umu.sePublications
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Real Estate Transactions using Blockchain Technology
Umeå University, Faculty of Science and Technology, Department of Applied Physics and Electronics. 1992.
2020 (English)Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

Banking is considered only one of many industries that could benefit from using blockchain technology. A promising area in blockchain technology is so-called smart contracts, which is automated, decentralized and programmable contract solutions. Smart contracts can control the transfer of currencies or assets between parties under given conditions. The thesis work shows how blockchain technology could be applied to real estate transactions and minimize the need for third party involvement.

The purpose of this paper is to provide an overview of the blockchain technology and its possible applications in the real estate market. The focus was on exploring the process of real estate transactions and problems that could be resolved by using smart contracts and blockchain technology. Witha qualitative research approach and a case study analysis, a proposition of a solution was made and discussed with its benefits and drawbacks. The goal was to in the process find the answers for the research questions such as: How can real estate transactions benefit from blockchain technology? What would it cost to store the necessary data on the main chain of Ethereum? How could blockchain technology be used for managing the transaction of the down payment?

Even though a collaboration of systems and smart contracts could handle almost every aspect of a real estate transaction, there are still legal boundaries to it being legally enforceable. The blockchain technology could contribute to more efficient and transparent systems compared to traditional centralized solutions.

Place, publisher, year, edition, pages
2020. , p. 47
Keywords [en]
Blockchain, smart contracts, decentralization
Keywords [sv]
blockkedja, smarta kontrakt
National Category
Interaction Technologies
Identifiers
URN: urn:nbn:se:umu:diva-167991OAI: oai:DiVA.org:umu-167991DiVA, id: diva2:1392519
External cooperation
Nesta Nordics AB
Subject / course
Examensarbete i Interaktionsteknik och design
Educational program
Master of Science Programme in Interaction Technology and Design - Engineering
Supervisors
Examiners
Available from: 2020-02-08 Created: 2020-02-07 Last updated: 2020-02-08Bibliographically approved

Open Access in DiVA

fulltext(658 kB)62 downloads
File information
File name FULLTEXT01.pdfFile size 658 kBChecksum SHA-512
dfb2558199f7b2576f9726b4d1e9b9fa63eaf5781b53f4636fd979f955e5847a9bc022157388bbfdf73881b7d5be938370fa3ab418798eebbdca12e735bd7ff8
Type fulltextMimetype application/pdf

By organisation
Department of Applied Physics and Electronics
Interaction Technologies

Search outside of DiVA

GoogleGoogle Scholar
Total: 62 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 107 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf