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http://dx.doi.org/10.13161/kibim.2021.11.3.012

A Study on the Improvement of Real Estate Electronic Contract System by Introducing PropTech - Focusing on BlockChain Technology -  

Lee, Sung-Min (한양대학교 건축공학과)
Kim, Hee-Joon (한양대학교 도시대학원 도시개발경영전공)
Lee, Myeong-Hun (한양대학교 도시대학원)
Kim, Jae-Jun (한양대학교 건축공학부)
Publication Information
Journal of KIBIM / v.11, no.3, 2021 , pp. 12-21 More about this Journal
Abstract
Existing real estate markets are monopolized because they are capital intensive and have information asymmetry. However, with the advent of the Fourth Industrial Revolution, technology is converging in various industries based on information technology (IT), and the real estate market is also developing a new field called "PropTech". According to this trend, new PropTech technologies are emerging in various real estate services sectors in Korea, but the electronic contract system, which accounts for the largest portion of the real estate industry, is still cited as a complex identification process and long processing time. Therefore, in this paper, we propose an improvement plan for the current electronic contract system through the introduction of blockchain technology, which is drawing attention with the development of PropTech, and explore the possibility of introduction by producing an experimental model of blockchain-applied electronic contract system in a programming language.
Keywords
Real Estate; Electronic Contract System; PropTech; Blockchain;
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