Design of Four Scenarios of Land Transaction in Blockchain Technology

Kh. Md Sirazum Monir^1,3, Jiang Xingfang^2*, Khandaker Khadizatul Kobra^3,4

Abstract

In view of the frequent occurrence of false contracts and sales in land transactions in Southeast Asia, it is urgent to establish a way of land sales based on mutual trust. Is proposed based on (a) the buyer and the seller fingerprint proof law, (b) based on the smart contract registration to pay tax, (c) cash transaction registration law, (d) based on the wisdom to distinguish successor law, smart contract is proved as an application of Blockchain using proposed solutions follow the principle of fair and open, eliminate the false, false sales contract, Decentralized, no one can change the information after the transaction, beneficial land transaction efficient and accurate, promote economic development.

Keywords

blockchain; smart contract; bitcoin

Cite This Article

Monir, Kh. Md. S., Xingfang, J., Kobra, K. K. (2021). Design of Four Scenarios of Land Transaction in Blockchain Technology. International Journal of Scientific Advances (IJSCIA), Volume 2| Issue 5: Sep-Oct 2021, Pages 834-837 , URL: https://www.ijscia.com/wp-content/uploads/2021/09/Volume2-Issue5-Sep-Oct-No.176-834-837.pdf

Volume 2 | Issue 5: Sep-Oct 2021