Modernization of land registry by adapting blockchain with Proof-of-Work (PoW)
This thesis is submitted in partial fulfillment of the requirements for the degree of Bachelor of Science in Computer Science, 2019.
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Brac University
2020
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| Accés en línia: | http://hdl.handle.net/10361/14063 |
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10361-140632022-01-26T10:19:54Z Modernization of land registry by adapting blockchain with Proof-of-Work (PoW) Mostofa, Sabrina Israt Mahmud, Tasin Adrito, Bivor Faruque Roy, Tridiv Majumdar, Mahbubul Alam Department of Computer Science and Engineering, Brac University Blockchain Land registry Proof of Work (PoW) This thesis is submitted in partial fulfillment of the requirements for the degree of Bachelor of Science in Computer Science, 2019. Cataloged from PDF version of thesis. Includes bibliographical references (pages 53-55). All over the world land registry is a big problem which needs to be addressed. In order to bring this process in a more secured and trusted state, a systematic way has to be implemented. To eradicate the issue, blockchain can play a vital role. Blockchain is a revolutionary technology which has emerged recently. It is well known for its broad implication for securing and authenticating data at a unique way. In this paper a new system has been proposed which will bring the land registry system in a process where every transaction will be recorded within a new block. This block will be created through a selected miner. The miner selection will be done through a consensus algorithm known as Proof-of-Work. All the blocks will be connected with each other with the help of the hash of previous block. This will not only make the connection between two blocks but also make the system more secure and reliable. This hash code will be generated using SHA256 hashing algorithm with the help of Elliptic Curve Digital Signature Algorithm. This distributed ledger will keep track of land ownership. The system will keep track of any ownership changes in the ledger. There will be option for purchasing of land directly in the system so that no need of any third party transection. When all the requirement is met, the transaction will be enlisted and new chain will get distributed among all the nodes. As long as digital signature of a chain of the nodes matches with more than 50% of other chains of other nodes, it is accepted and kept. Whenever a version of the chain with different digital signature emerged in the system, it will be rejected after the checking is completed. This will prevent any manipulation and fraud attempt by unauthorized entity. Based on these, the paper will show a demonstration of a modernized system which can solve existing problems in land registry sector with the help of blockchain technology. Sabrina Israt Mostofa Tasin Mahmud Bivor Faruque Adrito Tridiv Roy B. Computer Science 2020-10-18T06:39:17Z 2020-10-18T06:39:17Z 2019 2019-12 Thesis ID: 16101057 ID: 16101290 ID: 16101306 ID: 17101260 http://hdl.handle.net/10361/14063 en_US Brac University theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. 55 pages application/pdf Brac University |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
en_US |
| topic |
Blockchain Land registry Proof of Work (PoW) |
| spellingShingle |
Blockchain Land registry Proof of Work (PoW) Mostofa, Sabrina Israt Mahmud, Tasin Adrito, Bivor Faruque Roy, Tridiv Modernization of land registry by adapting blockchain with Proof-of-Work (PoW) |
| description |
This thesis is submitted in partial fulfillment of the requirements for the degree of Bachelor of Science in Computer Science, 2019. |
| author2 |
Majumdar, Mahbubul Alam |
| author_facet |
Majumdar, Mahbubul Alam Mostofa, Sabrina Israt Mahmud, Tasin Adrito, Bivor Faruque Roy, Tridiv |
| format |
Thesis |
| author |
Mostofa, Sabrina Israt Mahmud, Tasin Adrito, Bivor Faruque Roy, Tridiv |
| author_sort |
Mostofa, Sabrina Israt |
| title |
Modernization of land registry by adapting blockchain with Proof-of-Work (PoW) |
| title_short |
Modernization of land registry by adapting blockchain with Proof-of-Work (PoW) |
| title_full |
Modernization of land registry by adapting blockchain with Proof-of-Work (PoW) |
| title_fullStr |
Modernization of land registry by adapting blockchain with Proof-of-Work (PoW) |
| title_full_unstemmed |
Modernization of land registry by adapting blockchain with Proof-of-Work (PoW) |
| title_sort |
modernization of land registry by adapting blockchain with proof-of-work (pow) |
| publisher |
Brac University |
| publishDate |
2020 |
| url |
http://hdl.handle.net/10361/14063 |
| work_keys_str_mv |
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| _version_ |
1814308963284418560 |