INTEGRATION OF BLOCKCHAIN IN REAL ESTATE TRANSACTIONS

Subject Area: Computer Science

This project delves into the transformative potential of integrating blockchain technology into real estate transactions, with a primary focus on enhancing security, transparency, and overall efficiency within the industry. The core objective involves the creation of a decentralized ledger system, leveraging blockchain's inherent features. The research methodology is comprehensive, encompassing a meticulous literature review, technical feasibility studies, and the development of a prototype utilizing smart contracts. A critical aspect of the project involves navigating legal and regulatory considerations to ensure seamless integration within existing frameworks. By utilizing smart contracts, the study aims to automate and optimize various aspects of property transactions, promising a paradigm shift in how real estate dealings are conducted. The anticipated outcomes of this research include the tangible realization of a prototype showcasing the capabilities of a blockchain-based real estate transaction system. Real-world simulations and case studies will provide empirical evidence, validating the viability and effectiveness of the proposed blockchain integration. As the real estate industry grapples with evolving challenges, this project strives to offer actionable insights for stakeholders seeking to harness the transformative potential of blockchain technology. The anticipated outcomes stand as a testament to the project's commitment to providing a secure and transparent platform for real estate transactions, paving the way for future innovations within the sector.