Propchain: Decentralized Property Management System
摘要
Presently, there are various technologies used by governments all over the world to register/transfer property. However, most of these systems are centralized in nature and are vulnerable in terms of security, so legal/illegal exploits are possible. Our solution aims to address this problem by the use of blockchain technology specifically smart contracts and Non-Fungible Tokens to decentralize the property registration process making it visible to anyone across the globe to view all transactions made through the system thereby reducing corruption through illegal property investments and also to make it virtually impossible for any person or organization to exploit the system.