A Project Report On Blockchain Technology: Effective in Real-Estate Sector?

A PROJECT REPORT ON BLOCKCHAIN
TECHNOLOGY: EFFECTIVE IN REAL-ESTATE

SECTOR?
Submitted by: Group 5

Prathamesh Jadhav (99)
Pranav Mapari (29)
Yash Pawar (61)
Swaraj Kardile (118)
Gayatri Rane (80)
Submitted To:
Prof. Sandeep Kelkar
Assistant Professor & In-Charge E-Business
Prin. L. N. Welingkar Institute of Management Development & Research
Problem Statement
Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

SECTOR?
Will Blockchain technology be effective in real-estate
sector?
Blockchain is proven to hold the potential to refurbishment every business
vertical. The technology has given a clear indication that it has various
applications beyond cryptocurrencies and can be the right weapon to tackle the
prevailing industrial challenges. A ripple effect of which is that various
industries have adopted Blockchain technology, even the most traditional ones
like Real Estate.
Real Estate is witnessing a disruptive evolution with Blockchain acting as the

driving force. What was historically considered as a ‘pen and pencil’ business
has now begun expanding to global market with better and long-term outcomes.
Something we will talk about in this report in detail.

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Literature Study
Real estate is a fundamental human asset. It meets our needs, such as housing,
and acts as main investment vehicle for retirement. Yet we still feel uneasy that
this fundamental asset can, at any time, bring up turmoil, caused by a national
or global financial crisis?
The blockchain offers many advantages to real estate: To start with, let’s
consider buying an office building, a complex transaction involving banks,
lawyers, insurers, title companies, regulators, tax agencies and inspectors. They
all maintain separate records, and it’s expensive to verify and record each step.
An average closing takes 50–60 days. Blockchain technology offers a solution,
being a trusted, immutable digital ledger, visible to all participants, that shows
every element of the transaction.
The purpose of the blockchain is to retain a permanent, yet retrievable, history

of all real estate transactions and registrations using a system of smart contracts.
What is Blockchain?
Blockchain is a technology built around open data. It is a protocol accessible to

multiple parties that can record identities, reputations, and transactions in a
public marketplace. Wait, what does that mean? Essentially, Blockchain
technology allows creation of a public record. Take bitcoin, the first application
of Blockchain, for example. Blockchain allows different parties to exchange
bitcoins, and, keeps tab on every exchange.
For all bitcoin blocks, you can see previous owners. What’s special about the
setup is that everyone on the platform can see previous owners and can validate
transactions. In traditional marketplaces, thieves could steal a title or good and
make up verification that contradicted the owner whom they stole from. In the
Blockchain, all parties would be deceived, an unattainable proof of work.
A public ledger that uses blockchain has a few crucial components, besides
open data. The second element is that, parties need a form of identity. This
identity can be created through the verification of others and through
participating in transactions verified by others. Identified buyers and sellers
transacting in a marketplace with repeating occurrences creates reputation of

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participants. Hence, a successful public ledger can be defined as identified and
reputable parties exchanging value in an open system.
Blockchain technology could fundamentally alter how real estate is owned,

managed and transacted around the globe. There is no doubt that it will take
time for this technology to reach its full potential but it is already having an
impact across a number of sectors including real estate.
The real power of blockchain technology lies in the automated execution of a

transaction using the technology and the potential to create fractional ownership
in real estate assets using tokens which can be trading on a blockchain- based
exchange thus opening up investment opportunities in the real estate market.

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Research Methodology
A. Secondary Data Search:
We will be giving our conclusions and findings based on the content we

acquire from secondary data sources. We have a series of articles and case
studies through which we carefully analyse our problem statement and try to
find a probable answer to it. Under this, we answer the following questions
based on the secondary data that we have collected. We will answer a few
more as we go ahead in the report.
1. What are key advantages of blockchain?

The advantages of storing data using blockchain are transparency,
security and speed. All data stored in the ledger is accessible by the
participants in the network. This means that any member of the network
can reverify the transactions or information stored on the ledger to
confirm that there have been no unauthorised attempts to make a change
to any data.
The information contained within it is recorded using cryptographic
principles and distributed across a network in a manner that makes it
secure. It can be very fast. Reconciliation of the ledger can occur almost
instantly.
2. How will blockchain affect real-estate transactions?

HM Land Registry is committed to their ultimate aim of having a fully
digital title register for England and Wales. They have partnered with
leading blockchain technology organisation, R3, who have provided the
Land Registry with access to their blockchain platform, Corda.
This is part of the Digital Street project which HM Land Registry hopes
will enable it "to become the world's leading land registry for speed,
simplicity and an open approach to data".
HM Land Registry have already created a digital register for a small
selection of properties as a first step on the road to a register that is fully
machine-readable and can be updated instantly.
In the UK, blockchain technology has the potential to speed up the whole
conveyancing process. Ashurst is very pleased to have been involved in

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the first global trial of the Instant Property Network (IPN) facilitated by
R3 which simulated an end-to-end residential sale and purchase
transaction using test data. The collaboration to test the world's first
distributed ledger-based property market place was undertaken by 40
organisations in 23 countries across five continents representing the full
spectrum of traditional transaction participants. Bringing all the
participants together on a secure network vastly improves the
transparency and speed of the transaction. As a result, it has the capacity
to transform the whole buying and selling process. The trial used the
secure Corda network to create a digital record for each physical real
estate asset. It was then possible to update the property record and link it
to relevant property report, contracts and other documents on the
distributed ledger. This provides visibility to all participants and allows
the transaction to automatically complete using a smart contract.
However, while the "process" side of conveyancing can be made more
efficient, it is often the information gathering and due diligence
workstreams that slow transactions down.
3. Can Blockchain streamline Asset management?

Asset management could also be streamlined by blockchain technology
by holding all the relevant data for the particular real estate asset on one
online platform. A smart contract could be used to run the tenant rent and
service charge accounts.
So, using blockchain it would be possible to keep all the technical and
maintenance information for a building in one place so that it can be
readily accessed and updated. Maintenance and service schedules could
be stored on the distributed ledger enabling property managers to track
routine maintenance visits by contractors, and smart contracts could be
used to automate payments to the relevant service providers. The ledger
would keep a complete record thereby giving property managers a
complete and transparent audit trail.
It is possible to see how blockchain technology and smart contracts could
automate the payments of compensation under a service level agreement
in instances of failure to meet the required service levels. If the service
provider failed to meet its service level targets then this would trigger an

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automatic credit to the client. This would streamline the whole process
and avoid the need for manual intervention.
B. Online Articles
Deloitte Article: https://www2.deloitte.com/us/en/pages/financial-services/articles/blockchain-

in-commercial-real-estate.html
Blockchain in commercial real estate: The future

is here
How blockchain-based smart contracts could revolutionize
commercial real estate
In this updated and expanded version of our report, we reveal how blockchain
technology can advance leasing, as well as purchase and sale transactions in
commercial real estate. Explore the time and cost benefits of blockchain, as well as
increased security and transparency that the technology could drive across the
purchase and sale process.
Blockchain technology: the next big thing in commercial real estate

Blockchain technology has recently been adopted and adapted for use by the commercial real estate (CRE)
industry. CRE executives are finding that blockchain-based smart contracts can play a much larger role in
their industry. Blockchain technology can potentially transform core CRE operations such as property
transactions like purchase, sale, financing, leasing, and management transactions.
4. How does a smart contract work?

Traditionally, the documentation needed for the purchase of a real estate
asset, such as finance agreements, searches, title deeds surveys, property
valuations, etc, are in the possession of different stakeholders and sharing
information can be a time-consuming exercise.
With blockchain technology, all the information can be assembled into
one distributed ledger, and authenticated at the point of creation by
consensus mechanisms, which govern the data.
Each stakeholder has instant access to all the information, and can track
the "live" progress of the transaction. Each participant would be able to
provide a digital confirmation that their element of the transaction was

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complete so that the transaction could proceed seamlessly to the next
phase until it is completed.
Smart contracts can automatically monitor and execute transactions once

certain conditions are satisfied thus reducing the chance of manual errors.
They can reduce the number of intermediaries needed and enable
automatic payment either directly from the buyer's bank account or from
the escrow account, thus enabling completion to occur more quickly.
Therefore, the combination of blockchain technology and smart contracts
could reduce overall cost for real estate transaction participants.
However, a smart contract is not a contract as we know it. It is computer
code which creates a self-executing agreement. Of course, in real life
contract terms may need to be altered or the contract itself may need to be
terminated, but the blockchain technology underpinning the smart
contract cannot be changed. Neither is it possible for a smart contract to
recognise contract terms which require interpretation. For example, terms
such as "complete within a reasonable time", "use reasonable
endeavours", co-operate in utmost good faith".
So, smart contracts have their limitations but there is no doubt that they
will continue to evolve as the technology improves and in time may well
be able to handle more complex transactions.

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C.Books to refer
1.Block chain and the Law: The rule of code by Aaron Wright 2.Attack
of the 50 foot Blockchain: Bitcoin,Blockchain,Ethereum& Smart
contracts
3.Blockchain Revolution by Don and Alex Tapscott
4.TheBlockchain Developer by EladElrom5.The Truth Machine :The
Blockchain and the future of everything by Michael Casey & Paul Vigna
D.Report Review
This article is taken from Investopedia and articulated by Joe Liebkind
This article discusses about how blockchain has brought a change in real estate
sector.It discusses about the six ways in which blockchain can or has changed
real estate. The first way includes the Platform and marketplaces. It basically
tells us how the blockchain platforms such as Atlant are used by sellers who
tokenise assets, essentially handling it like a live stock sale and liquidating that
asset through a token sell using the platform. The second is the Intermediate in
which blockchain could be used to cut intermediaries out of the real estate
transaction process, thereby reducing costs. The third way is Liquidity in which
the introduction of cryptocurrencies and tokens in which trade can take place for
fiat currencies through exchanges. In which it basically states that a seller
doesn’t have to wait for a buyer who can afford the whole property in order to
get some value out of their property. The fourth is the fractional ownership.
Initially a large amount of money is required upfront to acquire a property. But
through blockchain investors would simply have to access a trading app to buy
and sell even fraction of tokens as they see fit. So even if a token represents a
single physical asset like a house through fractional ownership that asset can be
divided into parts and sold to several owners which can also reduce the
maintenance cost and leasing. The fifth way is decentralization through which

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all the data that is stored inside the blockchain can be seen everyone who is the
part of network. The transparency would lessen the frauds. The last way is the
Costs. The transparency associated with a decentralized network can also trim
down costs associated with real estate transactions. And also the savings made
by cutting out intermediaries professional fees and commissions, there are other
costs such as inspections costs, registration fees, loan fees, and taxes associated
with real estate which gets reduced.
E.Case Study

SECTOR?
Real Estate Transaction recording in the block chain in brazil (Dec 2017)
Case study goals

The case study has
several broad goals,
which are to describe:
●! How the Blockchain
solution is being be used
●! What Blockchain
platform is being used
solution is using
information
solution operates

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●! How the blockchain
solution works under the
law
solution affect the
citizens of Brazil
solution affects the
trustworthiness and
long-term preservation
of
records
Case study goals

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The case study has
solution is using
information
solution operates
law

SECTOR?
solution affect the
citizens of Brazil
trustworthiness and
of
records
Case study goals
The case study has

SECTOR?
solution is using
information
solution operates
law
solution affect the
citizens of Brazil

SECTOR?
trustworthiness and
of
records
Case Study goals:
! How the Blockchain

solution is using
information
solution operate
SECTOR?
solution is using
information
solution operate
solution is using
information

SECTOR?
solution operate
How Blockchain platform is being used.
How Blockchain solution affects the trustworthiness and longterm preservation

of records.
Review
The goal of the study was to examine how blockchain would can increase the
quality of record keeping and increase efficiency and operate adhering to local
laws of brazil. The Ubiquity blockchain platform announced a pilot project with
a local real estate registry office located in the southern State of Rio Grande do
Sul. The goal of the project was to create a pilot program for the regions official
land records in an effort to reduce cost,improve accuracy,security and
transparency of land records.Nathan Wosnact the Ceoof Ubiquity articulated
regarding the project that : “The block chain allows ownership and title disputes
to be handled in fair and transparent fashion and serves as a backup in case the
original is destroyed or misplaced. The study also explains how blockchain
platform is using information and how blockchain runs through Ubiquity
platform blockchain.The key findings from the study emphasized on how
tokenisation can work in blockchain based land transaction recording and for
possible further solution development such as key management,data
architecture, identifying management to establish authenticity of ledger based
transactions and long term preservation.
The goal
of the project was to
create a pilot program
for the region’s official
SECTOR?
land records in an effort
to help
lower costs while
improving accuracy,
security, and
transparency of land
records.
The goal
to help
lower costs while
improving accuracy,

SECTOR?
security, and
records.
Case study goals
The case study has
solution is using
information

SECTOR?
solution operates
law
solution affect the
citizens of Brazil
trustworthiness and
of
records

SECTOR?
a pilot project in
partnership with the real
estate registry
office in the State of Rio
Grande do Sul,
Municipalities of Pelotas
and Morro Redondo. The
goal
to help
lower costs while
improving accuracy,

SECTOR?
security, and
records.
a pilot project in
estate registry
Grande do Sul,
goal

SECTOR?
to help
lower costs while
improving accuracy,
security, and
records.
a pilot project in
estate registry
Grande do Sul,
goal

SECTOR?
to help
lower costs while
improving accuracy,
security, and
records.
a pilot project in
estate registry
Grande do Sul,

SECTOR?
goal
to help
lower costs while
improving accuracy,
security, and
records.

SECTOR?
a pilot project in
estate registry
Grande do Sul,
goal
to help
lower costs while
improving accuracy,

SECTOR?
security, and
records.
a pilot project in
estate registry
Grande do Sul,
goal

SECTOR?
to help
lower costs while
improving accuracy,
security, and
records.
E. Return on investment
Why India needs to implement blockchain in real estate

For Example : A couple have been in the market for a three-bedroom flat in
Bangalore for over a year but they are yet to find one that suits their needs.
While browsing for properties on one of the online platforms, they finally think
they have found the right one. The size looks good and the price is just within
their budget. Rahul opens the blockchain ledger on his computer with his
private key and searches the property on the government’s Land Registry
database using the property ID provided by the Seller in the advertisement.

The blockchain gives him access to key property details and a summary of the
property documents - owner, property taxes, maintenance receipts, title reports,
encumbrance, Khata, mortgage lender, approvals, broker and so on. To go into
the details he needs the Seller to share his private key. He messages the Seller,

SECTOR?
schedules a viewing, negotiates a price and gets access to the full property
blockchain.

He adds his banker to the blockchain who approves the mortgage after going
through the property papers and title history. The sale deed is signed digitally
and the payment is released to the Seller’s banker (also on the blockchain).
Finally, the sub-registrar is intimated of the sale and the title is transferred in
their joint names name in the blockchain.

Welcome to the future of real estate purchase and ownership where we see that
the middle men or intermediaries in the entire purchase cycle get eliminated and
it is beneficial for both the buyer as well as the seller.
This enables both the buyer as well as the seller to cut on costs which they incur
for buying as well as selling which is generally 2-5%.

Other benefits of Blockchain:

 Title fraud is eliminated completely as changes cannot be made to blocks
in the blockchain. Property papers cannot be forged to sell a property, as
the full transaction history is now available on the chain.
 The role of intermediaries like lawyers and brokers will be reduced
significantly, lowering transaction costs which will ultimately lead to
lower property prices.
 Government-level corruption is completely eliminated, as the role of the
sub-registrar is limited to transferring ownership on the blockchain.
 The buyer and seller need not be present in the same city as contracts are
exchanged digitally (see below on Smart Contracts).
 Tax revenues will go up as tracking property ownership becomes easier.
 Data on property prices through sales and purchases will be available on a
real time basis for every micro-market in the country making decisions
more rational and property prices more stable.
 There will be no need to store property papers in physical form
eliminating loss or stolen property documents.
 The system cannot be breached through a hack as the blockchain software
is a distributed ledger on everyone’s computer instead of in one central
location.
 Property disputes, which form a vast majority of unresolved cases will
reduce significantly freeing up time for the judiciary.

Use of Aadhar

SECTOR?

Aadhar can be a powerful enabler in allowing blockchain. The government
could make the Aadhar number the public key associated with every individual.
This will make it very easy to track who owns what properties which will
improve tax enforcement and reduce tax evasion to a very large extent. Tax
revenues can go up significantly with the implementation of blockchain.

Smart Contracts

A major feature of blockchain is smart contracts or contracts that are signed
digitally by two or more parties. This regulation is already in-place in India. As
per the Information Technology Act, 2000 eSignatures can be used to sign
almost all documents (exceptions being Registered Property Sale Deeds,
Notarized documents). Electronic signatures can also be used as evidence under
section 65B of the Evidence Act, 1872 to support the existence, authenticity and
valid acceptance of a contract in a court of law. The government only needs to
remove the exemption given to property sale deeds and notarized documents.

Property Share

At Property Share, we are at the forefront of technology and are already using
many elements of blockchain technology. All our contracts are signed digitally
eliminating any need for a physical presence. The name and signature of the
parties along with a time stamp and IP address are recorded, stored and
distributed through an online audit report. The title report, title history,
approvals, property papers, occupancy certificate are made available on every
investor’s dashboard.

Technology has brought a solution right to our doorstep. All we need to do is
embrace it and use it to move the country forward.
Real Estate Investing

Last but not least, real estate apps using blockchain can also streamline
investing process – using the concept of tokenization and fractional ownership.
Tokenization is termed as a process in which the owner can give digital tokens
to those having a share in property. They all can track their investment using
blockchain, with each transaction being immutable and time-stamped.
This concept of tokenized real estate can make it possible to reduce the risk of
fraud associated with the industry.

SECTOR?
Whereas, Fractional Ownership will give a boost to the traditional real estate
economy. The process of making unrelated parties come together to share and
eradicate the risks associated with the ownership of a high-value tangible asset
can help small investors enjoy ROI without waiting for months or years. And
eventually, make trading of real estate properties possible beyond the
geographical boundaries.
5.Findings
The goal
of the project was to create a pilot program for the region’s official land records
in an effort to help
lower costs while improving accuracy, security, and transparency of land
records.
The goal
of the project was to create a pilot program for the region’s official land records
in an effort to help

SECTOR?
lower costs while improving accuracy, security, and transparency of land
records.
Access to market information is tightly controlled by brokerage firms,
institutional investors, and expensive market data providers.
All of the administrative and legal hurdles associated with trading commercial
real estate assets, transactions are slow and costly.
“Does it make sense for governments to invest in a blockchain based real estate
processes?” While the research described in one of the papers referred is still
ongoing, it is evident now that the Canadian real estate market could benefit
from blockchain technology and the same can be applied slowly and steadily to
markets around the world.
Some of the challenges that implementation of blockchain technology faces in

real estate industry are:
Conceptual Challenges: This is a conceptual leap from current practice and

current technological understand that takes time to understand, learn, and safely
be able to put into practice. For example, the current user experience in working
with cryptocurrency and crypto assets is still daunting.
Trust Issues: while blockchain technology, security tokens, and cryptography

help ensure the state and veracity of the transaction records, it does not
eliminate the potential for fraud, especially at the entry points or edges of the
system.
Regulatory Challenges: Despite the talk of globalized markets and increased

access to investment opportunities, regulatory hurdles put up barriers at national
and even state and regional levels. The process must meet regulatory approval
and any resulting transactions (and transacting parties) must be guided by
securities laws and regulations.
Complexities and Dependencies: Users will largely be creating a parallel

records of properties that duplicate those held within the land registry. This
means additional overhead and maintenance and potential confusion in the
event of conflict between the records. It’s one thing to paint the future and
another to be able to implement it without significant coordination with local
institutions.

SECTOR?
Volatility and Market Risks: Swings and flash crashes in the stock market can
incite the investors to sometimes overreact to information and market
downturns. Often for unexplainable reasons, we would expect to see volatility
match that of individual stocks and correlate much more closely with general
economic trends.
6.Conclusion

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With Blockchain technology still in its infancy, this CRE transformation is not
going to happen overnight. It will take innovative and forward-thinking real
estate firms to lead the way and convince the masses that blockchain is the
correct path to take. Regardless of the road ahead, this new failsafe technology
could make the transaction process streamlined, safe and transparent.
Blockchain networks and blockchain technologies will alleviate many of the

issues and barriers standing in the way of the average investor, and significantly
open up new investment paths for real estate developers. The safety, security,
liquidity, and earning potential unlocked by these tokens will greatly increase
the opportunities for those who wish to benefit from having real estate
investments in their portfolio.
There are many application areas of blockchain but one area where blockchain
can make a large difference, is within real estate transactions.
It is important to adapt to the fast changes regarding increased digitalization to

stay competitive in the market. The change toward systems based on blockchain
technology is most likely one of these changes that has to be done, in both the
financial and real estate market, to keep the actors positions on the market in the
long-run.
Blockchain technology has the potential to address many challenges within the
real estate industry, including:
Improving trust and transparency: Blockchain technology offers a
verifiable and censorship-resistant option for sharing information (such
as valuation details).
Reducing databases: Real estate processes would benefit from secure and
tamper-resistant shared databases that compile data and documents
from various different stakeholders in one place.
Making transaction processes more efficient: Most real estate transactions
are still conducted through wire transfers and require costly verification
processes that can take days to complete. Blockchain-based transactions
could enable a streamlined process which delivers quickly and reduces
costs.
Limiting the use of intermediaries: Many intermediaries — from brokers
to escrow companies — could be rendered obsolete by blockchain-
based approaches, as records could be stored, verified, and transferred

SECTOR?
using blockchain technology. Removing the need for intermediaries
could dramatically reduce costs and save time.
Hence, blockchain has got a huge potential in the real estate industry and it can
be used to secure and save a lot of information.
The goal
to help
lower costs while
improving accuracy,
security, and

SECTOR?
records.
The goal
to help
lower costs while
improving accuracy,
security, and
records.

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A PROJECT REPORT ON BLOCKCHAIN

TECHNOLOGY: EFFECTIVE IN REAL-ESTATE

Submitted by: Group 5

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Real Estate is witnessing a disruptive evolution with Blockchain acting as the

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

The purpose of the blockchain is to retain a permanent, yet retrievable, history

Blockchain is a technology built around open data. It is a protocol accessible to

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Blockchain technology could fundamentally alter how real estate is owned,

The real power of blockchain technology lies in the automated execution of a

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

We will be giving our conclusions and findings based on the content we

1. What are key advantages of blockchain?

2. How will blockchain affect real-estate transactions?

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

3. Can Blockchain streamline Asset management?

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Deloitte Article: https://www2.deloitte.com/us/en/pages/financial-services/articles/blockchain-

Blockchain in commercial real estate: The future

Blockchain technology: the next big thing in commercial real estate

4. How does a smart contract work?

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Smart contracts can automatically monitor and execute transactions once

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

This article is taken from Investopedia and articulated by Joe Liebkind

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Case study goals

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

! How the Blockchain

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

How Blockchain solution affects the trustworthiness and longterm preservation

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Why India needs to implement blockchain in real estate

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Real Estate Investing

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Some of the challenges that implementation of blockchain technology faces in

Conceptual Challenges: This is a conceptual leap from current practice and

Trust Issues: while blockchain technology, security tokens, and cryptography

Regulatory Challenges: Despite the talk of globalized markets and increased

Complexities and Dependencies: Users will largely be creating a parallel

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Prin.L.N. Welingkar Institute of Management, Development and Research|MMS-2|2019-2021

Blockchain networks and blockchain technologies will alleviate many of the

It is important to adapt to the fast changes regarding increased digitalization to