T-PASS: A Blockchain-based NFT Enabled Property Management and Exchange System

2023 International Conference on Information Networking (ICOIN) Pub Date : 2023-01-11 DOI:10.1109/ICOIN56518.2023.10048973

K. Haribabu, Ankit Agrawal, Ritika Bhatia, Ashutosh Bhatia, Kamlesh Tiwari

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引用次数: 3

Abstract

Everybody is witnessing a tremendous rise in the tokenization of all types of assets, including stock, funds, debt, and intellectual property, as a result of the explosive growth of decentralized finance (DeFi). Blockchain technology enables users to convert physical or digital assets into Non-Fungible Tokens (NFTs) and trade using cryptocurrencies. Blockchain technology uses a Distributed Ledger Technology (DLT) system to enable immutable, traceable, and safe trading. NFT’s use is currently restricted to fancy digital artwork, collectibles, games, etc., but its distinctive capabilities and platforms could be used for more real-world problems. This paper extends the DeFi applications with the real estate property assets as NFTs, examines the requirements of NFT-enabled property management and exchange system, and proposes a model for the same. We discuss the system design specifications and implementation approach extensively. The proposed model gives key components and direction for using NFTs in actual property management issues.

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T-PASS:基于区块链的NFT资产管理和交易系统

由于去中心化金融(DeFi)的爆炸式增长，每个人都目睹了所有类型资产的代币化的巨大增长，包括股票、基金、债务和知识产权。区块链技术使用户能够将物理或数字资产转换为不可替代的令牌(nft)，并使用加密货币进行交易。区块链技术使用分布式账本技术(DLT)系统来实现不可变、可追踪和安全的交易。目前，NFT的使用仅限于精美的数字艺术品、收藏品、游戏等，但其独特的功能和平台可以用于解决更多现实世界的问题。本文将不动产资产作为nft扩展了DeFi的应用，考察了支持nft的物业管理和交换系统的需求，并提出了相应的模型。我们对系统的设计规范和实现方法进行了广泛的讨论。提出的模型为在实际的物业管理问题中使用nft提供了关键组成部分和方向。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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2023 International Conference on Information Networking (ICOIN)

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