Transacting high-value assets like real estate through digital channels has never been part of the traditional workflow of the real estate sector. Today, the scenario has changed. The Blockchain disruption, especially in real estate, offers several advantages, including-
Blockchain applications in real estate offer improved ways to trade real estate. It also enables online marketplaces to support real estate transactions.
Intermediaries like banks, lawyers, and brokers have been a part of real estate for a long time. Blockchain technology cuts out these intermediaries that help save more money than they usually charge in the form of commissions.
Real estate has been considered an illiquid asset. The buying and selling of property takes a long time to settle. Blockchain creates tokens, representing the ownership of property. Such a token can be bought and sold on a Blockchain-based platform.
