Title: Blockchain-powered for the real estate solutions

Authors: Sanjeev Kumar; Aush Khan; Disha Agarwal

Addresses: Department of Computer Science and Engineering (AI), ABES Institute of Technology Ghaziabad, Ghaziabad, 201009, India ' Department of Computer Science and Engineering (AI), ABES Institute of Technology Ghaziabad, Ghaziabad, 201009, India ' Department of Computer Science and Engineering (AI), ABES Institute of Technology Ghaziabad, Ghaziabad, 201009, India

Abstract: Blockchain technology is revolutionising the real estate industry by offering promising benefits across various sectors. The real estate industry is undergoing a transformative revolution with the integration of blockchain technology. Blockchain technology provides a decentralised and tamper-proof ledger, enabling the creation of a trustless ecosystem for real estate transactions. By implementing smart contracts, our proposed system ensures automated and transparent property transactions, eliminating the need for intermediaries and reducing transaction costs. This proposed system enables blockchain to offer a decentralised and immutable ledger for different purposes in real estate, property rights and public registries. Smart contracts are pivotal in automating and streamlining these transactions for all stakeholders. The key expected benefits are increased efficiency, transparency, and data privacy. This proposed system uses Inter Planetary File System (IPFS) to store the images and facts. It is a secure and trustworthy solution for real estate and is better than other existing schemes.

Keywords: smart contracts; tokenisation; decentralised finance; immutable ledger; transparency in real estate transactions; security tokens.

DOI: 10.1504/IJBC.2025.144654

International Journal of Blockchains and Cryptocurrencies, 2025 Vol.6 No.1, pp.69 - 87

Received: 09 Jul 2024
Accepted: 10 Dec 2024
Published online: 25 Feb 2025 *

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