Blockchain Implementation Using Smart Contracts to Secure the Online Real Estate Business Transactions

Abstract

Trust and security are characteristics of every successful business. One such business is Real Estate Business, a business that buys, sells manages the Real Estate properties engage all the transactions that are related to Real Estate assets for the profit. The authors intend to aid in the security and transparency of all the real estate associated information by bringing a blockchain model which will monitor the transactions between the owner of the property and the Buyer. Blockchain will help in better decision making for every user, as they will be able to view the necessary details. Transactions will be more secure and transparent. Thus, decreasing fraud and increasing trust in technology.

 Keywords: Blockchain, Design Science Research, Real Estate, Transparent, Trust Free, Secure.