Abstract
Blockchain is trending in recent days as it is gaining ground in various technical fields. Smart contracts are the most reliable and secure technology to use when implementing a blockchain-based application. It can be used to maintain an asset record in a blockchain context and can automatically change ownership and attributes when a specific instance or condition is achieved. When it comes to buying or selling properties, real estate is one of the industries where most transactions take place on daily basis. When it comes to tracking real estate assets, blockchain technology seems to be more effective. Transparent ledgers simplify the process of managing inflows and outflows of real estate transactions. Therefore, the application of smart contracts in the real estate industry has the potential to bring about a radical transformation by making it more secure, dependable, and impenetrable. This study aims to develop a theoretical framework for deploying a novel blockchain-based smart contract for hassle-free real estate transactions. By observing this model, a person with little technical understanding can grasp the mechanism and operation of smart contracts in real estate management.
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Mohanty, A.K., Chandrasekhar Rao, D. (2023). A Novel Blockchain-Based Smart Contract for Real Estate Management. In: Chinara, S., Tripathy, A.K., Li, KC., Sahoo, J.P., Mishra, A.K. (eds) Advances in Distributed Computing and Machine Learning. Lecture Notes in Networks and Systems, vol 660. Springer, Singapore. https://doi.org/10.1007/978-981-99-1203-2_2
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