Research On Non-Fungible Token (NET) And Application In Real Estate

Abstract

Real estate is one of the vital economies of any country. However, there are still issues in the current system from ownership verification, lease agreements, sale process, transactions, third-party dependence and so on. The blockchain and real estate can work together. The real estate procurement process adopts the blockchain model, to strongly empower land industry and put a premise for blockchain future. For the most part, the downside of digitized data is facilitated on different frameworks, which causes the absence of transparency and a higher occurrence of potential fraudulence. Blockchain can resolve it. The blockchain tokenization for estates methods is a new approach for organizations that are consistently uncovering a part of these realities.