Application of Blockchain for Secure Real Estate Management Systems

Authors

  • Mutya Sri Lakshmi Meher Gayatri Pragati Engineering College (Autonomous), Surampalem, Andhra Pradesh, India
  • Manas Kumar Yogi Pragati Engineering College (Autonomous), Surampalem, Andhra Pradesh, India

DOI:

https://doi.org/10.46610/JoHTDCPCV.2024.v01i01.003

Keywords:

Attacks, Blockchain, Internet of Things (IoT), Real estate, Secure

Abstract

Real estate management systems are crucial for efficiently handling property transactions, ownership records, and regulatory compliance in the real estate industry. However, traditional real estate management systems face challenges related to security, transparency, and trustworthiness, leading to issues such as fraud, disputes, and inefficiencies. This paper explores the application of blockchain for secure real estate management systems, focusing on its potential benefits, implementation challenges, and use cases. Smart contracts have a superb advantage for avoiding fraud cases and instilling behaviour among the stakeholders of the system. We examine how blockchain can enhance security, streamline processes, reduce fraud, and improve trust in real estate transactions by providing a decentralized and tamper-proof platform for recording and verifying property ownership, contracts, and transactions. Additionally, we discuss the technical considerations, regulatory implications, and adoption barriers associated with implementing blockchain-based real estate management systems. This paper advocates a trustful mechanism for securing online transactions in the modern-day real estate marketplace.

Author Biographies

Mutya Sri Lakshmi Meher Gayatri, Pragati Engineering College (Autonomous), Surampalem, Andhra Pradesh, India

Under Graduate Student, Department of Computer Science and Engineering

Manas Kumar Yogi, Pragati Engineering College (Autonomous), Surampalem, Andhra Pradesh, India

Assistant Professor, Department of Computer Science and Engineering

Published

2024-04-16

How to Cite

Mutya Sri Lakshmi Meher Gayatri, & Manas Kumar Yogi. (2024). Application of Blockchain for Secure Real Estate Management Systems. Journal of Hacking Techniques, Digital Crime Prevention and Computer Virology, 1(1), 25–29. https://doi.org/10.46610/JoHTDCPCV.2024.v01i01.003

Issue

Section

Articles