Abstract
Within Peru's real estate realm, marked by discrepancies and opacity, this investigation explores the deployment of blockchain as a pioneering corrective, with Polkadot platform at its core. The study introduces a meticulous 6-stage smart contract protocol, encompassing the journey from initial recordal to blockchain-based contract consolidation. This methodology doesn't just forge an unalterable record; it also curtails intermediary dependence, thus bolstering transactional transparency and integrity. Initial findings endorse the viability and transformative potential of this approach, predicting a substantial evolution in Peru's property market. Moreover, in light of adapting to Peru's specific regulatory needs, the study underscores Polkadot's suitability over alternatives like Ethereum, marking it a superior choice in this national framework.
| Original language | American English |
|---|---|
| Title of host publication | Proceedings of the 2024 7th International Conference on Software Engineering and Information Management, ICSIM 2024 |
| Publisher | Association for Computing Machinery |
| Pages | 7-13 |
| Number of pages | 7 |
| ISBN (Electronic) | 9798400709197 |
| DOIs | |
| State | Indexed - 23 Jan 2024 |
| Externally published | Yes |
| Event | 7th International Conference on Software Engineering and Information Management, ICSIM 2024 - Virtual, Online, Fiji Duration: 23 Jan 2024 → 25 Jan 2024 |
Publication series
| Name | ACM International Conference Proceeding Series |
|---|
Conference
| Conference | 7th International Conference on Software Engineering and Information Management, ICSIM 2024 |
|---|---|
| Country/Territory | Fiji |
| City | Virtual, Online |
| Period | 23/01/24 → 25/01/24 |
Bibliographical note
Publisher Copyright:© 2024 ACM.
Keywords
- Blockchain technology
- Real estate fraud
- Real estate industry
- Real estate transactions
- Smart contracts
- Transaction security
- Transparency