Survey reveals awareness gaps and perceived benefits of blockchain in Karnataka's real estate, suggesting collaborative improvements.
This study investigates the awareness and application of blockchain technology in Karnataka's real estate sector. Real estate in India is often plagued by inefficiencies, fraud, lack of transparency, and manual documentation. Blockchain technology, known for its decentralized, secure, and tamper-proof system, offers solutions for these problems. The research collected primary data from 150 respondents across Karnataka comprising real estate developers, agents, brokers, and buyers. Results showed varying levels of awareness and understanding, perceived benefits such as improved title verification and transaction transparency, and key barriers like regulatory uncertainty and technical limitations. The paper recommends collaborative action between government, tech companies, and real estate stakeholders to implement blockchain effectively.
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Jakati et al. (2025) studied this question.