E-Governance of Properties using Blockchain Technology

Abstract

Blockchain technology can be utilized in various ways, and one of its potential uses is in the field of Real Estate. Real Estate transactions require high levels of security and transparency, which are characteristics provided by Blockchain technology. In the traditional process of buying a house, ownership is proven through a physical deed or agreement signed by the government, which is recorded in a ledger maintained by the government. However, if the ledger or deed is lost or damaged, there may not be any other concrete proof of ownership. To address this issue, we propose a system that allows for the creation of a digital deed through a smart contract, which is then recorded as a new block in the Blockchain. The distributed nature of Blockchain technology ensures the integrity of the records even in the case of a system failure or attack, as each node is present on multiple servers.