Studying the Application of Blockchain in Real Estate for Secure and Efficient Record-Keeping

Abstract

Real estate sectors are presently dominant and constitute a significant portion of the nation’s gross domestic product. Nevertheless, real estate deals can be forged through forged documents or operations. Numerous changes have been suggested, yet distributed ledger innovation has the potential to solve the majority of these problems. As Blockchain was initially developed to keep a financial record, its application can be expanded to include any decentralized computing structure, such as electronic record-keeping and administration structures. According to recent research, the application of Blockchain in the real estate field is still comparatively novel and unknown. As a result, in this paper, a blockchain-oriented framework for developing real-estate record-keeping is suggested. The suggested model was implemented in the Ethereum blockchain system, and the results demonstrated that it supported the development of secure, and efficient record-keeping.