Thesis Abstract

Abstract
The real estate industry in developing countries is often plagued by issues such as lack of transparency, fraud, and inefficiencies in transactions. Blockchain technology has emerged as a potential solution to address these challenges by providing a secure and transparent platform for recording and verifying real estate transactions. This thesis explores the application of blockchain technology in real estate transactions in developing countries, with a focus on enhancing transparency and trust in the process. The research begins with an introduction to the topic, providing background information on the real estate industry in developing countries and the challenges it faces. The problem statement identifies the lack of transparency and trust as key issues affecting real estate transactions in these regions. The objective of the study is to investigate how blockchain technology can be leveraged to improve transparency and trust in real estate transactions, while also considering the limitations and scope of the research. A comprehensive literature review is conducted to examine existing studies on blockchain technology in real estate, highlighting its benefits and potential applications. The review identifies ten key areas where blockchain technology can be utilized to enhance transparency and trust in real estate transactions, including property ownership verification, smart contracts, and digital identities. The research methodology section outlines the approach taken to investigate the research questions, including data collection methods, sample selection, and data analysis techniques. The methodology also describes how qualitative and quantitative data will be collected and analyzed to evaluate the impact of blockchain technology on real estate transactions in developing countries. The findings of the study are presented in the discussion section, which explores the implications of using blockchain technology to improve transparency and trust in real estate transactions. The results highlight the benefits of blockchain technology, such as increased security, reduced fraud, and improved efficiency in the transaction process. The discussion also addresses potential challenges and limitations of implementing blockchain technology in developing countries. In conclusion, the thesis summarizes the key findings and implications of the research, emphasizing the importance of utilizing blockchain technology to enhance transparency and trust in real estate transactions in developing countries. The study contributes to the growing body of literature on blockchain technology in real estate and provides practical recommendations for policymakers, real estate professionals, and other stakeholders in the industry. Keywords Blockchain technology, Real estate transactions, Developing countries, Transparency, Trust, Literature review, Research methodology, Findings, Conclusion.

Thesis Overview

The project titled "Utilizing Blockchain Technology for Transparent Real Estate Transactions in Developing Countries" aims to explore the application of blockchain technology in the real estate sector of developing countries to enhance transparency in property transactions. Blockchain technology, known for its decentralized and immutable nature, has the potential to revolutionize the traditional real estate processes by providing a secure and transparent platform for recording property transactions. The research will delve into the current challenges faced in real estate transactions in developing countries, such as corruption, lack of transparency, and inefficient property registration systems. By leveraging blockchain technology, the study seeks to address these challenges and create a more efficient and trustworthy environment for property transactions. The project will begin with a comprehensive literature review to examine existing studies on blockchain technology in real estate and its impact on transparency. This review will provide a solid foundation for understanding the theoretical framework and practical applications of blockchain in real estate transactions. The research methodology will involve a combination of qualitative and quantitative approaches to gather data from real estate stakeholders, government agencies, and technology experts in developing countries. Interviews, surveys, and case studies will be conducted to assess the current state of real estate transactions, identify key challenges, and evaluate the potential of blockchain technology in addressing these issues. The findings of the study will be analyzed and discussed in detail in Chapter Four, focusing on the benefits and challenges of implementing blockchain technology in real estate transactions. The discussion will also explore the implications of blockchain adoption for stakeholders, regulatory frameworks, and future research directions in the real estate sector. In conclusion, the research will provide valuable insights into how blockchain technology can be effectively utilized to promote transparency, efficiency, and trust in real estate transactions in developing countries. By bridging the gap between technology and real estate practices, the project aims to contribute to the advancement of the real estate sector and support sustainable development in developing economies.