학술논문
Real Estate Management System using Blockchain
Document Type
Conference
Source
2023 International Conference on Innovations in Engineering and Technology (ICIET) Innovations in Engineering and Technology (ICIET), 2023 International Conference on. :1-4 Jul, 2023
Subject
Language
Abstract
Real Estate is the third largest asset class in the world only behind the stock market and the bond market. The entire real estate market is valued at over $7 trillion and is expected to cross $8 trillion by 2028. With an ever growing population and the land being limited in the world it would be safe to assume that this asset class keeps on growing according to the simple rules of law of Supply and Demand. So we have to come up with new methods to improve the process of purchasing real estate as well as eliminate the third parties in between. So in order to make these processes more efficient we can use the technology of blockchain in the process. We can improve the various issues involving transparency and also promote partial ownership of properties.