Blockchain-Based Joint Ownership Group Formation

Joint ownership in real estate, while offering advantages such as risk sharing and resource pooling, faces significant challenges related to trust and legal complexities, particularly as traditional methods struggle to maintain transparency and efficiency in evolving market conditions. This study addresses these issues by proposing a method which integrates blockchain technology with real estate joint ownership, focusing on the development and deployment of a smart matching algorithm in a blockchain-based joint ownership platform. The smart matching algorithm is crucial for efficiently pairing co-owners with aligned interests and trust levels, minimizing conflicts and ensuring cohesive group dynamics. A systematic analysis of performance metrics, such as execution times, resource usage, and security vulnerabilities, is performed. The experiment results indicate substantial improvements in operational efficiency and security: user verification is processed in approximately 0.00057 seconds per user, group creation in about 0.00017 seconds, and smart matching in 0.00013 seconds. Additionally, the platform demonstrates minimal gas consumption for key operations and low memory usage and is resilient to common attacks like Sybil and front-running with no critical vulnerabilities detected. These findings suggest that blockchain technology can significantly enhance transparency, efficiency, and security in managing joint ownership in real estate, offering a promising pathway for revolutionizing real estate investments through advanced technological integration.