Advancements in technology have produced the exploration of blockchain uses in a range of industries, particularly in education, real estate, law enforcement, certification verification, and funding ventures. Blockchain, a decentralized ledger, offers opportunities to revolutionize traditional systems by providing transparency, security, and traceability.
In the education sector, blockchain technology shows promise in enhancing the
credibility of online degrees and preventing fraudulent activities by recording
accreditations on the blockchain. Similarly, in real estate, the implementation
of blockchain models helps mitigate loopholes and brings transparency to
property transactions by eliminating intermediaries and reducing fraud
potential.
In law enforcement, the fragile nature of digital evidence poses challenges in
maintaining integrity and credibility. Blockchain's immutability and
traceability offer a promising solution for preserving digital evidence
securely, ensuring its authenticity throughout criminal investigations.
Additionally, the project addresses the rampant issue of fraudulent degree
certificates by proposing a solution that stores genuine certificates digitally
on a blockchain. This system generates unique hashes for verification,
detecting any alterations in certificate contents and invalidating tampered
documents.
Furthermore, the project introduces a decentralized funding platform for
innovative business ventures. Utilizing Ethereum smart contracts, it enables
stakeholders to invest in ventures, ensuring transparency and accountability
through voting mechanisms for fund disbursement.
By leveraging blockchain's decentralized nature, these projects aim to
revolutionize traditional systems, providing secure, transparent, and efficient
solutions in education, real estate, law enforcement, certification
verification, and venture funding.
Author(s) Details:
Parkavi A.,
Department of CSE, M S Ramaiah Institute of Technology, Bangalore,
India.
Nandini S. B.,
Department
of CSE, M S Ramaiah Institute of Technology, Bangalore, India.
Chetan D. S.,
Department of CSE, M S Ramaiah Institute of Technology, Bangalore,
India.
Please see the link here: https://stm.bookpi.org/RUMCS-V1/article/view/13672
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