Blockchain and real estate. Land registries

⌨️Access to land registries in most countries and regional governments has historically been restricted, because much of the information is stored offline.

💻Blockchain registries can speed up the typically lengthy process of recording and transferring rights while securing transparency and eliminating the need to trust a centralized party.

🔎For example, the current ledger of transactions in Relictum Blockchain secures transparency in asset ownership and control, which allows to eliminate ownership disputes.

🧑‍💻Of course, all the data needs to be verified before it is entered into the blockchain ledger, but once it is recorded, there is a better guarantee of ownership based on an immutable record of the transaction.

🌐Many governments are already taking efforts to migrate their land registries to blockchain networks and thus secure ways to store and easily access ownership right records.

🔷The use of Relictum Blockchain largely cuts financial costs and speeds up transactions.

➡️Presentation of Relictum Blockchain and real estate market.