Authors : Ravleen Kaur

Volume/Issue : Volume 9 - 2024, Issue 7 - July

Google Scholar : https://tinyurl.com/yjd9ckv5

Scribd : https://tinyurl.com/mvtn95xm

DOI : https://doi.org/10.38124/ijisrt/IJISRT24JUL1234

Abstract : The emergence of blockchain technology is driving a significant revolution in the real estate sector. The revolutionary potential of blockchain technology to transform property management and transactions and bring in a new era of efficiency, trust, and transparency is examined in this study. This paper explains how blockchain's fundamental properties—decentralization, immutability, and smart contracts—can solve persistent problems in property management, like fraud, inefficiencies, and lack of transparency [1].

Keywords : Blockchain, Decentralization, Transparency, Property Management.

References :

1. JATAPP, "Blockchain for Real Estate : Use Cases and Examples. https://jatapp.co/blog/blockchain-real-estate/#:~:text=For%20 example%2C%20by%20user %20 Ethereum,regulations%20compliance%2C %20and%20so%20on.(accessed 24 May, 2024)
2. IBM, “What is Blockchain?” https://www.ibm.com/ topics/blockchain (accessed 14 April, 2024)
3. LeewayHertz, “AI in Real Estate : Use cases, technologies, implementation and development”, https://www.leewayhertz.com/ai-in-real-estate/ ( accessed 17 April, 2024)
4. Seven Bits Technologies, “Property in Pixels : Understanding the Impact of Blockchain in Real Estate”, https://www.sevenbits.in/post/exciting-times-for-real-estate-how-blockchain-is-tran sforming-t he-industry (accessed 2 June, 2024)
5. Highen fintech labs, “Decentralization : Unveiling the power of blockchain’s decentralized nature”, https://www.highenfintech.com/blogs/blockchain-freedom-from-corrupt-governments/ (accessed 6 June, 2024)
6. The Wall Street Journal, “Blockchain and smart contracts could transform property transactions” ,https://deloitte.wsj.com/cfo/blockchain-and-smart-contracts-could-transform-property-transactions-1514955733 (accessed 14 May, 2024)
7. Imaginovation, “Smart contract in real estates: Benefits, Use cases and examples”, July 31, 2023, https://imaginovation.net/blog/smart-contracts-in-real-estate/ (accessed April 1,2024)
8. Deloitte, Blockchain in Commercial Real Estate: The Future is Here, Deloitte, February 2016.
9. The Land Registry in the blockchain- A development project with Lantmäteriet (The Swedish Mapping, cadastre and land registration authority), Telia Company, ChromaWay and Kairos Future, July 2016
10. Fibree,” Synergizing IoT, Blockchain, and AI: A Trifecta of innovation in real estate, May 23,2023,https://fibree.org/synergizing-iot-blockchain-and-ai-a-trifecta-of-innovation-in-real-estate/(accessed 5 June,2024)