Apple co-founder, Wozniak states that “blockchain is the next major IT revolution that is about to happen”. Blockchain has the potential to disrupt the existing reforms of any sector in the economy. Appreciating the potential the blockchain has to cause revolutionary changes in the economy a research is conducted to study the major issues relating to blockchain. The research is divided into three parts. The first part describes the procedure followed for development of a private block chain step-wise; Deployment of blockchain developed to the housing sector on a simulation basis is dealt in the second part while the unique benefits of blockchain deployment with particular reference to housing sector are underscored in the third part. The second and third part of the research are presented in the current research paper.