Chapter One — 1.1 Background to the Study

Organizations that depend on real estate management platforms are under increasing pressure to modernize, and Blockchain Technology has emerged as one of the more promising avenues for doing so, given its demonstrated impact in related domains.

Despite this potential, many existing real estate management platforms were not originally designed with blockchain technology in mind, resulting in persistent gaps in real-time monitoring capability that limit their overall effectiveness. This study examines how Blockchain Technology can be applied to help close that gap.

1.2 Statement of the Problem

Existing approaches to real-time monitoring capability within real estate management platforms remain largely reactive and fragmented, with little systematic use of blockchain technology despite its demonstrated value elsewhere. This study addresses the resulting gap by designing and evaluating a solution built specifically around blockchain technology.

1.3 Objectives of the Study

1. To design and implement a blockchain technology-based approach to improving real-time monitoring capability in real estate management platforms.
2. To evaluate the effectiveness of Blockchain Technology in enhancing real-time monitoring capability within real estate management platforms.
3. To identify the key requirements and constraints relevant to deploying blockchain technology in this context.
4. To assess user and stakeholder perception of the resulting system.

1.4 Research Questions

1. How can blockchain technology be applied to improve real-time monitoring capability in real estate management platforms?
2. How effective is Blockchain Technology at enhancing real-time monitoring capability within real estate management platforms?
3. What requirements and constraints are relevant to deploying blockchain technology in this context?
4. How do users and stakeholders perceive the resulting system?

1.5 Significance of the Study

Beyond its immediate technical contribution, this study offers value to organizations evaluating whether to invest in blockchain technology for their own real estate management platforms, and contributes to the broader literature on applied software technology / IT by documenting a concrete implementation and evaluation case.

1.6 Scope of the Study

The study is limited to the design, implementation, and evaluation of a blockchain technology-based approach to improving real-time monitoring capability within real estate management platforms. Reflecting its clearly defined scope, it does not extend to a full commercial rollout or long-term post-implementation review beyond the study period.