REAL ESTATE USING BLOCKCHAIN (KEY IJP************341)

• Amey Dalvi,Rohit Jadhav,Vinit Kareliya,Tejas Jaiswal

Abstract

With the introduction of blockchain technology, the real estate sector is changing. Because blockchain technology is decentralized and unchangeable, it was first developed for cryptocurrencies like Bitcoin but has found use in many other industries. Blockchain promises to improve security, facilitate transactions, and promote transparency in the real estate industry. The use of blockchain technology in real estate management and transactions is examined in this article. It looks at how blockchain technology can transform escrow services, smart contracts, title transfers, and other conventional property transaction processes. Real estate transactions can be made more accessible, economical, and efficient by utilizing blockchain technology Blockchain use in real estate is not without its difficulties, though. Scalability, interoperability, and regulatory compliance are a few of the major obstacles that must be overcome before broad use. To further foster confidence among stakeholders, worries about data security and privacy must be properly handled.The potential advantages of blockchain technology in real estate are enormous, notwithstanding these difficulties. Blockchain has the potential to completely change the way that real estate is purchased, sold, and managed by facilitating quicker transactions, cutting expenses, and enhancing transparency. Blockchain technology is set to play a major role in real estate in the future as regulations change and the technology advances.