Greenlakes, a Bengaluru-based prop-tech startup on Tuesday introduced a pioneering blockchain-based resolution for its flagship venture ‘Greenlakes Farmlands,’ making it the primary Indian firm to make use of blockchain options for farmlands.
This resolution claims to be a non-editable distributed ledger that offers customers entry to clear, trusted and verified details about their land, significantly through the registration course of.
For a landowner, blockchain in farmland meant transparency in land possession historical past spanning many years, safe, encumbrance-free property with clear title, capability to trace farm property from afar resulting in accountability and traceability that’s the capability to hint agricultural produce grown in your land proper from seed to reap stage, based on the agency.
Users of this resolution would be capable of profit from this know-how from the preliminary registration course of to the development of their farmhouse and the farming actions on their land. Moreover, the usage of blockchain know-how would result in a rise within the worth and appreciation of farmland and farmhouse, the corporate stated at a media convention.
Almas Johari, Greenlakes’s CEO, and an alumnus of IIM Bangalore stated, “We consider that blockchain know-how is a game-changer for the farmland and farmhouse industry.’‘
Over the previous few years, blockchain know-how has emerged as a invaluable device in addressing challenges in varied sectors, similar to banking, healthcare, agriculture, and provide chain administration. More not too long ago, it has additionally been gaining traction in the true property industry. In Karnataka, blockchain know-how has already began being applied for land registrations, making it one of many first states within the nation to undertake this know-how.
Greenlakes Farmlands is 100-acre farmland situated on the Doddaballapur-Hosahalli Road.
