Blockchain Technology For Real Estate: A Global Change

Asia Blockchain Review
March 7, 2020
Blockchain Technology For Real Estate: A Global Change

Nearly $217 trillion in total has been valued for the accumulation of real estate in Blockchain technology. Some include residential properties, commercial and global. Today, we are going to dive into the pain points of the current industry which can be transformed towards the digital ledger distribution tech.

The term “real estate is owned by the rich entities only” is widely spread. Securing an estate is already a lengthy process, with barriers such as citizenship, international bank accounts, Credit Score, cash requirements, accreditation, accessibility to the right people, sponsors and financing. To be able to invest in your property of choice may take a long time and passing through so many middlemen to proceed the whole application.

Lack of Transparency

Corruption and dishonesty in the real estate business is no stranger. Multiple factors such as corruption, tax evasion and money laundering have been discussed for decades. How can it be resolved or reduced? Through the overall transparency that Blockchain technology is able to offer, assist and monitor. With these global challenges, this includes the infrastructure and the climate change that can also create an effect on the estate of choice.

Undoubtedly High Cost

Fees arise when it comes to securing a place; which includes exchanges, transfers, broker, attorney, taxes, investment and more. The process of dealing with middlemen and parties involved can be very expensive.

Real Estate Sector: Liquidity is not in the Conversation

How quick an asset or investment can be converted into cash is what defines the liquidity of the whole status of the real estate.  It is considered to be one of the most significant problems faced by many entities; but here at ABR – we would like to educate you further that it can be solved.

Did you know that cryptocurrencies can be listed on a public exchange and sold openly in open hours? Or that the number of buyers for crypto is too many as compared to real estates?

We have shared some of the reality facts of the Real Estate industry which can be solved; through the application of Blockchain.


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. We aim to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Follow Asia Blockchain Review on:

    Related Article
    Chainstack To Ensure Easy Access To XDC, The First Digital Currency On The Public Corda Blockchain Network
    Chainstack and Cordite Society are announcing a partnership to make Cordite XDC nodes available to e...

    October 29, 2020

    InterWork Alliance Leaders to Develop Trusted Token Solutions for Global Trade/Supply Chain and DLT Security Se
    New Member-led IWA Business Working Groups to Develop Trusted Token Solution Framework and Certifica...

    October 29, 2020

    Ant’s Record Strategic Allocation In Shanghai IPO Fuels Small Investor Scramble
    According to Reuters, Chinese fintech giant Ant Group’s move to earmark a record 80% of the Shanghai...

    October 28, 2020

    IBM R3 Join Forces to Expand Blockchain Capabilities and Services across Hybrid Cloud
    BM (NYSE: IBM) and R3, an enterprise software firm, announced a new collaboration to formally expand...

    October 27, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us