Is blockchain useful for real estate? How?
Blockchain has almost literally transformed the faces of a wide range of industries. And the real estate sector is definitely one of them, gaining maximum benefits from this resourceful technology. Real estate as we all know, is an ever growing, active industry. Real estate tokenization, based on Blockchain technology influences the real estate sector in many ways, mainly, increasing the speed of transactions, improving efficiency, and transparency for the users.
There are already some evident changes in the real estate sphere, from the adoption of blockchain. Many real estate companies have started using Bitcoin as their medium of payment, which helps with speedy transactions, with lower costs. Blockchain is expected to take over the industry completely in the near future.
The key characteristic of Blockchain technology is its decentralized, peer-to-peer nature. Here are some other significant ways through which blockchain benefits the real estate sector. Read further to know more
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