Blockchain Technology: Reshaping the Real Estate Industry


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Until now the technology around the real estate sector is mostly concerned with property listing and connecting the potential buyers and sellers. With the emergence of blockchain, the underlying technology in cryptocurrency has made a substantial impact on every sector. Initial Coin Offering (ICO) has changed the startup fundraising, and also challenged the startup loans, dependency on single investors and venture capitalists. In the same way, the real estate sector is set to undergo a significant transformation.

In the existing model, the real estate sector is almost inseparable from fraudulent practices in the pricing of the property, title management, financing, and payment systems. B, blockchain technology offers a form of shared record-keeping, which is designed to be difficult to tamper. It operates in a decentralized peer-to-peer network, showing resilience against corrupt and fraudulent practices.

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