The real estate sector significantly impacts a country’s GDP and government revenue through stamp duties during transactions. However, it is prone to fraudulent activities like forgery, necessitating effective reforms. Distributed ledger technology, such as blockchain, offers a promising solution. Unlike traditional proof-of-work methods, blockchain-based systems enable faster and more efficient transactions, reducing overhead by about 50%. This is particularly vital for countries like India, where land disputes are common due to flaws in traditional registration systems. To address these issues, we propose a blockchain-based authentication model for land registration. This model digitizes and automates land records, ensuring transparency, efficiency, and reliability. Real estate transactions are securely recorded in tamper-evident blocks on the blockchain, facilitating authentication and verification. Additionally, smart contracts streamline transactions, reducing costs and improving efficiency. By eliminating intermediaries and incorporating timestamp and authentication mechanisms, our model significantly enhances the resilience and validity of real estate transactions. Embracing blockchain technology can revolutionize the land registration process, making it more efficient, secure, and transparent. This transformative advancement is poised to play a crucial role in future real estate investments, effectively addressing challenges inherent in traditional registration systems.
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