Abstract:
This project endeavors to develop a comprehensive solution to rectify the inherent deficiencies present in Pakistan's land management system, which include issues such as inaccurate land records, high reliance on intermediaries, corruption, delays and inefficiencies, and high costs. This project is designed to enable direct peer-to-peer buying and selling of land in the real estate market by leveraging the power of blockchain technology and digital tokens. Through the application, we aim to eliminate intermediaries, which will ultimately reduce transaction costs for buyers and sellers. Additionally, the platform streamlines the process, reducing the amount of time and effort required. It guarantees secure and transparent transactions, making the entire process efficient, trustworthy, and seamless. Furthermore, by using Geographic Information System (GIS) technology, our application provides potential buyers with a comprehensive overview of the properties they are interested in, simplifying their decision-making process, and streamlining the buying and selling experience. By automating the land registration and ownership process using smart contracts, we aim to minimize the risk of fraud and disputes, providing a more reliable, secure, and efficient alternative. Our project covers the following SDGs, SDG 8 - Decent work and economic growth, SDG 9 - Industry, Innovation and Infrastructure and SDG 16 - Peace, Justice and Strong Institutions. Overall, our Decentralized Application (DApp) represents a promising solution for the real estate market in Pakistan, offering a revolutionary approach to buying and selling land that is more transparent, secure, and cost-effective.
