Otbasy Bank can register a pledge agreement without going to the PSC State Corporation "Government for Civil"
Business with the help of the digital, innovative and aerospace sectors 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 under the 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 the state registration of encumbrance of 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 technologies, this process is automated, a person does not need to walk between ATMs and a PSC, the bank itself will send the necessary documents to the PSC. Automation of services for registration of a real estate pledge agreement allows you to reduce this process from 3 days to 1 day. And on the part of Otbasa Bank, there will also be a reduction in the costs of 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 infrastructure for all banks for citizens. Now work is underway on several banks to connect to this project.