IMPLEMENTATION OF THE BLOCKCHAIN TECHNOLOGY TO THE REAL ESTATE SECTOR
Date
2023-10-19
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Universidad Rey Juan Carlos
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Abstract
The real estate sector is characterized by complex transactions, heavily relying on
intermediaries, leading to inefficiencies and potential security vulnerabilities. This research
examines the incorporation of blockchain technology as a revolutionary solution to enhance
transparency, security, and operational efficiency in real estate transactions and processes.
Through a qualitative case study methodology, it is evaluated the influence of integrating
blockchain in a diverse range of real estate transactions, going from property transfers to the
utilization of smart contracts for lease agreements. The results indicate a notable decrease in
transactional friction, a reduction in instances of fraudulent activities, and an increase in
transparency through the immutable ledger. Moreover, smart contracts executed on the
blockchain show promise in automating aspects of property management, streamlining rental
procedures, and ensuring adherence to regulatory requirements. This paper aims to address
potential difficulties related to regulatory frameworks and scalability and offer
recommendations to overcome them. This study contributes to the expanding body of work
on the practical application of blockchain technology across various industries, presenting
valuable insights for stakeholders keen on harnessing blockchain's potential in the real estate
sector.
Description
Trabajo Fin de Grado leído en la Universidad Rey Juan Carlos en el curso académico 2023/2024. Directores/as: Alfredo Rodríguez Fuertes
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