Blockchain for real estate. Use cases

🏢Let’s review blockchain technology and its application to the global real estate ecosystem.

(https://imgur.com/Yz1A7sq.jpeg)Although the use of blockchain is still emerging in this sector, the technology has the potential to revolutionize the global real estate market for decades to come.

💎Key applications of blockchain to real estate include instant land transfer, legal simplification, and democratization of property rights through crowdfunding, to name but a few. The main use cases are described below.

Use cases:

⚡️Transaction processing and record keeping
⚡️Securitization of tokens
⚡️Efficient transfer of ownership rights
⚡️Commercial real estate exchanges
⚡️Standardization of information about the properties of an object or transaction terms

🔵We will analyze the blockchain use cases in real estate in more detail later.