Master of Science (MS)
Ching-seh (Mike) Wu
Blockchain technologies like Ethereum include asset tokenization, and act as immutable and decentralized transaction ledgers. Tokens on the ledger can represent the real estate assets. Particulary, the non-fungible tokens on Ethereum can serve as a representation of transfer of resources. Ethereum grants trusted and distributed smart contracts for token operations. My project is a system for real estate cadastral record keeping and title transfers that uses the ERC-721 specification related to the non-fungible tokens.
Testing of the implementation is done using Government records from District of Columbia. Ethereum is a natural choice for this project due to its evolution, an active development community, and many supporting languages and tools that facilitate use of smart contracts. This paper gives the background, implementation details and significance of such a system. Some cost-related and defensive mechanisms offered by the system are discussed later in the report.
Patil, Mugdha, "Land Registry on Blockchain" (2020). Master's Projects. 912.