Download PDFOpen PDF in browserSmart lLand Registration System Using BlockchainEasyChair Preprint 1286413 pages•Date: April 1, 2024AbstractThe traditional land registration system in India, there is a middleman (broker) who connects property buyers and sellers. This broker gathers all the necessary physical documents for the property agreement and ensures that the property is registered with a government office. However, this system has flaws as documents can be lost or tampered with easily, leading to potential fraud. To improve this process, we propose a new system using blockchain technology, specifically Hyperledger. Instead of relying on physical documents and intermediaries, we suggest using smart contracts. These contracts are like digital agreements that are highly secure and transparent. They eliminate the risk of document loss or tampering and reduce the chances of corruption or fraud during property transactions. In simple terms, our blockchain-based land registration system offers a safer and more efficient way to buy and sell property by using digital contracts that ensure transparency and security. Keyphrases: DeFi, PoW, SHA, smart contract
|