their daily enforcement duties.
The blockchain-enabled GST records can also be accessed by stakeholders outside of the GST ecosystem, such as other government enforcement agencies.
Depending on the access rules specified, blockchain data can provide many views of the same data with varying granularity and features.
Durability and Reliability — Because blockchain is based on decentralized/distributed networks, there is no single point of failure, making it more resistant to hostile attacks. It becomes more dependable as security improves.
Stakeholders with power – Each stakeholder is in charge of their own transaction and data. Consensus is used for transaction approval.
Distributed ledger architecture can help you achieve high availability.
In India, 90% of blood donations are made at various organizations’ camps. While every donated blood is tested and safe blood is isolated, it is possible for hazardous blood to pass through the test and infect people. The repercussions of this condition may go unrecognized, yet they are fatal.
Donor authentication, identification, and, more crucially, donor filtration based on previous eligibility records are the most difficult aspects of establishing a blood bank. As a result, a centralized platform for blood donors is critical.
In the last 16 months, 2,234 persons have been infected with HIV as a result of a poor blood transfusion, according to the National AIDS Control Organization (NACO). In the last seven years, there have been around 14000 illnesses. Despite the fact that new testing procedures have resulted in shorter window periods for these deadly diseases, the problems continue to grow. The lack of a centralized blood donor registry and a mechanism for unique donor identification has been one of the major factors. Due to the lack of a centralized blood donor registry, blood donors who were confirmed reactive during a previous donation at a specific blood bank are forced to donate at different blood donation camps.
The goal of using Blockchain Technology in the blood bank system is to ensure that patients receive safe blood. The multiple entities in the chain can accomplish this; checking the quality/expiry of blood from the blockchain gives the required trust factor. The collection centers could also check the donor information to make sure that no untrustworthy individuals are included. As a result, all stakeholders would be able to find out how much blood is available at various blood banks.
- Any node in the network can check the quality of blood.
- Each node has access to donor history.
- It is possible to verify blood details, such as the expiry of blood at each step.
- The integrity of the sample to the receiver is kept.