Abstract:

Abstract Historically, registering property has been a time-consuming and error-prone process. It necessitates the use of many middlemen, which adds more steps, costs more money, and takes longer. We suggest a novel solution that uses Ethereum's blockchain technology to speed up and simplify the land registration process in light of these drawbacks. The goal of this system is to streamline the property transfer process for all parties involved (buyers, sellers, and government agencies). All transactions pertaining to the transfer of land ownership are recorded on the Ethereum blockchain, which serves as the backbone of our system. As a core component of blockchain technology, smart contracts are included. These smart contracts offer authorised inspectors access to property data and support events like the transfer of payments from the buyer to the seller following the successful completion of a land ownership transfer. This use of blockchain technology is an attempt to address issues experienced by all parties during the transfer of real estate. It greatly simplifies the process by removing the need for middlemen like property brokers. By recording all land transactions in an immutable public database, the Ethereum blockchain makes land registration validation a realistic possibility. This new method of land registration is not only more efficient, but also more trustworthy because of the increased transparency and security it provides.

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