Transparent Peer Review By Scholar9
A SYSTEMATIC REVIEW ON BLOCKCHAIN TECHNOLOGY FOR REAL ESTATE SECTOR
Abstract
The real estate industry has not been spared by the revolutionary technology of blockchain. This systematic review acts as a good source of explanation about the current state of things in relation to blockchain in the property field. What areas is blockchain being used and how will it affect real estate transactions, management and general industry dynamics? First, this paper describes basic concepts related to the field of real estate in connection with block chain technology. It then covers a number of applications like property tokenization, smart contracts for lease and sale agreements, land registries as well as property management systems. Each application is discussed with regard to its advantages, disadvantages and trends of use. The article also looks into what might happen if the technology was adopted by other key players in the real estate world such as buyers, sellers, brokers or developers among others. Moreover, it discusses regulatory concerns and sets forth the future research directions which are vital in comprehending and employing blockchain technology in this field. In general, this review manuscript provides important insights for scholars and practitioners.
Phanindra Kumar Kankanampati Reviewer
10 Oct 2024 03:48 PM
Approved
Relevance and Originality
The Research Article addresses the transformative impact of blockchain technology on the real estate industry, a topic of significant relevance given the ongoing digital transformation across sectors. Its originality lies in providing a systematic review that consolidates knowledge about blockchain applications in real estate, such as property tokenization and smart contracts, highlighting areas where this technology can enhance efficiency and transparency.
Methodology
The Research Article employs a systematic review methodology, effectively summarizing various blockchain applications within real estate. However, it would benefit from a more detailed description of the criteria used to select the studies or applications reviewed. Additionally, a clear framework for analyzing the advantages and disadvantages of each application would enhance the rigor of the research methodology.
Validity & Reliability
The validity of the insights provided hinges on the comprehensiveness of the reviewed literature. While the Research Article covers multiple applications of blockchain in real estate, it would be strengthened by including empirical data or case studies that demonstrate the practical implications of these technologies. Discussing the reliability of blockchain systems in different contexts would further substantiate the claims made.
Clarity and Structure
The Research Article is well-structured, offering a logical flow from basic concepts to applications and implications. However, the clarity of the discussion could be improved by incorporating visual aids, such as tables or graphs, to summarize key points and comparisons. This would enhance reader comprehension and engagement with the material, especially in a technical domain like blockchain.
Result Analysis
The result analysis effectively outlines various blockchain applications and their potential impact on real estate transactions, management, and industry dynamics. Nonetheless, it could be enriched by providing quantitative metrics or real-world examples demonstrating the effectiveness of these applications. Additionally, discussing future research directions more comprehensively would offer valuable insights for scholars and practitioners seeking to understand and implement blockchain in real estate.
IJ Publication Publisher
Done Sir
Phanindra Kumar Kankanampati Reviewer