Real Estate Security using Blockchain
Ravi Suryawanshi, Nikita Borase, Manjusha Kamble, Saloni Kharat · International Journal of Advanced Research in Science Communication and Technology · 2023
Property is an important asset, and the use of blockchain technology can help improve the implementation of work in this sector as well as its characteristics significantly for a smooth and trouble-free work flow to achieve a reliable system. Property sales or property transactions can be carried out using the blockchain. By using blockchain, we can make our property sales transactions safer and faster. At the moment, we can developa private blockchain for property transactions. Individuals orgroups interested in conducting property transactions using the blockchain must join or register with the property transaction blockchain. A registered user can only buy or sell property through the blockchain. Blockchain smart contracts aid in the process of purchasing property. Once the buyer and seller have agreed on theterms (property details) and the buyer wants to proceed with the transaction, the property transaction can be done with the help ofa smart contract. A smart contract is a computer programme that runs automatically when specified conditions are met. So when a transaction takes place between a buyer and a seller, the contract between them is generated by a smart contract. The smart contractgenerated in this way can be used as proof.