Browsing by Author "HIFZA SHAUKAT"

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    REAL ESTATE MANAGEMENT SYSTEM IN PAKISTAN USING BLOCKCHAIN
    (UMT, Lahore, 2019) HIFZA SHAUKAT
    Housing schemes are the back bone of Pakistan real estate sector yet they are facing massive problems like misuse as well as pilfering and larceny. The current system of housing scheme within Pakistan is not trustworthy, secure, adequate, and reliable for seller and buyer transactions. To resolve the issue, this research paper purpose a blockchain based transparent, secure, efficient and auditable platform to avoid misuse, illegal transaction of money and give a sense of trust to sellers and buyers. The system and business proposed model is to introduce latest technology of blockchain system as a platform for housing scheme sector in Pakistan which have been provided a secure process of transactions for both seller and buyer. Blockchain is digital peer to peer technology which can provide secure platform for transactions without the requirement of central authority or any third party using interconnected computers, distributed ledgers, consensus mechanism and smart contracts. Blockchain has numerous applications and it can be applied in real estate housing scheme resulting in reduced transaction costs, process and more transparency and accountability in the system. Blockchain system is based on the complete change in business model as the crypto currency will be replaced with fiscal currency, all the buying and selling will be performed in Crypto Currency (CC). The evaluation of performance has been showed the results of behavior of chain increasing on each node and delaying of replicating data on chain in proper time.