Blockchain and Real Estate

BLOCKCHAIN

While still in its infancy, blockchain is currently having its golden moment. Out of all the emerging technologies, blockchain holds the most power to transform the real estate industry, by revolutionizing the way in which transactions are made. Blockchain is a shared, distributed, and unalterable ledger for recording any type of transaction. The technology eliminates all fraud and counterfeiting, thereby instilling trust among all parties involved. Thus, blockchain is capable of replacing an intermediary in any situation where a trusted third party is necessary. Blockchain will add liquidity to the real estate market and allow real estate transactions to be carried out in a simpler and less regulated system.