In July last year, the state corporation "Government for Citizens" together with second-tier banks (JSC "Halyk Bank of Kazakhstan", JSC "Bank Freedom Finance Kazakhstan", JSC "Otbasy Bank") launched a pilot project to automate and optimize the process of providing public services "State registration of rights (encumbrances) on real estate" using Blockchain technology.
Since the launch of the pilot project, 11,515 applications for state registration of pledges have been submitted by Kazakhstanis. Of these, through Otbasy Bank - 6429, JSC Halyk Bank of Kazakhstan - 2629, JSC Bank Freedom Finance Kazakhstan - 2457.
Now banks are sending to the State Corporation for electronic registration of a real estate pledge agreement using Blockchain technology. The service delivery period has been reduced from three working days to one working day. Due to the automation of the legal analysis process, the time from the moment the banks submitted an application to registration was 3 minutes. The human factor is completely excluded. Through the automation of the legal analysis process, 2,591 applications were submitted.
If earlier, when registering a pledge agreement with the 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 together with the registered contract, 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 portal.kz, and there is no need to apply to the State Corporation for obtaining documents confirming registration.
The Government also reminds citizens that the following real estate services can be obtained online through the eGov portal;
Registration of the occurrence of legal claims;
Registration of termination of legal claims;
Registration of collateral, rent, use;
Registration of changes in encumbrances as a result of changes in the terms of the contract;
Registration of a re-mortgage;
Registration of termination of encumbrances not related to the transfer of rights;
Registration of the notification of the beginning of the real estate sale out of court;
Registration of the auction notification;
Registration of rights during the reorganization of a legal entity (assignment of the right of claim under a loan agreement).