Kazakhstanis filed more than 11 thousand applications for state registration of pledge online

In July last year, the State Corporation "Government for Citizens" together with second-tier banks (Halyk Bank of Kazakhstan JSC, Bank Freedom Finance Kazakhstan JSC, Otbasy Bank JSC) launched a pilot project to automate and optimize the process of providing public services " State registration of rights (encumbrances) to real estate” using Blockchain technology. Since the launch of the pilot project, Kazakhstanis have submitted 11,515 applications for state registration of pledges. Of these, through "Otbasy Bank" - 6429, JSC "Halyk Bank of Kazakhstan" - 2629, JSC "Bank Freedom Finance Kazakhstan" - 2457. Now banks send to the State Corporation for electronic registration of a real estate pledge agreement using Blockchain technology. The term for the provision of services has been reduced from three business days to one business day. By automating the process of legal analysis, the time from the moment banks filed an application to registration was 3 minutes. The human factor is completely excluded. Through the automation of the legal analysis process, 2591 applications were submitted. If earlier, when registering a pledge agreement with a bank, the client had to take it and take it to the PSC for registration, and then take a certificate of encumbrance and submit it to the bank along with the registered agreement, now thanks to Blockchain technology this process is automated. Thus, the result of the public service is always available to recipients in the personal account of the egov.kz portal, and there is no need to contact the State Corporation to obtain documents confirming registration. The government for citizens also reminds that the following real estate services can be obtained online through the eGov portal; - Registration of occurrence of legal claims; - Registration of termination of legal claims; - Registration of pledge, rent, use; - Registration of changes in encumbrances as a result of changes in the terms of the contract; - Registration of remortgage; - Registration of the termination of the encumbrance, not related to the transfer of rights; - Registration of a notification about the start of the sale of real estate out of court; - Registration of the notification about the auctions; - Registration of rights during the reorganization of a legal entity (assignment of the right to claim under a loan agreement).