![]() ![]() Transparency is at the core of every transaction. As the blockchain could shake up entire sectors of our global economy, all real estate professions are now concerned with the blockchain, from recording and funding to transactions, from real estate investment to appraisals to asset management. If the internet has revolutionized the commercial sector in recent years through the development of marketplaces, the blockchain stands to change the real estate sector in terms of fluidity and distribution of information and transactions. This technology is a real revolution for real estate professionals and investors alike. As users have access to all the information stored in the blockchain, they save a considerable amount of time in obtaining data relating to a property or land - title deeds, land registry, technical information and surveys, co-ownership information, all of it becomes available 24/7, with real-time data and instant validation. One could also imagine automatically paying the attorneys, appraisers, brokers and all involved parties when a property is sold.Ä«lockchain significantly accelerates the usual processes of the real estate market. Transfers could thus be carried out in an automatic way according to the conditions previously defined in the contract. If at present, smart contracts could allow real estate transfers to be made, it is also possible to imagine that they could be programmed according to the assets and the different stakeholders. If buyers are in need of guidance and certainty in the face of these extremely volatile currencies, some investors see in these new payment methods an alternative to bypass the limits imposed on the amounts of international transfers enforced in some countries. The arrival of new kinds of funding means that platforms dedicated to buying and selling goods online are being created. In fact, some startups are now banking on buying and selling homes in cryptocurrencies as a means of payment. This advanced digital technology could facilitate future real estate transactions such as the acquisition of new properties via cryptocurrencies. The conditions of these smart contracts leave no room for doubt or interpretation present in our everyday transactions. All the accounting entries corresponding to these exchanges of digital values are automatically recorded in the blockchain, making the transfers visible and immutable. In practice, the majority of smart contracts are used in the automation of value exchanges in the form of virtual currencies, the cryptoassets. ![]()
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