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http://dx.doi.org/10.20465/KIOTS.2022.8.1.011

Real Estate Transaction System in Private Blockchain Environment  

Kim, Seugh-Ho (Division of Computer Engineering, Baek-seok University)
Kang, Hyeok (Department of Visual Information Processing, Korea University)
Lee, Keun-Ho (Division of Computer Engineering, Baek-seok University)
Publication Information
Journal of Internet of Things and Convergence / v.8, no.1, 2022 , pp. 11-16 More about this Journal
Abstract
Efforts to incorporate blockchain into various fields are continuing as cryptocurrency transactions become more active. Blockchain has the characteristic that once recorded facts cannot be modified or deleted. Due to these characteristics, the use in the field of recording and proving certain facts, such as voting or proof of ownership, is attracting attention. In this paper, users who want to participate in the transaction process using private blockchain, one of the types of blockchain, are divided into real estate brokers, building owners, and purchasers (lessors), and roles are assigned to each user. In addition, we would like to propose a system to increase reliability through the participation of institutions. Through this, we intend to not only present a real estate transaction system that prevents damage from real estate fraud related to false sales and fraudulent contracts, but also enhances reliability and contributes to finding ways to utilize blockchain in the future.
Keywords
Blockchain; Private Blockchain; Distributed Systems; Reliability; Real Estate Transactions;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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