A Secure Land Asset Transfer System using Blockchain

Abstract

Property transfer is one of the use cases that involves a lot of intermediaries to put trust in the system.In the present scenario, property transactions are carried out on paper, giving rise to countless conflicts.Maintaining accurate records of land ownership and transfers is a very difficult task, made even more challenging by fraudulent or incomplete registries that can be extremely hard to trace back through history.The integrity of these records is crucial, but ensuring their accuracy is a complex undertaking.Blockchain can be utilized to overcome these predicaments faced in land dealings.The transparent nature of blockchain makes it possible to securely track the transfer of ownership from one individual to another reliably.Blockchain's immutable, auditable, and traceable features makes it a suitable solution for this use case.IPFS is a decentralized protocol and peer-to-peer network that facilitates the storage and sharing of data in a distributed file system.It's designed to enable efficient and secure sharing of files across a network of computers without relying on a central server.A solution of decentralized application or DAPP on Ethereum Blockchain is proposed through this work, which will be a one stop platform for buying, selling, or registering land.A systematic approach is used, right from the registration of the land inspector/buyer/seller to the registration of lands, making it available to sell, etc.