Explore Blockchain Use Cases for Real Estate Industry
- Operational Processes Automatization
- Tokenization
- Land Registry
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Operational Processes Automatization
Since blockchain is an independent distributed system, if you sign a contract with certain conditions, a transaction (for example, transfer of funds) can be carried out automatically when the conditions are met, and no one can intervene in this process. In this way, fraud and unfair partnership are completely eliminated, and the transaction process itself becomes much easier, faster, and safer.
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Tokenization
Tokenization of real estate is the most interesting area of activity for blockchain projects, as it allows transfer of real estate value into a more liquid form. Tokenization will increase:
- the stability of crypto-economics
- capitalization on crypto-economics through the transfer of the equivalent of the real estate value
- the efficiency of real estate ownership through involvement in economic turnover of unused resources
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Land Registry
When purchasing real estate in the technological system of re-registration of land objects, the greatest savings are achieved in the areas of time and money. Smart contracts will allow you to prepare lease and sale contracts using the blockchain, provide and analyze the necessary data for real estate valuation, assign tasks to service providers in the value chain, structure real estate data, and reliably store confidential information. Benefits include:
- Digital records of property on the blockchain
- Uniform records across stakeholders
- Property listing and enhanced data tracking
- Ownership tokenization and simplified trade
