A Suggestive Block Chain Smart Transaction Model for Property Transactions in India

Abstract

Blockchain technology has gained significant traction across the globe, with India emerging as a growing hub for its application. At its core, blockchain is a decentralized, distributed ledger that records transactions across multiple computers. The immutability and transparency of blockchain make it particularly attractive for various industries, especially when integrated with smart contracts. These self-executing contracts, coded onto the blockchain, automatically enforce the terms of an agreement without the need for intermediaries. This chapter explores the significance of blockchain in India, its major applications, advantages, challenges, and future prospects. Blockchain technology holds immense potential to transform India's digital ecosystem.