BlockEstate: Revolutionizing Real Estate Transactions through Hyperledger-based Blockchain Technology-Reference-Cited by-同舟云学术

BlockEstate: Revolutionizing Real Estate Transactions through Hyperledger-based Blockchain Technology

Published:2024-06-01 Issue:3 Volume:14 Page:14458-14464
ISSN:1792-8036
Container-title:Engineering, Technology & Applied Science Research
language:
Short-container-title:Eng. Technol. Appl. Sci. Res.

Author:

Naz Laviza Falak^ORCID,Qamar Rohail^ORCID,Asif Raheela,Ahmed Saad,Imran Muhammad

Abstract

This study introduces BlockEstate, an innovative platform to revolutionize real estate transactions through the application of Hyperledger blockchain technology. BlockEstate presents novel contributions in the form of a pioneering compensation request mechanism and a sophisticated chaincode for real estate transaction management. These advancements address long-standing challenges in traditional real estate transactions by leveraging the decentralization, immutability, and transparency of blockchain technology. By ensuring secure and transparent financial transactions and automating property ownership conveyances, BlockEstate sets a new standard for efficiency and safety in the real estate industry. This study comprehensively investigates the design, functionality, and impact of BlockEstate, highlighting its unique contributions and potential to transform the real estate market.

Publisher

Engineering, Technology & Applied Science Research

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