You can register a pledge agreement with Otbasy Bank without going to the PSC The state Corporation "Government for Citizens" together with the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan, the Ministry of Justice of the Republic of Kazakhstan and Otbasy Bank (a subsidiary of the Baiterek Holding) introduced Blockchain technology into public services for registration of a real estate pledge agreement for individuals. Now Kazakhstanis applying for a mortgage can get acquainted with the pledge agreement in their personal account on the baspana.otbasybank portal.kz and sign it with an EDS. The finished result in the form of a notification of state registration of encumbrance of rights to immovable property will come to them there and in their personal account on the eGov portal. Previously, when registering a pledge agreement, a person had to take a document from the bank and take it to the PSC. The contract was registered in the Public Service Center, after which the client took a certificate of encumbrance and submitted it to the bank together with the registered contract. Now, thanks to Blockchain technology, this process is automated, a person does not need to walk between the bank and the PSC, the bank itself will send the necessary documents to the PSC Automation of the online registration of the real estate pledge agreement will allow the bank's clients to shorten this process from 3 days to 1 day. And on the part of Otbasa Bank, there will also be a reduction in operating costs for signing and verifying real estate pledge agreements. Online registration of collateral using Blockchain in Otbasy Bank started two weeks ago. All you need is an electronic digital signature. The Blockchain system is a technically constructed chain of blocks that completely excludes the possibility of transferring data to third parties. This allows you to ensure complete reliability and security of the transmitted data. The government is ready to provide this infrastructure for all banks for citizens. Currently, work is underway on the side of several banks to connect to this project.