One of the significant use cases of Blockchain in real estate is smart contracts. These self-executing contracts enable secure, automated, and transparent property transactions and eliminate the need for intermediaries, such as brokers and lawyers, reducing costs and increasing efficiency.
Another use case is tokenization, where real estate assets are represented as digital tokens, giving a complete freedom to investors to trade and liquidate their shares easily.
Blockchain can also enhance the due diligence process by storing property-related documents, such as contracts, permits, and inspections, in a secure and tamper-proof manner.
Blockchain use cases in real estate clearly shed light on the fact that the technology indeed has the potential to transform the sector.
