Enregistré dans:
| Auteurs principaux: | , , |
|---|---|
| Format: | Preprint |
| Publié: |
2023
|
| Sujets: | |
| Accès en ligne: | https://arxiv.org/abs/2308.05950 |
| Tags: |
Ajouter un tag
Pas de tags, Soyez le premier à ajouter un tag!
|
| _version_ | 1866916374774808576 |
|---|---|
| author | Dwivedi, Ras Patel, Sumit Shukla, Sandeep |
| author_facet | Dwivedi, Ras Patel, Sumit Shukla, Sandeep |
| contents | Land, being a scarce and valuable resource, is in high demand, especially in densely populated areas of older cities. Development authorities require land for infrastructure projects and other amenities, while landowners hold onto their land for both its usage and its financial value. Transferable Development Rights (TDRs) serve as a mechanism to separate the development rights associated with the land from the physical land itself. Development authorities acquire the land by offering compensation in the form of TDRs, which hold monetary value. In this paper, we present the tokenization of development rights, focusing on the implementation in collaboration with a development authority. While there have been previous implementations of land tokenization, we believe our approach is the first to tokenize development rights specifically. Our implementation addresses practical challenges related to record-keeping, ground verification of land, and the unique identification of stakeholders. We ensure the accurate evaluation of development rights by incorporating publicly available circle rates, which consider the ground development of the land and its surrounding areas. |
| format | Preprint |
| id |
arxiv_https___arxiv_org_abs_2308_05950 |
| institution | arXiv |
| publishDate | 2023 |
| record_format | arxiv |
| spellingShingle | Blockchain-Based Transferable Digital Rights of Land Dwivedi, Ras Patel, Sumit Shukla, Sandeep Distributed, Parallel, and Cluster Computing Cryptography and Security Land, being a scarce and valuable resource, is in high demand, especially in densely populated areas of older cities. Development authorities require land for infrastructure projects and other amenities, while landowners hold onto their land for both its usage and its financial value. Transferable Development Rights (TDRs) serve as a mechanism to separate the development rights associated with the land from the physical land itself. Development authorities acquire the land by offering compensation in the form of TDRs, which hold monetary value. In this paper, we present the tokenization of development rights, focusing on the implementation in collaboration with a development authority. While there have been previous implementations of land tokenization, we believe our approach is the first to tokenize development rights specifically. Our implementation addresses practical challenges related to record-keeping, ground verification of land, and the unique identification of stakeholders. We ensure the accurate evaluation of development rights by incorporating publicly available circle rates, which consider the ground development of the land and its surrounding areas. |
| title | Blockchain-Based Transferable Digital Rights of Land |
| topic | Distributed, Parallel, and Cluster Computing Cryptography and Security |
| url | https://arxiv.org/abs/2308.05950 |