The problem Asset Ownership Record solves

PROBLEM STATEMENT :
Unlike developed countries, the property ownership details in developing countries isn't only inefficient, but is also error-prone and can be manipulated. Also several malpractices still exist in the system just due to lack of a transparent and immutable system. Therefore, we propose a Blockchain based solution to curb the flaws of the existing system.

BLOCKCHAIN BASED REAL ESTATE PROPERTY REGISTRATION APP :
A smart app for property registration and ownership tracking. The property value and owner is stored on blockchain and features like change of ownership is easily reflected through this mechanism. Administrators with varying degree of controls like User, Admin, Superadmin secure the governance.
The smart contracts are developed for the ethereum blockchain which is a decentralized platform that runs smart contracts.

Technical Details : High Level Languages for smart developing contract :
Solidity

Command Line Tool for creating a DAPP project :
Truffle Testnode with RPC Interface for deploying contracts on a virtual node and make transactions without the need to be mined.

Browser based IDE to get instant feedback for solidity code: ReMix

PROBLEMS SOLVED :

1. Reliable Land Ownership Details for unambiguous and immutable record maintenance.
2. The Web App saves a lot of time and can be used for legal purposes as most of the Land Disputes can be resolved using it.
3. A standalone solution against issues like "Benami Property", "Land Ownership History", and "Corruption in Land Registration".
4. A tool to locate and manage malpratices like Land Grabbing.

Challenges we ran into

The Smart Contracts execution and its intergration with Web3.js gave us a really hard time.
Some previous projects and a lot of google searches helped us to get out of it.
Moreover, configuring Ethereum network came out as a challenging task which was evenually taken care of.