Smart Solutions using Blockchain-Powered Property Booking System

In the traditional land and house registration system in India, brokers play a central role in facilitating transactions between buyers and sellers. These intermediaries handle the creation and assembly of physical documents required to establish ownership and agreements. Once the necessary paperwork is completed, the broker ensures the registration of the property at an authorized government office, where the transaction details are manually recorded in a ledger. However, this process is fraught with challenges, including the risk of document loss, tampering, or unauthorized alterations, as physical records can be easily accessed or manipulated by individuals with influence or power. Such vulnerabilities compromise the integrity of property ownership and create opportunities for corruption and fraud. In contrast, the proposed system leverages smart contracts and the Hyperledger framework to create a more secure, transparent, and decentralized alternative. Smart contracts automate the transaction process, ensuring that all terms are enforced without the need for intermediaries, while the Hyperledger framework ensures immutability and synchronization of records across a decentralized network. This innovative approach eliminates manual inefficiencies, enhances security, and reduces opportunities for fraud by providing a tamper-proof system. Furthermore, the transparency and portability offered by the proposed solution install greater trust among participants, making it a robust alternative to traditional methods. By combining these advanced technologies, the system addresses critical weaknesses in the traditional approach and sets a new standard for property registration processes. The proposed system uses smart contracts and the Hyperledger framework to create a secure, transparent, and decentralized property registration solution. Smart contracts automate transactions, removing the need for intermediaries, while Hyperledger ensures tamper-proof records and synchronized data across a decentralized network. This eliminates inefficiencies, enhances security, reduces fraud, and builds trust among participants, offering a modern, reliable alternative to traditional registration methods.