Real Estate Management System using Blockchain

The real estate sector is characterized by significant complexity, involving numerous intermediaries, extensive documentation, and substantial transaction costs. Traditional property transaction methods are often delayed by lengthy processing times, a lack of transparency, and inefficiencies, leading to challenges such as disputes, delays, and high costs associated with third-party services. These issues highlight the necessity for innovation within the real estate industry. Blockchain technology presents a new solution to these challenges, offering a decentralized and immutable framework that can transform the processes of buying, selling, and managing real estate. By enabling peer-to-peer transactions, blockchain reduces the need for intermediaries and lowers transaction fees. Furthermore, its transparent and secure nature enhances trust and security in real estate transactions. This research study explores the implementation of a decentralized real estate transaction platform utilizing blockchain technology, with a focus on smart contracts. These self-executing contracts, embedded with predefined rules, automate various aspects of real estate transactions, including property listing, document verification, and transaction execution. Key features of the platform include secure peer-to-peer transactions, accessible transaction histories, verified document authenticity by authorized inspectors, and streamlined property listings. The goal of this research study is to democratize real estate transactions by providing a decentralized and transparent platform, thereby making transactions more accessible, efficient, and cost-effective for buyers and sellers on a global scale.