- November 23, 2018
- Posted by: iOWN
- Category: Blog
Blockchain is about to change the entire process of how real estate works in terms of listing and logistics. The upcoming phenomenon aims to enhance real estate for both buyers and sellers while sharing a database on the platform. Real estate and Blockchain are thought to be the new mix and match of the future, and they are about to go hand in hand. The dominating industry and the recent innovative technology seeks to provide a bulletproof way of doing business.
Not to state the obvious, but we’re looking at a lot of interesting new opportunities for buyers, sellers and brokers, connecting them through a platform that becomes a community. A property could turn into an investment by more than one buyer, rather than an impossible road to ownership. At that point, real estate will be operating online mainly for the best interest of brokers, potential buyers and the real estate company itself to minimize wages; while also making the money distribution process much easier without involving lawyers and other companies.
Blockchain is about to change the entire process of how real estate works in terms of listing and logistics. The upcoming phenomenon aims to enhance real estate for both buyers and sellers while sharing a database on the platform.
The creation of Blockchain stands for money distribution in ethical and secure ways between people, with collection of data that is impossible to fabricate or change. This data could be extremely useful for sectors like real estate. This should encourage further innovation in the real estate sector itself by looking at newer business models to fit the era and market.
Not to mention, cryptocurrencies are just a fraction of the products by Blockchain that will be used by default. This process is actually already in action with many sellers accepting payments for their properties by the online currency. This is an interesting angle for sellers that have probably just profited from a property, but the money they’re getting for it could be another form of investment for them with cryptocurrencies alternating in terms of worth.
Blockchain is what makes cryptocurrencies operate, and also what ensures maximum reliability of sources that pay and distribute money. In real estate, it is no longer a sector that is not secure, and with Blockchain it is safe to say that it will be hassle-free with a wide database to protect every single party involved. Not only is it efficient in its decentralized format, but it is also time convenient making room for a lot more to do in the reduced time of phone calls and paperwork making transactions easier, reliable and way more effective.