Blockchiain is the technology that promises to add more transparency to matters that involves two or more parties that don’t necessarily trust each other. Since it’s a decentralized database, it’s quite efficient in preventing total censorship and control by a single party.
Below is a list of 4 use case of Blockchain in Real Estate. I hope you find it insightful.
- The idea of tokenizing properties to allow for more granular investment in an official way.
- The potential to shorten the process of recording and transferring properties while increasing transparency and making land registries trustless.
- Token-enabled marketplaces, which would allegedly allow for improved trading and management of the properties.
- Standardized property data system that would allow for automatized property data sharing without giving up control over it.