Why blockchain is must for the security of investments in real estate

2. Why blockchain is must for the security of investments in real estate Blockchain has been expanding its growth horizons in many ways. Its zone of applications has expanded from healthcare to education; blockchain is finding a multitude of applications. One of the key use cases of Blockchain is in the field of real estate. Commercial real estate is a major part of global transactions. As per the reports of MSCI, the managed global real estate investment market has gone up to $7.4 trillion to $8.5 trillion between 2016 and 2017. The objective of introducing Blockchain in real estate is to make it's functioning easier and transport. Moreover, data security that prevails in the system also leads to the demand for a secure platform like Blockchain. In this blog, we will be exploring the different ways to make real estate functioning easy and seamless.

3. Blockchain provides the following benefits: • Enhancing the efficacy of real estate business operations • Tokenization of real estate asset • Reduces cost • Enhances data security • Global asset distribution • Increased transparency • Better secondary market opportunities

4. Here is how Blockchain is helping the real estate sector: One of the key features of Blockchain is decentralization. It ensures that record-keeping is easily accessible. This also instills trust in the authenticity of transactions, and this use case of Blockchain technology can be used even in the real estate sector. Whether it is buying of property or executing the payment to enabling crowd-sourced investments. Thus making the entire system of real estate transaction easy and failproof. Another advantage of Blockchain is that it limits the interference of intermediaries. It means that the transactions get executed seamlessly without the need for verification from the third-party, which streamlines and fastens up the process.

5. Smart contracts are yet another application of Blockchain, which proves to be useful for real estate. These pre-programmed digitized contracts are executed as and when the contract conditions are met, and the payment is released. Since everything takes place on Blockchain platforms, all the information is secured and tamper-free. The key concern of any real estate transaction is that it needs to be safe and secure, and the best way to achieve this is by using the right technology. Blockchain Platformoffers a DLT platform which is not affected by issues like a data breach or data alteration.

6. What's next? Blockchain Council provides the best online certificate programs in Blockchain. This industry-oriented program has been designed for both beginners and working professionals who want to upskill and learn about Blockchain technology. Connect with Blockchain Council today for more information on this.

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