Polygon Baggage Its Second Partnership With the Indian Authorities

• An Indian state has partnered with Airchains and Polygon to implement a blockchain-based land possession system.
• The collaboration goals to sort out the pervasive situation of fraudulent land doc mutation.
• This joint effort marks Polygon’s second use case by the Indian authorities.

Sandeep Nailwal, the founding father of Polygon, not too long ago tweeted in regards to the significance of real-world Web3 use instances in driving the mainstream adoption of cryptocurrencies. In his tweet, he highlighted a major improvement within the Indian state of West Bengal, the place the Metropolis Improvement Authority has partnered with Airchains and Polygon Supernets to implement a blockchain-based land possession and mutation system.

Nailwal talked about that land doc mutation via illegal means is a pervasive situation in India, resulting in numerous landowners falling sufferer to fraudulent actions. He emphasised that leveraging blockchain expertise can tackle this drawback successfully. He additionally added that by implementing a clear and safe digital system on Polygon Supernets, the West Bengal Metropolis Improvement Authority goals to stop scams and create a reliable platform for land possession transactions.

One fascinating side highlighted in Sandeep Nailwal’s tweet is that the blockchain-based land possession system additionally facilitates fractional property possession. Fractional possession permits a number of traders to personal a portion of a property, enabling broader entry to actual property investments.

Nailwal expressed his gratitude and pleasure relating to the West Bengal Metropolis Improvement Authority’s alternative of Polygon because the blockchain platform for his or her use case. He additionally talked about that that is one other use case the place the federal government of India has chosen Polygon for its use.

Airchains, established in 2022 by Sinha and Kritarth Agrawal, affords customers the potential to deploy, develop, and broaden their very own blockchains. Airchains has fashioned partnerships with varied authorities our bodies in India, together with the police division in Firozabad, to introduce a grievance administration system powered by blockchain expertise.

Moreover, the corporate has collaborated with the Raigarh district administration to determine a blockchain-based monitoring system for monitoring industrial Company Social Accountability (CSR) plantation actions. Moreover, Airchains has labored with the Telangana state transport division to implement blockchain options for transportation administration.