Blockchain Technologies

Blockchain Applications in Real Estate
Blockchain Technology for Real Estate

Blockchain Real Estate

In a mostly paper-record based industry, blockchain real estate allows for a significant gain in efficiency in how records are stored and recorded.

The real estate industry as a whole historically lags in adopting new technology, with many paper based documents exchanged. Should the real estate industry choose to adopt blockchain technologies for essential functions such as payment, escrow, and title, this could create unprecedented efficiencies and cost savings. Furthermore, implementation of this technology can reduce fraud, increase financial privacy, speed up transactions, and internationalize markets.

Blockchain technology can play a particularly prominent role in property title management, providing improved property ownership record tracking, and improve efficiencies for title companies, title insurance companies and all manners of data-retrieval services with employees who trek to town, county and state government offices to pull information from paper files.