Blockchain startup ChromaWay has partnered with the government of the Indian state of Andhra Pradesh to build a blockchain-powered solution for a secure and smart system of land registration.
Henrik Hjelte, CEO of ChromaWay, is presenting the pilot project today at the Blockchain Business Conference in Visakhapatnam. KPMG India, knowledge partners of Fintech Valley Vizag – the flagship initiative of the government of Andhra Pradesh – was instrumental in organising the pilot, he says.
Bitcoin: An Investment Safe Haven to Dominate 2021Go to article >>
Mr J A Chowdary, Special Chief Secretary and IT advisor to the Chief Minister of Andhra Pradesh, said: “Blockchain is the technology of the future. It will not only change the way we perceive processes but it also has the potential to transform the economy. Of course, we all are yet to fully discover this technology and hence the Government of Andhra Pradesh has engaged with startups from across the globe such as Chromaway to run proofs of concept within its own departments.
The two implemented use cases that will be showcased at the Blockchain Business Conference hosted at Fintech Valley Vizag are in the areas of Land Registration and Road Transport Authority. Chromaway’s expertise and previous implementation in countries such as Sweden has added immense value to our understanding of blockchain.”
Founded in 2014, ChromaWay is headquartered in Stockholm, and has offices in Tel Aviv, Lviv, and Washington DC. It first gained experience with blockchain land registries when it was chosen as the technology provider for a long-term pilot organised by the Swedish land registry, Lantmäteriet.