RealDApp—Decentralized Real Estate Asset Transfer Protocol Based on Blockchain

Abstract

The RealDApp is made to give the government an effective means of managing and storing the land asset. It enables the government to move all of the data from the centralized registration and keep the land assets over the blockchain network, where they can be managed appropriately. The user is given the ability to buy or sell land assets via a web platform thanks to buying/selling protocols. It is essential for the government, which is in charge of keeping the land registration, to keep all the records safe and shield them from foreign cyberattacks and fraud. Blockchain technology can be used to do this. The user upload all of his documents which are relevant land assets on the blockchain network after registering and confirming his identity, protecting them by transferring submitting them to a decentralized registry. The system now includes buying/selling protocols in addition to merely being a decentralized database. Users can use the buying/selling protocols on the blockchain network to buy new land or sell their existing land without the use of a third-party system. It is impossible for fraud to occur because all network transactions are permanently stored over the chain and cannot be changed. This entire process helps the government manage the land registry in a secure manner while enabling users to acquire or sell land assets in a transparent and risk-free manner.