Blockchain Based Efficient and Accurate Property Title Retrieval and Secured Storage System

Abstract

A future-oriented, blockchain real estate market could help with making new plans of action of allying potential buyers and sellers. It is difficult to assume how properties of numerous sorts could be liquified, tokenized and exchanged. This blockchain paper will considerately influence transaction times as property sellers find entrusted buyers and the other way around, instead of hunting down a certifiable buyer and seller. It is more than likely that the entire real estate industry will gain advantage by this move, by bringing down the obstacle of real estate speculation and likewise eradication of center men. New meanings of property ownership and rental agreement will emerge from this move in the real estate business. The ownership of property need to be clearly stated and historically defined by documentation. There are many conflicts in ownership which is challenged in judicial/legal systems. The provision of maintaining the clarity of ownership is the responsibility of identified advocates and provided as Certificate of Title. There is no system taking care systematically of the overall transactions. The proposed will provide the secured transaction maintenance system for land/property transactions to support the timely verification of titles of said property. Also the implementation would be based on Blockchain Technology making the system transfer proof in storage of transactions.