The state of Maharashtra, India, proposes to monetize land through block chain technology

Wu stated that it had been informed that Devendra Fadnavis, Chief Minister of Maharashtra, India, had written that he had chaired the deliberations on the draft Maharashtra Land Currency Digital Assets and Transactions Act (Delta Act), which was intended to use block-chain technology to monetize land and other real estate and to trade through coins linked to real estate value. A committee composed of representatives of the Securities and Exchange Commission of India (SEBI), the Mumbai Stock Exchange (BSE), the National Stock Exchange of India (NSE) and industry experts will be set up locally to develop the relevant legislative framework。