Application of Blockchain to Prevent Benami Transactions

Abstract

Blockchain is a distributed, decentralized, and unchangeable ledger that keeps track of all transactions. The inability to edit a transaction once it has been created helps eliminate the need for central servers and outside middlemen. Blockchain improves security and guarantees anonymity by doing away with the need for middlemen in transactions between two parties. It can be applied to a wide range of industries, including real estate, where it can be extremely helpful in avoiding benami transactions. This essay covers the core ideas of blockchain technology and looks at the various ways it can be used in the real estate industry.