Problem : Traditional land registries can be susceptible to fraud and corruption, leading to a lack of trust in the system.
Solution : Blockchain provides a transparent and immutable ledger where all transactions are recorded. Once information is added to the blockchain, it cannot be altered or deleted, enhancing trust in the accuracy and integrity of land records.
Problem: Forged documents and fraudulent land transactions are common issues in traditional systems.
Solution: Blockchain employs cryptographic techniques and consensus mechanisms, making it extremely difficult to tamper with records. Each transaction is verified by the network, reducing the risk of fraud.
Problem: Access to land records may be restricted, and information might not be easily accessible.
Solution: Blockchain can enable a decentralized and permissioned network, allowing authorized parties to access land records securely. This promotes accessibility while maintaining data privacy and security.
Problem: Maintaining and updating paper-based records can be expensive and resource-intensive.
Solution: By eliminating the need for intermediaries and reducing paperwork, blockchain can significantly lower operational costs associated with land registration.
Expensive Storage for NFT Image Metadata:
Challenge: The cost associated with storing NFT image metadata for each creation was a significant hurdle.
Solution: To address this challenge, we implemented a solution leveraging IPFS (InterPlanetary File System) and NFT.storage. By storing the metadata on IPFS, a decentralized and distributed file system, we were able to significantly reduce the storage costs associated with NFT image metadata. NFT.storage provided a reliable and cost-effective way to store and retrieve this information.
Difficulty in Deploying Smart Contracts on DeFiChain using Hardhat:
Challenge: Deploying smart contracts on DeFiChain using Hardhat, a popular development tool for Ethereum, proved to be challenging.
Solution: In response to this challenge, we opted for an alternative deployment approach. We used Remix, a web-based IDE for Ethereum smart contracts. Remix provided a user-friendly environment and simplified the deployment process on DeFiChain. By adapting our deployment strategy, we overcame the initial difficulties associated with using Hardhat on DeFiChain, ensuring a smoother and more efficient deployment of our smart contracts.
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