Tokenization of Real Estate Assets Using Blockchain
<|reference_start|>Tokenization of Real Estate Assets Using Blockchain: Blockchain technology is one of the key technologies that have revolutionized various facets of society, such as the banking, healthcare, and other critical ecosystems. One area that can harness the usage of blockchain is the real estate sector. The most lucrative long-term investment is real estate, followed by gold, equities, mutual funds, and savings accounts. Nevertheless, it has administrative overheads such as lack of transparency, fraud, several intermediaries, title issues, paperwork, an increasing number of arbitrations, and the lack of liquidity. This paper proposes a framework that uses blockchain as an underlying technology. With the aid of blockchain and the suite of tools, it supports many of these problems that can be alleviated in the real estate investment ecosystem. These include smart contracts, immutable record management, tokenization, record tracking, and time-stamped storage. Tokenization of real estate lowers the entry barrier by fixing liquidity and interoperability and improving the interaction between various stakeholders.<|reference_end|>
@article{joshi2024tokenization,
    title={Tokenization of Real Estate Assets Using Blockchain},
    author={Shashank Joshi and Arhan Choudhury},
    journal={IJIIT vol.18, no.3 2022: pp.1-12.},
    year={2024},
    doi={10.4018/IJIIT.309588},
    archivePrefix={arXiv},
    eprint={2405.01852},
    primaryClass={cs.DC cs.CR cs.ET}
}