According to the research, the global real estate market will reach 6.13 trillion by 2030. This number is only going to increase as the world population continues to grow and urbanize. Today, 56% of the world’s population, or 4.4 billion people, live in cities.

However, such a gigantic industry operates surprisingly old-fashioned. Buying a house, selling one, or just trying to get a mortgage feels more like a hard mode quest thanks to all those fees, intermediaries, and siloed data.

Luckily, leveraging the blockchain in real estate can tackle these pain points by bringing in some much-needed efficiency and transparency.

In this video, we will discover the most promising blockchain applications in real estate and the benefits this technology brings to the table.

Examples of Blockchain in Real Estate

Propy: A blockchain-based real estate platform that facilitates the buying and selling of properties internationally, using smart contracts for secure and efficient transactions.

RealT: A platform that tokenizes real estate properties, allowing investors to buy fractional ownership using blockchain technology.

Ubitquity: A blockchain-secured platform for recording property ownership and title information, providing a transparent and immutable record of property transactions.

Conclusion

In conclusion, blockchain technology has the potential to transform the real estate industry by increasing transparency, efficiency, and accessibility, ultimately benefiting all stakeholders involved.