RESCHAIN: A Futuristic Solution for Avoiding Fraudulence in Real Estate Environment

GULSHAN KUMAR, RAHUL SAHA, G. Geetha, Mamoun Alazab

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Real estate is a major influential business form in the present economic world. The demands of social life and comfort and ease of utility access have risen a boom of development in a real-estate business environment. With all its pros and cons and a variety of property forms, the fraudulent property is a serious issue in this environment, where illegal properties are shown as legal and transactions of amount are done accordingly; as a result, the stakeholders face huge losses and sometimes go bankrupt too. To avoid such fraudulence and for providing transparency for the property construction-buying-selling parameters, we have come up with a logical solution of real estate chain (RESCHAIN). RESCHAIN is a blockchain-based real estate ledger, which is to be distributed in nature and is publicly available. Therefore, anybody can access the required real estate property details by being a member of RESCHAIN, so that the acquisition of the real estate can be made officially legal and justified. Moreover, to be a member of RESCHAIN, we need to use cryptographic services for security requirements. As a result, confidentiality-integrity-availability triad is to be ensured for the inclusion in the required solution.
Original languageEnglish
Title of host publicationBlockchain for Cybersecurity and Privacy
Subtitle of host publicationArchitectures, Challenges, and Applications
EditorsYassine Maleh, Mohammad Shojafar, Mamoun Alazab, Imed Romdhani
PublisherCRC Press
Chapter16
Pages365-376
Number of pages11
ISBN (Electronic)9780429324932
ISBN (Print)9780367343101
DOIs
Publication statusPublished - Aug 2020

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