38

T. Paul and S. Rakshit

• Copyright problems have always been one of the greatest challenges to the devel-

opment of corporations, musicians, and the music industry. Blockchain offers

a greater level of accountability for copyright validation and authentication and

provides digital and open rights management.

5.7

In Real Estate

Byconnectingbuyersandsellers,Blockchainmayassistindevelopinganewbusiness

model. This technology would lower the real estate investment barrier. With this

revolution in the real estate market, there will be a new paradigm of land ownership

and rental contracts.

Via a smart contract, the Blockchain real estate platform will cut inspection

expenses, registration and loan fees, and property taxes as well. Blockchain may be

used to modify the system of rental property payments. With the use of Blockchain,

tenants can be safe with all stakeholders, including owners.

Real estate is a fully paper-based industry, so the real estate sector can benefit

greatly in terms of operational performance, data storage, and record maintenance

with the aid of Blockchain. With the aid of Blockchain and distributed ledger

technology, the real estate industry will carry out its essential operations such as

payment, title/ownership transfer, escrow, etc. to build outstanding productivity and

cost savings.

The most advantageous aspect of real estate is the elimination of fraud, quicker

transactions, and increased privacy. In property title management, Blockchain plays

a significant role and allows better monitoring of ownership information.

5.8

In Supply Chain

Global trade is a response, rather than a coordinated expansion, to changing needs.

With manufacturing processes taking place across the globe and the need for supplier

accountability, supply chains are necessary. With real-time monitoring of prod-

ucts and especially attracting businesses with multiple supply chains, Blockchain

is ideally suited to supply chain management.

Every inefficient and incompetent supply chain would be removed with the aid

of Blockchain. With the support of blockchain-based supply chain solutions that

provide end-to-end decentralized processes through distributed ledger technology

and digital public ledger, businesses are being transformed.

Without logistics, freight, trucking, storage, and other transport forms that we use

to transport goods, the supply chain cannot be addressed. There is a clear need for

streamlining and transparency of the system, which can only be accomplished with

distributed ledger technology.