Ethereum based Real Estate Management

Abstract

The use of blockchain technology to facilitate the automatic transfer of real estate assets like Industrial estates, Commercial Estates, Residential Flats, etc. after a specified amount of time or to handle claim requests from designated parties is explored in this research paper. The current real estate transfer procedure can take a long time and is prone to mistakes, which can result in disputes and inefficiencies. A safe and open mechanism for controlling these transfers can be made by utilising blockchain technology. Blockchain is a mechanism that the proposed system employs to automate asset transfers based on established rules or nominee claims and to retain digital records. The technology makes sure that every transaction is verified and added to the blockchain, giving a complete and verifiable record of ownership transfers.