GREP : a blockchain-based system for managing real estate provenance and ownership certification
- Publication Type:
- Thesis
- Issue Date:
- 2025
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This research addresses persistent challenges in real estate management, including fraud, tampering, inefficiency, and unclear ownership provenance and certification. Despite the potential of blockchain technology to improve transparency and security, there has been no comprehensive platform for managing real estate provenance and ownership certification. This thesis proposes the Global Real Estate Platform (GREP), a hybrid blockchain-based system for managing real estate provenance and ownership certification. GREP integrates non-fungible tokens and fractional non-fungible tokens to record, certify, and track property transactions securely. A systematic literature review was conducted to identify research gaps and guide system development. The GREP platform was implemented and evaluated through prototype demonstrations and use case scenarios. Results show that GREP enhances data authenticity, supports reliable proof of ownership and shared ownership, and balances transparency, privacy, and accountability. This work contributes to reducing fraud, lowering transaction costs, shortening processing times, and increasing trust in property markets. It also offers practical solutions for documenting land ownership in underdeveloped regions and assists international investors without prior records.
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