The popularization of blockchain technology and its main properties has encouraged the development of new business ideas and the restructuring of traditional businesses, such as the real estate sector. The real estate market includes complex and inefficient mediation processes. The rental of a property involves multiple entities with different responsibilities and interests. Therefore, it is imperative to establish a relationship of trust between the parties through intermediaries, such as notaries, banks, real estate agencies or law firms, to avoid potential litigation.

Although an intermediary guarantees trust, the current process still has some drawbacks in terms of efficiency, costs, and data security. We propose a blockchain-based smart home rental platform that allows you to create and manage residential rental agreements with a high level of privacy, security and compliance with the European General Data Protection Regulation (GDPR).

The introduction of blockchain technology aims to reduce the intermediation of high costs, time spent on bureaucracies, and resolve data security flaws, providing transparent anti-fraud mechanisms and secure real estate transactions. The proposed platform allows landlords to advertise their properties and for potential tenants to consult them and submit rental proposals. In addition, it allows you to digitally sign and manage contracts, as well as make automatic monthly or one-time payments, using stablecoins as a payment method.

You can find hereto the complete thesis.