Thane Smart City completes 100 percent implementation of Blockchain Technology
With the completion of 100 percent, a blockchain-based platform for Property Tax Assessment, Thane Municipal Corporation (TMC) has emerged as one of the first in the nation, in adopting modern technology in its operating ecosystem. The initiative is taken as a first step towards flagship programs of MoHUA –‘Accelerating Growth of New India’s Innovation’ (AGNIi), Startup India and Invest India, which will implementation of blockchain technology eliminate multiple pain points by tracking late payments, dispute resolution, monitoring collection targets, recording non-delivery of bills, and facilitating inter-department coordination.
Integrating this modern technology will ensure faster approvals and provide a single point for data availability. This one-scan solution will also smoothen the process and relieve other involved stakeholders by enabling them to verify all the original documents with any recent updates.
The new blockchain-based platform has been implemented for the ULB by a Hyderabad based Startup VeriDoc Global India. The one-scan-away information provider will be ubiquitously sharing initially onboard data with most current updates for the benefit of various stakeholders.
Sameer Unhale, CEO of Thane Smartcity and Additional Municipal Commissioner, TMC, further asserted that Thane Municipal Corporation is the first in the country to implement Blockchain-based technology for its Property Tax Assessment and this technology intervention can help in eliminating the threat of fake documents, besides, significantly alleviate tedious paperwork.
(Source Express Computers)
