Bengaluru : Over the past few years, blockchain technology has emerged as a valuable tool for addressing challenges in various sectors, such as banking, healthcare, agriculture, and supply chain management. More recently, it has also been gaining traction in the real estate industry. In Karnataka state, blockchain technology has already started being implemented for land registrations, making it one of the first states in the country to adopt this technology.

Building on this momentum, Greenlakes, the Bangalore-based Prop-tech startup, announced addressing pressconference a pioneering blockchain-based solution for its flagship project ‘Greenlakes Farmlands,’ making it the first Indian company to use Blockchain solutions for farmlands. Revolutionary New Platform to provide a secure transparent way to Register land, Construct farmhouses and cultivate crop

A blockchain is a non-editable distributed ledger that gives users access to transparent, trusted and verified information about their land, particularly during the registration process. For a landowner, blockchain in farmland means, Transparency, Security, Convenience and   Traceability.

Almas Johari, Greenlakes’s CEO, an alumnus of IIM Bangalore said, “We are thrilled to be the first company in India to use the power of blockchain technology in the farmland and farmhouse industry,” “Our goal is to provide our customers with an enhanced buying experience and increased transparency throughout the entire process, from registration to construction to farming. Blockchain technology will enable us to achieve this goal by providing an unalterable record of every transaction, ensuring transparency and security for our customers,” Almas added.

Almas further added, “We believe that blockchain technology is a game-changer for the farmland and farmhouse industry, and Greenlakes is excited to be at the forefront of this revolution.” “Customers can enjoy the benefits of this technology from the initial registration process to the construction of their farmhouse and the farming activities on their land. Moreover, the use of blockchain technology will lead to an increase in the value and appreciation of farmland and farmhouse. Customers can have confidence in their investment knowing that they have a transparent and secure record of their property. This technology will also help build trust between the company and its customers”, he added.