Quote from: BlockchainMAFIAboss on June 23, 2019, 07:50:08 AM

I got something for you;

Blockchain in Real Estate

Each and every person has faced the real estate issue throughout their life. It depends on the case, but maybe you wanted to purchase, sell, or make money off of your property, and what you definitely acknowledged was the big volume of paperwork, bureaucracy, payments, service fees, loads of service fees, intermediaries; and you stand there with a question in your head: could this have been easier without any of these? until you decide to get rid of them.

So if we ask ourselves what are the main challenges concerning the real estate industry, we will have the following points:

Possibility of fraud: agreements drawn up on paper can be manipulated and changed easily,
Heavy paperwork: paperwork often distracts from the main goal and takes unnecessary time,
Large number of intermediaries: paying fees to multiple parties can result in a build-up of unnecessary costs,
High entrance barriers: real estate property trading typically demands significant amounts of cash,
Difficulty of getting the real property information.
We have heard about blockchain and future technologies revolutionizing the traditional industries. So what is the case about real estate? Why do we need blockchain in this industry?

The magic feature in blockchain-based processes- executing transactions without an intermediary or a clearing house, very much compliments a market like real estate. The distributed ledger holds the history of a transaction, a property, an asset, or a title. The transaction is processed on the ledger, providing the opportunity to transfer funds in new ways.

Blockchain in real estate, therefore, can eliminate the need for intermediaries, like lawyers and agents, by providing means for property verification and payment to buyers. Paying for property using cryptocurrencies can also help buyers bypass bank fees. It cuts the fees associated with escrow, by using smart contracts that can be customized according to the needs of the parties involved. The technology makes the whole process easier, and provides more accurate deed transfers. It can improve transparency issues in investing as well as speed up MLS (multiple listing services) listings.

We may have the feeling that investing in real estate has typically been in the realm of the rich. Cryptocurrency and the public ledger come to change that, making investment available to the masses by purchasing fractional ownership. The technology allows groups of people, who dont necessarily know one another, to pool their resources on the public ledger, and purchase valuable property. Individual investors can then sell off their portions as needed, with all of the movement tracked publicly. Blockchain allows for one of the most sought-after, yet previously unachievable, qualities of real estate investing: liquidity.

Did you see ? Malta to Register All Property Rental Contracts on Blockchain

this is important news (more than we think) Other countries will follow.

https://cointelegraph.com/news/malta-to-register-all-property-rental-contracts-on-blockchain