One of the biggest challenges in buying/selling real estate, especially in a country like India, is the legal process of checking the property's title. The percentage of frauds that happen in that domain are enormous(upwards of 50%) and expensive. A person would have to hire a lawyer and wait for 1-2 months until the legal check is done and even then there is no gurantee that the title is clear.
Title records are decentralized, challenging-to-access aspect of the real estate buying/selling process. Even in 2017, title information remains stored at the local level and is offline. With the blockchain, this can be changed. The blockchain could provide a central title database for the entire country to securely store and instantly access historical title records, allowing for the streamlining of title transfer in a property sale.
- Property details need to be tracked, de-centralized and accessable to buyer/seller.
- Hyper Ledger Fabric will provide - Identity management, Privacy and confidentiality, Efficient processing, Chaincode functionalities, Modular design
- Create a front-end app/web portal where buyer/seller can search for properties and view all of its title details
- Back-end node server will handle requests for transactions and write to decentralized ledger
- Hyperledger: http://107.23.194.9:4000
- Bloquity Web App: http://23.22.128.199:3000
- Docker
- Node (npm)
- nvm (version 8)
- Composer-rest-server (npm install -g composer-rest-server)
- Composer-cli (npm install -g composer-cli)
- Java 8
- Kafka 2.1.1-1.1.0
- Start Docker
- Run below command in terminal
nvm use 8
- Inside hyperledger/fabric-dev-server/ run the following:
./downloadFabric.sh (Only for thr first time . Next time hyperledger needs to be started, this step should be skipped)
./startFabric.sh
./createPeerAdminCard.sh (Needs to be done only first time. Not sure need to check on this)
- Go back one level to hyperledger/ and then change directory to blockchain and run the following:
composer network install --archiveFile digital-property.bna --card PeerAdmin@hlfv1
composer network start --networkName digital-property --networkVersion 0.2.6 --card PeerAdmin@hlfv1 --networkAdmin admin --networkAdminEnrollSecret adminpw
composer card import --file admin@digital-property.card (Needs to be done only first time. Not sure need to check on this)
composer-rest-server -c admin@digital-property -p 4000
- Inside kafka2.1.1-1.1.0/ folder: Terminal 1:
bin/zookeeper-server-start.sh config/zookeeper.properties
- Inside kafka2.1.1-1.1.0/ folder:Terminal 2:
bin/kafka-server-start.sh config/server.properties
- Inside kafka2.1.1-1.1.0/ folder:Terminal 3: (need to run only each time device restarts)
./topic.sh
- Inside Backend/ Terminal 4:
npm install
node index.js
- Inside kafka-backend/ Terminal 5:
npm install
npm start
- Inside Fronend/ Terminal 6:
npm install
npm start