Unlocking Real Estate Security: Implementing Blockchain For Ironclad Registration and Owner Identification
Author(s):
SELVAM S, SASIKUMAR R, SUNDAR D, THEJUSVIN K G, PUVANADEVI C
Keywords:
Block Chain, Distributed Ledger Technology (DLT), Cryptographic Hash Function, Smart Contracts, Reliability, Ethereum, Peer-to-Peer Networking.
Abstract
The real estate industry faces significant challenges with vulnerabilities in current land registration processes, leading to fraudulent activities against both the public and governmental bodies. This project proposes a solution by implementing a secure land registry system using blockchain technology, specifically leveraging the efficiency and scalability of Polygon blockchain. The adoption of Polygon blockchain addresses these security concerns, providing a robust and reliable platform for registration and validation. Each transaction is recorded in blocks uniquely identified through the SHA256 hashing algorithm, ensuring an immutable ledger. Additionally, the Proof of Work (PoW) algorithm enhances security by validating transactions. Elliptic curve cryptography is utilized for signature generation, ensuring transaction authenticity. The implementation of Merkle tree structures optimizes storage efficiency while maintaining data integrity. Through this project, we aim to revolutionize real estate security and owner identification, promising enhanced reliability and efficiency in land registration processes.
Article Details
Unique Paper ID: 162745

Publication Volume & Issue: Volume 10, Issue 10

Page(s): 917 - 923
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