Use Case Smart Contract for Lease Agreements using Blockchain Technology

Abstract

A blockchain Technology is a peer to peer distributed ledger counterfeit by consensus, combined with a system for smart contracts. Its uses peer to peer network architecture to connect each other, without a central authority. Blockchain has established from many industries, researchers and government bodies. This paper aims to present the Blockchain and smart contract for a specific domain which deals with real estate for solving issues like avoiding Third-parties, Brokerage service, Trusty Transaction, Settlement in between landlord and Tenant, etc. A complete overview and designing of Decentralized application with smart contract is obtainable and then implementing use case for leasing/ renting residential and business buildings is examined.