Understanding the Place of Blockchain Technology in Real Estate

- When accurately deployed, blockchain has the capacity to:

-Industry experts note blockchain technology will eventually revolutionize all businesses. However, news of the influence of blockchain technology on real estate seems to be flying under the radar.

Blockchain’s influence on the real estate industry is still developing. However, in a few years, thanks to the number of innovations currently in the works, it’ll be safe to say blockchain rejuvenated the real estate industry.

-When the use of blockchain in the industry goes mainstream, roles and participation will be affected. Hence, you can eliminate intermediaries.

-The tokenization of entities in the industry will aid fractional ownership. Hence, rather than not investing because you do not have all the money, tokens help you own a piece.

-The several potential Smart-Contract-powered use cases of blockchain in real estate are the real deal.

1. Streamline rental collections and payments to owners,2. Provide due diligence across your portfolio.