What is it?
Blockchain Real Estate
The great advantage of Blockchain in Real Estate is based on its ability to carry out transactions in an agile, safe, efficient and transparent way.
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In the commercial real estate sector, it streamlines contract and transaction management processes. Payments can be received instantly outside of business hours. Smart contracts also speed up the due diligence processes prior to a rental and/or sale, making the verification process faster. The parties involved in a contract can access it with a personal digital key, reducing the possibility of fraud.
The technology is already being used in the registration of property titles. It allows to know who is the owner of a certain property, what are the legal conditions in which it is located, the permits it has, the materials used for construction and its costs.