4 Use Case of Blockchain in Real EstateKehinde LAWAL
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.