Paper Title: ENHANCING SECURE TRANSFER AND MANAGEMENT OF PROPERTY OWNERSHIP WITH CRYPTO SYSTEM IN BLOCKCHAIN
Author's name: G.Mahalakshmi, E.Uma and Midhunadharshini G
The traditional real estate industry faces significant challenges, including fraud, lack of transparency, and inefficiency. In this report explores the Decentralized Real Estate project, which leverages blockchain technology to address these issues and create a secure and transparent platform for real estate transactions. The lack of transparency hinders informed decision-making for buyers and sellers, while inefficiencies, such as lengthy processing times and multiple intermediaries, contribute to delays and increased costs. This platform eliminates intermediaries, enabling direct interactions between buyers and sellers in the real estate industry. Smart contracts automate and enforce agreements, streamlining the transaction process and reducing costs. The decentralized nature of the network ensures data integrity and accessibility, without the need for a central authority. By leveraging blockchain technology, this innovative solution revolutionizes the traditional real estate landscape, providing a secure and transparent platform for efficient transactions. Features like fractional ownership and crowdfunding promote liquidity and democratize real estate investment opportunities. This innovative approach fosters increased transparency, enhanced security, improved efficiency, and broader accessibility in real estate transactions. By examining the benefits and implications of this solution, this report provides insights into the potential transformation of the real estate industry toward a more secure, efficient, and inclusive future.