Blockchain-Based Decentralized Documentation System
C. R. Sriram, Prasanna Moorthy A. P., Santhi Krishnan, T. Chellatamilan, M. S. Anbarasi · Advances in logistics, operations, and management science book series · 2023
Property enrolment is a salient process. There are several escape clauses and issues. The existing system endures the fabrication of land documents which results in a loss of revenue to the government. So, developing a decentralized online registration using blockchain (BC) makes it comfortable for citizens to transfer property, prevents the touting of the same property to various buyers, and also helps the government to monitor and keep track of property movement to prevent money laundering on real estate. The process of automation eliminates the need for more humans to employ and also reduces the need for storage building which is required for storing physical documents. In this chapter, interplanetary file system (IPFS) is used for connecting all computing devices or nodes with the same system files and storing large files effectively. The land is successfully transferred between users after the successful completion of payment. Moreover, the proposed hybrid system does not require nodes to solve complex puzzles and thus reduces the use of high computational energy.