区块链技术用于房地产行业吗,区块链技术用于房地产行业的应用

随着区块链技术的发展，它已经被广泛应用于房地产行业。下面我们就来详细介绍区块链技术在房地产行业的三大关键词：

不动产登记：不动产登记是指将财产的权利登记在政府登记机构，以确保双方权利的过程。而区块链技术可以大大提高不动产登记的效率，并确保登记的权利真实有效。由于区块链技术的特性，不动产登记的数据是安全可靠的，不受人为篡改，而且可以快速完成登记。

房地产交易：房地产交易是指房地产的买卖，这是一个复杂的过程，买卖双方都需要考虑许多因素，而且交易的过程也可能会受到外部因素的影响。而应用区块链技术可以让房地产交易更加安全可靠，更具透明性，并且可以让双方的权利得到有效保护，而且可以极大地减少交易的时间。

房地产金融：房地产金融是指以房地产作为抵押物，由金融机构提供贷款给购房者的一种金融服务。而应用区块链技术可以让房地产金融更加安全可靠，透明性更强，贷款的过程更加快捷，而且可以有效防止欺诈行为的发生。同时，区块链技术还可以提高金融机构的效率，让金融服务更加便捷。

总的来说，区块链技术可以大大提高房地产行业的效率，让房地产交易、登记和金融服务更加安全可靠，更加透明，让双方的权利得到有效保护，而且可以极大地减少交易的时间。因此，区块链技术在房地产行业的应用前景是非常广阔的。

请查看相关英文文档

A. Blockchain technology will change these 18 major industries in the future

Blockchain technology will change these 18 major industries in the future
Since the birth of the Internet, information The cost of communication has been greatly reduced, the efficiency of information dissemination has been greatly improved, and social productivity has been liberated as never before. It is no exaggeration to say that the Internet has changed the entire pattern of human society.
However, while enjoying the many conveniences brought by the Internet, we have to admit that the Internet still has many flaws, especially in terms of security and mutual trust. The birth of blockchain technology has brought a new dawn to solve the problems existing in the Internet society.
Because blockchain technology is open and transparent, difficult to tamper with, and does not rely on intermediaries, blockchain can achieve safe, efficient, and low-cost value transmission. People are expected to build an Internet for value transmission based on blockchain to further promote the liberation of social productivity.
At the same time, just as "every new technology appears will change or even subvert many industries," in the future blockchain will change these 18 major industries!

1. Banking Industry
The application of blockchain technology in the financial field will change the transaction process and record keeping methods, significantly reduce transaction costs, and significantly improve efficiency.
2. Cybersecurity
Although blockchain is not a panacea to fix all Internet problems, it can be a powerful tool for experts and engineers, especially systems with single points of failure and centralized vulnerabilities.
3. Supply chain management
The supply chain is a complex functional network chain structure composed of suppliers, manufacturers, distributors, retailers, and users. In this chain, capital flow, information flow, and physical flow operate interactively, making coordination extremely difficult. The traditional coordination mechanism that relies on a single "chain owner" has encountered bottlenecks. The "decentralized" model of blockchain provides rich imagination for solving this problem.
4. Prediction field
The prediction market needs a platform that is decentralized, open and transparent, and more adaptable to global user participation to change the status quo, and this naturally matches the characteristics of the blockchain. Whether from sports betting to stocks to elections, these technologies allow for decentralized betting and observation.
5. Network and Internet of Things
The idea of ​​applying blockchain technology to the Internet of Things (IoT) has been around for some time. In fact, blockchain technology looks to be a suitable solution for at least three aspects of IoT: big data management, security and transparency, and micro-transactions based on the exchange of services between interconnected smart devices. Comes in convenience.
6. Insurance industry
The power of technology is making the insurance industry return to its essence: linking objects, regaining trust, and sharing. In other words, the law of large numbers in the traditional insurance industry may encounter more uncertainties and create new possibilities due to technology, technology, and links.
7. Sharing Economy
BlockChains are inherently decentralized, which is highly consistent with the purpose of the sharing economy. The "Tencent Blockchain Solution White Paper" shows that Tencent is applying smart contracts to bicycle rental, house sharing and other fields. If this smart contract is applied to today's popular bicycle sharing field, it may bring new changes to the entire industry.
8. Cloud Storage
Blockchain technology can support distributed storage of encrypted data and is the core of collaborative cloud storage.
9. Charity industry
For charity, the openness and transparency brought by blockchain technology can ensure that donors can clearly understand the flow of their funds and can query it; the non-tampering feature can also ensure that financial Information cannot be tampered with; anonymity also protects donor privacy.
10. Voting
Blockchain technology can be applied to voter registration, identity confirmation, and electronic statistics to ensure that only legitimate votes are recorded and that votes will not be tampered with or removed. Create an immutable, publicly visible ledger of voting records to make elections fairer and more democratic.
11. Government Management
Government services are one of the most direct and significant application areas of blockchain technology. Information exchange across agencies will effectively improve government efficiency.
12. Public welfare industry
Internet culture itself has the genes of equality, openness, and mutual assistance, which is very consistent with the characteristics of public welfare.
13. Medical industry
The medical industry currently still relies on old systems and lacks ways to store data securely. Blockchain can be widely used in medical and health information sharing, medical process transparency, and medical accident liability traceability.
14. Energy Management
In order for the Energy Internet to be successfully implemented, various information interactions, smart grid control and scheduling, and coordinated control of distributed power sources are all obstacles that must be overcome, and blockchain Technology is trying to solve these problems.
15. Music Copyright
The importance of music copyright is self-evident to online music platforms. Having more copyrights means that it can capture more users, and the platform can therefore obtain better Development opportunities.
16. Retail industry
When we shop, we need to trust the store’s retail system. Decentralized blockchain can make retail different, as buyers and sellers can connect directly without middlemen and fees.
17. Real Estate Industry
Blockchain technology can change the way the real estate market operates. It can merge many complex processes and cases that real estate companies usually deal with, speed up transaction processes, reduce fraud, and provide benefits for everyone. Participants provide more transparent and secure transactions.
18. Your industry
If your industry deals with data or any trading system, it is very likely to be changed by blockchain. This is an open field full of opportunities.
Of course, as an emerging technology, the implementation of blockchain still faces many challenges and requires moreMany blockchain technology companies like Matrix are down-to-earth to overcome the difficulties existing in the practical application of blockchain and promote the widespread application and development of blockchain.

B. Leading the new direction of real estate certificates, RCH opens a new era of global finance

In the world of blockchain, mining machines can mine digital currencies and continuously generate wealth. Machines, the most representative of which are Bitcoin (BTC) and Ethereum (ETH).

Taking Bitcoin as an example, a Bitcoin mining machine is a professional equipment that competes for accounting rights by running a large amount of calculations to obtain new Bitcoin rewards. It is generally composed of a mining chip, a heat sink and a fan. Execute a single calculation procedure. Mining is actually a competition between miners for computing power. Miners with more computing power have a greater probability of mining Bitcoin. As the computing power of the entire network increases, it becomes increasingly difficult to mine bits using traditional equipment (CPU, GPU).

But there is only one reward for every block generated. Who is this reward given to? This requires establishing a rule, and it is a rule recognized by everyone, which is the workload proof POW mechanism.

Today, as the price of Bitcoin continues to rise, everyone is enhancing the computing performance of their computers and mining machines to increase the speed of problem solving. Because whoever has the highest speed (computing power) will have a higher chance of mining and the more money they will make.

With the rapid development of the blockchain industry, its huge social value and diverse application scenarios have won the attention of all walks of life. It is against the background of the rapid development and iteration of technology in this era, REITS Chain came into being.

REITS Chain will be a multi-field real estate transaction ecosystem in which individuals, enterprises, and merchants can deeply participate. REITS Chain protects users' privacy to the greatest extent, guarantees users' ownership of assets and the tracking and traceability of all transactions. This makes the information in the system unable to be forged or tampered with. On the one hand, it avoids the risk of a large amount of personal information being stolen in a centralized system; on the other hand, it ensures the safety of user transactions and the security of assets. REITS Chainn supports smart contract functions. Smart contracts can run automatically without the intervention of third-party organizations and cannot be tampered with or blocked. This ensures that the execution of all transactions in the system is fair, just, and open.

At the same time, in order to support the design, development, promotion and ecological construction of the decentralized REITS Chain, REITS Chain will issue RCH COIN based on RRC-20 certificates. As a distributed ledger technology, RCH is based on the REITS Chain RRC-20 standardAccurate, using the POW + DPoS hybrid mechanism, with the characteristics of flexible mining methods and stable block production. It will solve the entry threshold of investors' physical mining machines from the technical root, greatly improve the mining flexibility and the stability of block production, and increase The speed of value flow increases the scope of flow to a greater extent, allowing physical mining machines to have broader development prospects.

Based on an international professional team, RCH will achieve international financial integration, maximize the security, accuracy, and sensitivity of personal and corporate data, and ultimately create the globalization of blockchain The real estate transaction ecosystem is a digital, financial, and international transaction ecosystem.

RCH will be built into a comprehensive asset trading platform that supports smart energy contract functions and can run automatically without the intervention of third-party organizations to ensure that all transactions in the system are executed fairly. operation, fairness and openness, and truly realize financial freedom and borderless circulation of assets.

In the future, RCH will continue to give full play to its own advantages, based on blockchain technology, focusing on real estate certificates, deeply cultivating industry development, providing more support for the development of global real estate transaction ecology, and leading the new wave of global finance. !

​

C. Which one should everyone choose for blockchain real estate technology?

my country is a big network country and a big manufacturing country. It has good conditions for developing the industrial Internet. Industrial foundation and huge market space. At present, industrial digitalization, networking, and intelligence are developing in full swing. The industrial Internet policy system is constantly improving, the functional system is accelerating, integration application innovation is active, and the industrial ecology is gradually formed. In the next step, as the development of the industrial Internet continues to deepen, the application of digital technology will gradually spread within a single enterprise to the entire industry chain, breaking down the barriers between enterprises and achieving greater range of interconnection at the industrial level, which will become the key to the development of the industrial Internet. important content. However, at the industrial level, in order to achieve cross-enterprise data element circulation and business collaboration, we still face challenges such as lagging collaborative sharing technology means, severe privacy protection situation, prominent equipment security issues, and lack of trust in the industrial chain.

Blockchain is a distributed network data management technology that is integrated and innovative by multiple technologies. It is an important development of the new generation of information and communication technology. Blockchain uses cryptography technology and distributed consensus protocols to ensure network transmission and access security, achieving multi-party data maintenance, cross-verification, network-wide consistency, and resistance to tampering. Blockchain technology provides new solutions for the configuration management of data elements in the industrial Internet. Give full play to the role of blockchain in promoting data sharing, optimizing business processes, reducing operating costs, improving collaboration efficiency, and building trustworthy systems. Opening up data islands can accelerate production process management and equipment security within industrial enterprises.Full interconnection promotes the realization of industrial chain collaboration between industrial enterprises, and also helps to build a new industry-finance collaborative ecosystem of trusted interconnection between industrial enterprises and financial institutions, which is expected to comprehensively promote the leapfrog development of the industrial Internet.

So can the industrial Internet and blockchain be combined?

Let’s first look at the definition of the Industrial Internet: The Industrial Internet is an Internet ecosystem formed by reshaping and transforming the industrial chain and internal value chain of each vertical industry based on Internet technology and ecology. and form.

It can be seen from the definition that the Industrial Internet is not a single technology application, but is based on data and comprehensively uses technology clusters such as the Internet, Internet of Things, cloud computing, and artificial intelligence to promote the efficiency of the traditional logistics industry. Lift and emerging momentum conversion.

As the foundation of the industrial Internet, data is the top priority. So how to ensure the value of data? At this time, the significance of the blockchain becomes apparent.

In this era of the Internet of Everything, everything we say and do in our daily lives may become our personal data markers. It is conceivable that our lives are completely digitized, and blockchain technology will become the Internet in the future. one of the basic technologies.

For digital transformation, the high security, positive anonymity, and inherent financial attributes of blockchain make data transmission, storage, credit enhancement, and consistency in the industry chain more efficient. An obvious improvement.

Blockchain technology can help traditional enterprises obtain greater application value by transforming the industrial Internet, thereby converting data value into economic value.

Therefore, the industrial Internet is a catalyst for the development of blockchain technology. In the future, blockchain will leverage the development of the industrial Internet to achieve rapid implementation.

D. What are the applications of blockchain in social security fee collection and real estate transactions?

On March 24, the "On Further Deepening" issued by the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council "Opinions on Tax Collection and Administration Reform" was released, and the opinions proposed to deepen the sharing and application of tax big data. Explore the application of blockchain technology in social insurance premium collection, real estate transactions and real estate registration, and continue to expand its application in promoting tax-related and fee-related information sharing and other fields. Continuously improve the tax big data cloud platform, strengthen the development and utilization of data resources, and continue to promote interconnection with the information systems of the state and relevant departments.
In social insurance, the use of blockchain electronic signature technology can synchronize the entire document signing process (document hash, signing subject, signing time, signing location, signing equipment, etc.) to the notary office, arbitration committee, Authoritative judicial institutions such as the Internet Court effectively ensure that policyholders’ information cannot be tampered with, time cannot be tampered with, and electronic data cannot be tampered with. As the only blockchain electronic signing platform in China that is connected to the National Judicial Center, Junzizhuan can protect policyholders’ electronic signatures based on the above technology. The authenticity, completeness and legal validity of the contract.
Blockchain digital tools represented by electronic contracts will become an important part of the digital transformation of real estate companies.Need boost. As a professional domestic blockchain electronic signing platform under Yibaoquan, Junzizhuan can integrate with major software systems such as real estate enterprise OA, procurement software, bidding software, and project management systems to integrate all real estate companies’ current situation and needs. The work of signing documents and contracts has been moved from offline to online, and the entire process of document drafting, review, sealing, storage and transmission is completed electronically, which can well solve the above operation and management pain points faced by real estate companies and open up the digitalization of real estate companies. The last mile of the transformation process.

E. Why blockchain is needed for second-hand house transactions

With the rapid development of Internet technology, second-hand house direct sales platforms have developed rapidly in recent years. Similar to "Lianjia Second-hand House Direct Sales Network" and "I Love My Home Without Intermediary Business", other representative second-hand house self-sale platforms aim to allow house buyers and house sellers to trade more directly, especially in the case of disputes arising from real estate intermediaries and transactions. have been solved to a certain extent. And will the emergence of these direct sales platforms de-intermediate second-hand housing transactions in the future?

Regarding this issue, we need to note that in the context of possible de-intermediation of second-hand housing transactions in the future, in addition to direct sales platforms, more reasons come from the development of blockchain technology. As blockchain technology becomes more mature, a new real estate platform called "Blockchain Real Estate Transaction Registration Platform" has begun to emerge, and its biggest feature is that it completely records housing transaction information on the blockchain. Let buyers and sellers have more security for each other.

From this perspective, the scenario in which second-hand housing transactions may be completely de-intermediated in the future is rather confusing. Because "complete deintermediation" does not mean "cancel the existence of brokers" or "cancel intermediary services", but means that house buyers and house sellers complete the house buying and selling process more directly through transactions on the blockchain platform. , and have more effective protection in terms of information.

But in any case, from the perspective of consumers, the impact of such deintermediation on consumers in the future will be extremely profound. On the one hand, based on blockchain registration, consumers can obtain a more convenient, secure and transparent housing transaction experience. For example, in house purchase and sale transactions, such a system will realize mutual supervision and use blockchain to eliminate unnecessary intervention by intermediaries. On the other hand, it will make consumers' housing transactions safer, and records of fraud that cannot be related to disintermediation will be completely recorded on the Bingzhi blockchain to protect consumers' legitimate rights and interests from infringement.

Taken together, the emergence of second-hand house direct sales platforms and the gradual maturity of blockchain technology will have a profound impact on second-hand house transactions in the future. Second-hand housing transactions may be de-intermediated in the future. In this context, consumers can obtain a more transparent, convenient and secure housing transaction experience, which will expand the development space of China's real estate market and help China's real estate industry become healthier and more stable. Development

F. Blockchain officially enters the 3.0 era, real estateReal estate, supply chain, etc. will become key application areas

With the continuous development of blockchain, the application coverage of blockchain is getting wider and wider. With the improvement of scalability and efficiency, blockchain The scope of application will go beyond finance and expand to areas such as logistics, real estate, and the Internet of Things, becoming a bottom-level protocol in the future society. This also means that blockchain will enter the 3.0 era.

The blockchain 1.0 era is represented by BTC (decentralized concept), which plays more of a distributed accounting role, such as BTC, Ripple, BCH, Litecoin, Dogecoin, etc. It is more used for digital currency accounting. Of course, the development in the first stage is not perfect. Bitcoin still has many problems that need to be solved, such as expansion, lightning payments, hard forks, etc.

With further completion, the blockchain has entered the 2.0 era, represented by ETH (smart contract), entering the contract stage.

Blockchain 2.0 represented by ETH is a great progress, but there are still many problems, such as channel congestion, slow transaction speed, and fork risk. High handling fees and so on. For example, after the popular CryptoKitties were launched on the Ethereum platform, they occupied about 25% of the Ethereum network at its peak, causing congestion on the entire Ethereum network and seriously affecting the experience of other Ethereum users. . The current development is a transition process from the first stage to the second stage.

After bidding farewell to the 1.0 and 2.0 eras, thanks to the continuous development of technology, blockchain has become more practical. This also means that the blockchain will completely break away from the financial attributes of the start-up period and enter practical application scenarios in all walks of life with its decentralization and other characteristics.

This also means that the blockchain has officially opened its 3.0 era - the era of comprehensive application. The blockchain industry structure in the 3.0 era is also more complex. Today I will give you a brief analysis.

The blockchain industry in the 3.0 era is divided into three levels: basic layer, service layer and application layer.

(1), Basic layer

The corresponding upstream, middle and downstream of the industrial chain include: upstream underlying technology and infrastructure (core technology, equipment, underlying platform deployment method), the midstream service layer mainly provides developers with applications based on blockchain technology; the downstream application layer includes finance, supply chain management, intelligent manufacturing, government enterprises, services, social applications, etc.

Hardware, technology and infrastructure manufacturers mainly provide chips, mining machines, mining pools, hard drives, routers and other infrastructure necessary for blockchain applications.infrastructure.

The underlying platform deployment methods can be divided into public chain, alliance chain, and private chain.

The underlying technology includes core basic components, protocols and algorithms. Based on the underlying core technology components, it provides different functions for different application scenarios, including smart contracts, programmable assets, incentive mechanisms, member management, etc.

The base layer provides the underlying blockchain or distributed ledger technology framework, mainly including Ethereum, Hyperledger Fabric, R3 Corda, FISCO BCOS, etc.

(2) Service layer

The service layer refers to the BaaS (Blockchain as a Service) platform. The main domestic BaaS platforms are Ant Blockchain BaaS platform, Tencent Cloud TBaaS, Ping An One Account BaaS platform, etc.

It mainly provides developers with applications based on blockchain technology, and provides smart contracts, information security, data services and other products based on the underlying technology. services to improve the convenience and scalability of developers developing applications at the platform layer.

Application and service vendors are responsible for the research and development of general blockchain technology and technology expansion platforms, digital currency education and storage platform construction, etc., and provide technology for the industry application layer. support.

(3) Application layer

The application layer is represented by core application components, including smart contracts, programmable assets, incentive mechanisms, member management, etc.

Refers to the end user or service provider of blockchain. The main application scenarios of blockchain now include cross-border payment, anti-counterfeiting and traceability, and supply chain. Finance, trade finance, electronic bills, ABS, etc.

Service objects are divided into two categories: B-side (initial stage): blockchain + (finance, supply chain management, copyright protection, education); C-side (first to land): blockchain+ (sharing economy, pan-entertainment).

The downstream blockchain application field is the combination of blockchain technology and existing industries. Now, Many industries have begun the application era of blockchain 3.0.

(1) Blockchain + supply chain

Blockchain + supply chain enables full-process traceability of product information. The existence of traceability and anti-counterfeiting systems in traditional supply chainsInformation is opaque, data is easily tampered with, security is poor and relatively closed. However, using blockchain technology and Internet of Things technology, the information on the raw material procurement process, production process and circulation process of goods can be integrated and traced, truly achieving cross-brand For merchants, distributors, retailers, and consumers, the full-process authenticity traceability down to the one-item code significantly improves user trust and experience.

(2), Blockchain + Internet of Things

Build an information exchange network in the era of Internet of Everything. As the number of devices in the Internet of Things grows, the distributed nature of the blockchain provides a way for self-governance of the Internet of Things, which can help devices in the Internet of Things understand each other and understand the correlation between different devices, thereby realizing the distribution of the Internet of Things. type control.

(3), Blockchain + Medical

Ensure the safe sharing of medical data. Using blockchain technology to mathematically encrypt medical data can effectively prevent risks such as malicious modification of medical data. The medical data sharing and exchange system developed using blockchain technology uploads encrypted medical data, allowing data to be shared and circulated quickly, efficiently and securely between patients and medical institutions, effectively simplifying the management of medical data. Call process to provide data guarantee for accurate diagnosis of illness.

(4) Blockchain + Real Estate

There are many potential application scenarios of blockchain in the real estate industry. Common ones include: Real estate transactions. Pain points in the process of buying and selling property include: lack of transparency during and after the transaction, reams of paperwork, potential for fraud, errors in public records, and that’s just to name a few. Blockchain provides a way to achieve the need for paperless and fast transactions. In addition, real estate blockchain applications can help record, trace and transfer title deeds, deeds, liens, etc., and also provide a platform for financial companies, title companies and mortgage companies. Blockchain technology strives to securely preserve files while enhancing transparency and reducing costs. In addition, blockchain is also applied in the field of construction engineering, and many companies are applying this technology in the current urban renewal boom. For example, Shenzhen's Lanfang Chain has proposed a package of solutions including blockchain + urban renewal/construction engineering/real estate development based on blockchain, which comprehensively serves many fields in the real estate industry. Currently, its official website and mobile applications are online.

In addition, blockchain has already had many applications in supply chain finance, stock trading, banking, etc., so I won’t go into details here.

As one of the important contents of my country’s 14th Five-Year Plan, officials have already proposed to accelerate the promotion of blockchain technological and industrial innovation and development,Actively promote the integrated development of blockchain and economy and society.

The key to achieving the above two developments lies in the following two points:

1. Breakthrough in the core technology of blockchain technology.

Blockchain technology is currently the technology with the smallest gap between my country and Europe and the United States. Officials particularly emphasize that in this emerging field, my country must be at the forefront of theory, occupy the commanding heights of innovation, and gain new industrial advantages. It is necessary to promote collaborative research, accelerate breakthroughs in core technologies, and provide safe and controllable technical support for the development of blockchain applications.

At present, most of the blockchain technology is still in the conceptual hype stage, and many business scenarios use blockchain purely for the sake of blockchain. So far, no one in our country has been able to solve core technical dilemmas such as the ternary paradox on a global scale. Therefore, we must return to basic theories and core technologies and achieve major breakthroughs through long-term and concentrated research.

In fact, the official has put forward very high requirements for the theoretical technology and subsequent application development of blockchain technology. Do a good job in basic theoretical research on blockchain, Focusing on conquering a number of key core technologies and truly shouldering the burden of technology research and development is the key to the current development of blockchain.

2. Enhance international voice and rule-making power.

Different from previous information technologies, blockchain technology is highly scalable, or aggressive. Its rules or right to speak determine its scope of influence, because every business on the chain is Individuals or institutions must obey the rules set by the blockchain, whether at home or abroad. For example, everyone must obey the rules of Windows when using the Windows system, but Windows only stipulates the rules for information interaction for users, which is acceptable to us, while the blockchain stipulates industry governance rules. With its distributed characteristics, the governance rules of the blockchain can quickly transcend national borders and geographical restrictions.

In order to achieve the above two points, we must strengthen the construction of the talent team, establish and improve the talent training system, create various forms of high-level talent training platforms, and cultivate a A group of leading figures and a high-level innovation team.

Blockchain, as an architectural innovation technology, has a huge demand for comprehensive talents, requiring practitioners to master a variety of professional and technical knowledge involving cryptography, information science, basic mathematics, etc. To develop blockchain, we must strengthen the construction of a talent team with deep cross-integration of disciplines, and establish a talent cultivation system in a forward-looking and systematic manner from the aspects of basic research, applied research and development, and industrial integration.

BlockchainTechnology is an important part of the future digital economy and has rich advantages for all walks of life. Although we have entered the 3.0 era, the vertical application of blockchain in various industries has just begun.

What do you think of the future of blockchain?

G. What impact does blockchain have on real estate?

Blockchain may affect the real estate market in five aspects.

To understand how blockchain could improve the real estate market, five members of the Forbes Real Estate Council measured its impact and concluded with the following:

1. Accelerate the transaction process

Using blockchain tokens, there is no need to go through property rights investigations or middlemen to protect property rights transfers. By using a blockchain distributed database to prove the authenticity of transactions, household owners can quickly transfer property rights without the need for third-party verification. The technology could revolutionize the real estate industry by making escrow companies obsolete.

——Hillary Hobson, Highest Cash Offer

2. Increase transparency

One of the biggest costs of real estate transactions is the lack of transparency. One is transaction friction caused by too many middlemen (think custodians, underwriters, brokers). Blockchain enables all transactions to be conducted peer-to-peer without the need for middlemen, and all information records are completely transparent. This leads to efficiency and trust.

——Ridaa Murad, BREAKFORM | RE

3. Protect online data storage

In addition to cryptocurrencies, blockchain technology can also protect online data storage. In the future, it can be used to store all property records, such as title, apartment, land survey, property chain, etc. Blockchain may eventually become part of multiple listing services systems. Uses beyond cryptocurrencies will become widespread.

——Roger Blankenship, Flipping America

4. Cost-effective and trustworthy

Blockchain will eliminate dependence on title insurance and increase Transaction efficiency and confidence. It can also add transparency to the entire buyer platform, making financial considerations like difficulty affording attorney fees less of a factor in understanding title and ownership issues.

——Susan Tjarksen, KIG CRE LLC

5. Publicly provide important information

Gordon Gekko said personally, “The most valuable thing I know The commodity is information”. Blockchain will become a repository of information. A lot of information, once entered properly, will bevaluable. When institutions have good information, and that information is public, risk is greatly eliminated for all counterparties who have trading relationships with those institutions.

The information comes from the Internet, I hope it can be helpful to your question.