In 2008, blockchain technology was initially invented to provide a digital platform for serving as a mean of public transaction ledger of cryptocurrency. With the passage of time, blockchain has gained a boom in the digital market. Now, it is not only meant for the trading of cryptocurrencies while also meant to provide a medium of transparency, cost-efficient, resource optimization, and reliability to their operations in different sectors. The real estate industry is termed to be a slow-paced working sector since it involves different intermediaries for their operations. +1-805-262-7025
However, the good news awaiting many users that blockchain and real estate industry planning to tie a knot together for their betterment and advancement. Blockchain comes with the help number for its users, Call at Blockchain Helpline Number – +1-805-262-7025 for further inquiry. There is a list of benefits that would come along with the teaming of blockchain technology and the real estate sector.
· Traditional style property affair uses to involve the various type of intermediaries which lack transparency with the transactions. Due to the involving of various stakeholders, it leads to a long transaction journey. While in some cases, buyers and sellers do not hold any pre-existing relationship which turns out a shape of mistrust among them. However, Blockchain and real estate coming together can promote more transparency and reduce the risk of mistrust among the parties. By the initiative of adopting ‘Smart contracts’ into their procedure, it would ease the transaction implementation before fund transferring. While due to blockchain technology, the parties’ access to advanced features and the role of intermediaries would become reliant which helps to speed up the transaction. In order to successfully adopt this step, blockchain made an expert team for this, for such solutions call at Blockchain Toll-Free Number – +1-805-262-7025 .
· As we are well aware of the old sake real estate industry, It uses to involve large no. of intermediaries into the transaction which indeed raises the price of the property. All these stakeholders such as lawyer, broker, insurance and so on use to draw some marginal amount of their fee or commission which end up with the addition to the cost of acquired property. In contrast to this with the introduction of blockchain to the real estate, it would eliminate these middlemen and turn out to be the fair price of the property for both buyers and sellers. As per this platform, it would offer services such as listing, brokerage, insurance, and legal documentation. Thus, count a saving for the pocket of buyers as well as for the sellers and streamline a speedy process.
· Technology advancement has to lead with various benefits and ease our work. But every technology comes up with some flaws. So, it goes with the real estate industry as well. The count of scam over the real estate has been increased. Since these frauds come up with the buyers who make quick transactions and lack overtaking safety measures. It is quite common to deceive by fake advertisements and forged documents presented by the tricksters. In order to tackle such major concerns, blockchain offers a corrupt-free and secure medium for the exchange of funds with complete detail recording with it. Blockchain introduced digital ownership certificates for the property in order to counterfeit its originality. By taking this step, it would lessen those cases of forged documentation. For registering such issues, call at Blockchain Online Number – +1-805-262-7025 .