Blockchain technology development and business applications
This paper presents a blockchain-based property auction marketplace attempting to revolutionize traditional real estate transactions by eliminating the need for intermediaries known as property brokers. Leveraging blockchain technology, the marketplace offers transparency, security, and efficienc...
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| Format: | Final Year Project |
| Language: | English |
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Nanyang Technological University
2024
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| Online Access: | https://hdl.handle.net/10356/176431 |
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| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | This paper presents a blockchain-based property auction marketplace attempting to revolutionize
traditional real estate transactions by eliminating the need for intermediaries known as property
brokers. Leveraging blockchain technology, the marketplace offers transparency, security, and
efficiency and addresses existing challenges in the real estate industry. Smart contracts ensure
trustless execution of property auctions, eliminating the need for intermediaries and enhancing
transactional integrity. The marketplace's decentralized nature fosters a level playing field for
landlords and renters, promoting inclusivity and accessibility in property transactions. Overall,
the blockchain-based property auction marketplace represents a paradigm shift towards a more
transparent, efficient, and accessible real estate ecosystem. |
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