Model for a Real Estate Property Title Management System Using Blockchain

Abstract

Local research has revealed that documentation associated with property registration in Peru may not be fully reliable, given that the steps involved in the registration process heavily relies on interventions that are more human rather than technological. In order to reduce this gap, this project highlights the importance of using Blockchain technology to ensure the authenticity of documentation by establishing a secure, immutable and decentralized record of documents. This project proposes the model of a system that can satisfy such need. In order to validate the use of Blockchain technology in the process of registering property titles, a simulation of a decentralized application (dApp) will be created in a controlled environment, which will then be validated under two proposed scenarios, the first one focuses on the time taken to upload documents and the successful upload for each document, the second one focuses on assigning a hash to each document uploaded to the system, which will then be uploaded to the blockchain network