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Service Oriented Computing and Applications https://doi.org/10.1007/s11761024004030SPECIAL ISSUE PAPERBlockchain for real estate provenance: an infrastructural step toward secure transactions in real
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How to fill out blockchain for real estate

01
Research the particular blockchain platform suitable for real estate transactions.
02
Gather all necessary property documents, including titles, deeds, and ownership history.
03
Convert property documents into a digital format for easy upload.
04
Create a unique digital identity for each property that includes key details like location, size, and ownership.
05
Use smart contracts to automate and manage transactions, ensuring all parties fulfill their obligations.
06
Upload the digital identity and associated documents to the blockchain, ensuring secure and immutable storage.
07
Verify the transaction processes among buyers, sellers, and stakeholders through consensus mechanisms.
08
Maintain records and monitor the blockchain for any changes or updates regarding ownership.

Who needs blockchain for real estate?

01
Real estate investors looking for secure and transparent transactions.
02
Property developers needing efficient ways to manage sales and transfers.
03
Title companies aiming to streamline title searches and insurance processes.
04
Government agencies seeking to reduce fraud and enhance property management.
05
Consumers wanting to simplify the buying and selling process with reduced costs.
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Blockchain for real estate refers to the use of blockchain technology to record and manage real estate transactions, enabling secure, transparent, and efficient property transfers on a decentralized ledger.
Individuals and entities involved in real estate transactions, such as buyers, sellers, real estate agents, and title companies, may be required to file information on the blockchain.
To fill out blockchain for real estate, parties need to provide the required transaction details, such as property information, buyer and seller identities, and transaction amounts, using a blockchain platform designed for real estate.
The purpose of blockchain for real estate is to enhance transparency, increase efficiency, reduce fraud, and streamline the process of buying and selling properties through secure digital records.
Information that must be reported includes property identification details, ownership history, transaction amounts, buyer and seller information, and any encumbrances or liens on the property.
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