Blockchain Models for Business: Addressing Challenges of Land Ownership, Transfer Using Blockchain Models, NFT and Metaverse

The purpose of the paper is to propose blockchain models for business. Blockchain is going to impact businesses across verticals as it promises to keep the data more secure and thereby build trust in the minds of the customers. Blockchain applications are being built upon digital data, computational infrastructure and communication networks. Financial services companies have already adopted blockchain; however, manufacturing companies are way behind in adopting blockchain. This paper intends to create a blockchain model to ease out the basic and prominent need of any industry, viz. land and building. Two models of Blockchain 1.0 and 2.0 have been proposed for addressing the challenges of land search, selection, transfer, ownership and mortgage using emerging technology like blockchain, NFT and metaverse.