Blockchain technology is witnessing growing use cases in many different industries. In recent years many academic papers have proposed using blockchain technology to dramatically change the slow and inefficient process of real estate transactions, the problem, however, is that these propositions lacked empirical data, mechanism, or idea of how this shift can be implemented and what would be the challenges of that. The goal of this research is to explore the possibilities of Blockchain technology for the real estate industry, identifying and analyzing the adoption challenges of this technology, and proposing a general framework to suggest how blockchain applications can be implemented together to create a base foundation for developing blockchain-based platforms by real estate sector. This aim was achieved by conducting interviews with promising startups, studying case studies, white papers, and relevant academic research. The paper argues security, transparency, and faster transactions are the underlying reasons for adopting blockchain-based practices in the real estate sector. The novelty of this thesis is proposing a cross-blockchain framework suggesting a scheme in which blockchain-based real estate transactions and applications could take place. In this framework, the applications such as NFT, Tokenization of properties, and real estate transactions via smart contracts are foreseen. It also attempts to enhance the ID verification process, by introducing a self-sovereign ID verification system on top of proposing ways to make smart contracts law enforceable by offering pre-defined model smart contracts and by including real estate intermediaries in the blockchain process by employing oracles in the framework.
La tecnologia blockchain, sta assistendo a casi d'uso crescenti in molti settori diversi. Negli ultimi anni molti articoli accademici hanno proposto di utilizzare la tecnologia blockchain per cambiare drasticamente il processo lento e inefficiente delle transazioni immobiliari, il problema, tuttavia, è che queste proposte mancavano di dati empirici, meccanismi o idee su come questo cambiamento possa essere implementato e cosa sarebbero le sfide di questo. L'obiettivo di questa ricerca è esplorare le possibilità della tecnologia Blockchain per il settore immobiliare, identificare e analizzare le sfide di adozione di questa tecnologia e proporre un quadro generale per suggerire come le applicazioni blockchain possono essere implementate insieme per creare una base di base per lo sviluppo piattaforme basate su blockchain per settore immobiliare. Questo obiettivo è stato raggiunto conducendo interviste con startup promettenti, studiando casi di studio, white paper e ricerche accademiche pertinenti. Il documento sostiene che sicurezza, trasparenza e transazioni più veloci sono le ragioni alla base dell'adozione di pratiche basate su blockchain nel settore immobiliare. La novità di questa tesi è proporre un framework cross-blockchain suggerendo uno schema in cui potrebbero aver luogo transazioni e applicazioni immobiliari basate su blockchain. In questo quadro sono previste le applicazioni come NFT, Tokenizzazione di immobili e transazioni immobiliari tramite smart contract. Tenta inoltre di migliorare il processo di verifica dell'identità, introducendo un sistema di verifica dell'identità autonomo oltre a proporre modi per rendere applicabile la legge sugli smart contract offrendo contratti intelligenti modello predefiniti e includendo intermediari immobiliari nel processo blockchain impiegando oracoli nel quadro.
Blockchain applications in Real Estate : challenges and a proposed framework
Azari, Kamyar;Malek, Shahryar
2021/2022
Abstract
Blockchain technology is witnessing growing use cases in many different industries. In recent years many academic papers have proposed using blockchain technology to dramatically change the slow and inefficient process of real estate transactions, the problem, however, is that these propositions lacked empirical data, mechanism, or idea of how this shift can be implemented and what would be the challenges of that. The goal of this research is to explore the possibilities of Blockchain technology for the real estate industry, identifying and analyzing the adoption challenges of this technology, and proposing a general framework to suggest how blockchain applications can be implemented together to create a base foundation for developing blockchain-based platforms by real estate sector. This aim was achieved by conducting interviews with promising startups, studying case studies, white papers, and relevant academic research. The paper argues security, transparency, and faster transactions are the underlying reasons for adopting blockchain-based practices in the real estate sector. The novelty of this thesis is proposing a cross-blockchain framework suggesting a scheme in which blockchain-based real estate transactions and applications could take place. In this framework, the applications such as NFT, Tokenization of properties, and real estate transactions via smart contracts are foreseen. It also attempts to enhance the ID verification process, by introducing a self-sovereign ID verification system on top of proposing ways to make smart contracts law enforceable by offering pre-defined model smart contracts and by including real estate intermediaries in the blockchain process by employing oracles in the framework.| File | Dimensione | Formato | |
|---|---|---|---|
|
2022_07_AZARI_MALEK.pdf
accessibile in internet per tutti
Descrizione: Blockchain Applications in Real Estate: Challenges and a Proposed Framework
Dimensione
2.41 MB
Formato
Adobe PDF
|
2.41 MB | Adobe PDF | Visualizza/Apri |
I documenti in POLITesi sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
https://hdl.handle.net/10589/189698