Digital Transformation and Smart Property Contracts Registration in Egypt Using Blockchain Technology

Abstract

In recent times, an increasing fascination with cryptographic-based blockchain technology has emerged. Blockchain is a decentralized, distributed database functioning as a comprehensive ledger for storing, timestamping, and encrypting data. Comprising interconnected blocks, this technology is openly accessible and immutable. Smart Property Contract registration are self-executing contracts that are subject to the terms of the agreement between the seller and the buyer. The contract defines the pre-programmed contractual rules so that they are executed when the input data meets the mentioned conditions between the two parties. Smart Property Contract Registration are written in one of the programming languages such as AssemblyScript, JavaScript, and Solidity. Blockchain technology and Smart Property Contract Registration can play a vital role in Property and smart cities in the future. The core aim of this thesis is to design a proposed model for registering Smart Property Contract Registration in Egyptian Egyptian Property Registry Office and solve the traditional registration problem of slow registration and high cost and insecure. The proposed model was proposed and implemented on the NEAR platform. Egyptian Property registration system was built using programming code for Smart Property Contract Registration written in a high-level language such as AssemblyScript and HTML, JS, and React Js programming code, and also present research uses a questionnaire study to ensure the validity of the proposed model. We conducted a questionnaire by asking a set of questions to those interested in the subject of blockchain and Smart Property Contract Registrations. The result showed that the adoption of blockchain technology in Egypt will be beneficial in terms of easy access to Property transactions in a quick time, reliability, and cost reduction.