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5 views

2nd progress[1]

Uploaded by

sashaisunreal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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REGIONAL INSTITUTE OF SCIENCE & TECHNOLOGY, MEGHALAYA

Run by: ERDF Foundation – Guwahati


Approved by AICTE, New Delhi & Affiliated to NEHU - Shillong

SECOND PROGRESS PRESENTATION


on

“REAL ESTATE MANAGEMENT USING SMART CONTRACTS”


Guided by:
Mrs. Kanmani Choudhury
Asst. Professor, CSE
Presented by-
Farah Khan 21RISTCSE006
S Bikranta Singha 21RISTCSE028
Tanmay Dutta 21RISTCSE034

1
CONTENTS
• Introduction……………………………………………………………………………………..3
• Literature survey……………………………………………………………………………...
• Objective………………………………………………………………………………………….
• Methodology……………………………………………………………………………………
• Design………………………………………………………………………………………………
• Testing……………………………………………………………………………………...........
• Conclusion and future work………………………………………………………………
• References………………………………………………………………………………………..
INTRODUCTION
•Blockchain: A decentralized digital ledger that records transactions
across many computers in a way that the record cannot be altered
retroactively.
•The Real Estate industry faces challenges such as high costs, lack of
transparency, and delays due to reliance on intermediaries and outdated
systems.
•The use of Smart contracts, which are self-executing agreements coded
on the blockchain eliminates the need for intermediaries, reduces costs,
makes transactions faster, more transparent, and secure.
LITERATURE SURVEY
[1]: SmartProp- Blockchain-based Smart Property Ownership
Management System on IPFS
• The paper introduces SmartProp, a blockchain-based property
ownership management system utilizing IPFS (InterPlanetary File
System) for decentralized storage. It aims to address issues like
forgery, security, and data integrity in property management.
• SmartProp demonstrates the feasibility of a decentralized system for
property transactions with enhanced transparency and data security,
showcasing blockchain’s potential to mitigate fraud and tampering in
real estate.
LITERATURE SURVEY

[2]: The Interplay of Data Privacy and Blockchain for Secure and Efficient Real Estate
Transactions

• The paper explores how blockchain technology, specifically smart contracts, can enhance the
efficiency, transparency, and security of real estate transactions. It highlights the potential of
reducing intermediaries, lowering costs, and automating processes such as property transfers while
ensuring data integrity through a decentralized ledger system.

• Despite the benefits, the study identifies significant challenges, especially concerning data privacy
and regulatory compliance. Public blockchains expose sensitive data, which raises concerns under
privacy regulations like GDPR. The research suggests solutions like permissioned blockchains and
zero-knowledge proofs to balance privacy needs with blockchain's inherent transparency.
SUMMARY TABLES
SI no Title Methodology Dataset Drawback Findings

[1] SmartProp- Developed a Ethereum Limited Enhanced


Blockchain- blockchain- Ropsten Test scalability, transparency
based Smart based property Network data leading to and security for
Property management (simulated slower property
system transactions) transactions, transactions,
Ownership integrating IPFS and lack of showcasing
Management for storage and blacklisting for blockchain's
System on IPFS Ethereum smart malicious users. potential in real
contracts. estate with
efficient storage
management.
SUMMARY TABLES
SI no Title Methodology Dataset Drawback Findings

[2] The Interplay of Utilized Synthetic Increased Zero-knowledge


Data Privacy descriptive transaction data execution costs proofs and
and Blockchain analytics on and regulatory with higher permissioned
for Secure and transaction data documents privacy features, blockchains
from Ethereum complexity of improve data
Efficient Real and simulated zero-knowledge privacy and
Estate data; feasibility proofs limits regulatory
Transactions study of privacy adoption. compliance,
methods though adoption
requires
specialized
training and cost
optimizations.
OBJECTIVE

• To enable users to conduct real estate transactions with full


transparency and security
• To integrate IPFS with the blockchain to store and retrieve real estate
documents and metadata in a decentralized and efficient manner,
reducing on-chain storage costs and enhancing data accessibility.
METHODOLOGY

ALGORITHM

 Start.
 Install dependencies for Web3 and IPFS
 Set up the IPFS client configuration.
 Define data structure and functions in the smart contract for storing IPFS hashes.
 Create an uploadToIPFS function to handle file uploads.
 Design a frontend UI for file upload.
 Store the IPFS hash on the blockchain with relevant property metadata.
 Retrieve IPFS hashes and data from the blockchain.
 Display the IPFS-linked data on the frontend

 Stop
DESIGN

The design of the project includes the flowing:

• SDLC model: Structured process that defines the steps of


software development.

• DFD of the model: visual representation of the flow of


information within a system.

• Use case of the model: List of actions or event steps that describe
how a user uses a system to accomplish a particular goal.
SDLC Model

Fig: Agile Model


TESTING
CONCLUSION

In a real estate management project utilizing smart contracts, the


integration of blockchain technology offers significant improvements in
terms of security, efficiency, and transparency. Smart contracts automate
the entire transaction process, eliminating the need for intermediaries,
reducing transaction costs, and ensuring real-time verification of
ownership. This leads to a more secure and streamlined property
transfer process, reducing fraud risks. Moreover, incorporating smart
homes with IoT integration can offer added convenience by allowing
properties to automatically authenticate ownership and manage access.
Future Works

• Further research and development are needed to ensure that smart


contracts comply with regional legal and regulatory frameworks for
real estate transactions.
• While blockchain ensures transparency, future work should address
privacy concerns, possibly through implementing permissioned
blockchains or advanced cryptographic techniques like zero-
knowledge proofs.
• Creating more user-friendly platforms to simplify interactions with
blockchain-based systems for buyers, sellers, and regulatory bodies
should be prioritized in future development.
REFERENCES

[1]

[2]

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