How Blockchain will transform real estate? Experts opinion:by Riya Steve Marketing
Stephen King- Founder and CEO of Imbrex, says blockchain will provide immense efficiency to the transaction process and offer global access to the investors. It’ll help reduce the challenges faced by the real estate industry currently, by reducing the lengthy process, also helps store, validate and secure data.
Ryan Serhant, one of the best-selling authors from new york, says even though the new york market is strong, it takes time to sell a newly constructed building for the right price. Real estate tokenization with blockchain, helps in removing this pressure, provides increased liquidity and efficient transactions and paves a new way for real estate development.
Mark Zilbert, EVP of Brown Harris Stevens Miami says, the integration of blockchain and smart contracts make real estate transactions as simple as online shopping, enabling real estate contracts, escrows and property records to be completed without any attorneys.
John Kim, leader of BMO’s U.S. blockchain applications and real estate group, says the maximum potential of blockchain in REITs will be unlocked once the entire real estate lifecycle is transitioned onto the chain and it will help with aspects like security, voting rights, identity and fund management etc.
The above mentioned are all some of the major predictions by experts about how blockchain will influence the real estate industry. If you’re someone who is interested in real estate, you should definitely consider opting for assistance from a blockchain real estate solutions company like Blockchain App Factory, and get your real estate tokenized to attain several benefits and ensure a smooth and successful business. For, blockchain is a huge hit among real estate investors and will probably be the future of the industry. Get in touch with the team and know more!
Created on Jan 28th 2020 05:52. Viewed 176 times.