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Implementation of a Novel, Secure Module-Based Architecture for Blockchain-Based Real Estate Transaction Processing

  • Conference paper
  • First Online:
Advancements in Smart Computing and Information Security (ASCIS 2023)

Part of the book series: Communications in Computer and Information Science ((CCIS,volume 2040))

  • 104 Accesses

Abstract

Purpose: This study suggests organizing real estate transactions in a decentralized manner by using private blockchain technology. The writers point out the main problems with India’s present transactional procedures and advocate for the application of blockchain technology as a fix. The study’s ultimate conclusion is that the recommended approach might be able to enhance transaction processes in Indian government offices, encouraging increased effectiveness, openness, and a decrease in dishonest behavior.

Methods/Design/Methodology: The present transaction procedure and the centralized technology are inspected at the government office using a physical observation method. The next step involves questioning a large number of people to recognize the main areas where the process is tense. Utilizing the insights from the talks, a blockchain solution addressing the issues raised is created. Interviewees are asked for their approval of the predicted model after the design.

Practical Implications: To streamline the real estate transaction process at the Indian government office, a private blockchain application is developed. The seller, the purchaser’s property, and the payment are all entered into a single, intricate front end, and the sensitive data is stored in an appropriate database. When the required information has been subjected to the smart business logic, the data is sent to the isolated blockchain for ultimate execution. To verify the proposed system, one artificial effectiveness is made that places a significant load on it and measures the load trashing. To validate the proposed system, a massive amount of sample data is generated.

Originality/Value: Current studies specify that blockchain technology can increase transaction process confidence by improving efficiency, transparency, security, and data accessibility. Therefore, the proposed application is beneficial for the real estate transaction process in India going forward.

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Authors and Affiliations

  1. Department of Computer Application, Marwadi University, Rajkot, 360003, Gujarat, India

    Vishalkumar Langaliya & Jaypalsinh A. Gohil

Authors
  1. Vishalkumar Langaliya
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  2. Jaypalsinh A. Gohil
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Correspondence to Vishalkumar Langaliya .

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Editors and Affiliations

  1. Marwadi University, Rajkot, India

    Sridaran Rajagopal

  2. Marwadi University, Rajkot, Gujarat, India

    Kalpesh Popat

  3. Marwadi University, Rajkot, Gujarat, India

    Divyakant Meva

  4. Marwadi University, Rajkot, Gujarat, India

    Sunil Bajeja

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Langaliya, V., Gohil, J.A. (2024). Implementation of a Novel, Secure Module-Based Architecture for Blockchain-Based Real Estate Transaction Processing. In: Rajagopal, S., Popat, K., Meva, D., Bajeja, S. (eds) Advancements in Smart Computing and Information Security. ASCIS 2023. Communications in Computer and Information Science, vol 2040. Springer, Cham. https://doi.org/10.1007/978-3-031-59107-5_22

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  • DOI: https://doi.org/10.1007/978-3-031-59107-5_22

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-031-59106-8

  • Online ISBN: 978-3-031-59107-5

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