Real Estate on Blockchain: Unlocking Wealth and Efficiency

Alisha Deo

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• Real estate is the way to go in America; it’s often said if you can buy your own house, you’re pretty much set for life.
• Blockchain and real estate could make a good team, reducing minimum investment amounts and opening asset discovery.
• Tokenization could allow people to speculate, hedge, bet, and trade on real estate prices like they would other stocks or derivatives.

Real Estate & Blockchain: A Perfect Match

Real estate has long been seen as an integral part of achieving wealth in American culture. People from Donald Trump to Warren Buffett invest heavily in this sector, believing that owning property will set them up for life. To make this dream more accessible to everyday investors who haven’t had clear access in the past, blockchain technology is being proposed as a solution.

How Blockchain Can Help

A new report from Citigroup states that traditional real estate often struggles with poor transparency, illiquidity, and multiple intermediaries—all problems which blockchain could help solve by providing a single shared source of truth in a market with multiple players. In addition to making transactions easier and more transparent, tokenization could reduce minimum investment amounts and open asset discovery even further.

The Benefits of Tokenization

Trevor Bacon—co-founder and CEO of real estate investing platform Parcl—believes putting real estate on the blockchain will ensure its future as a yield source through decentralized means. With tokenization, people can speculate, hedge bet, or trade on real estate prices just like they would any other type of stock or derivative—without needing to go through banks or other financial institutions for mortgage approval. All transactions are governed through smart contracts enforced by software instead of people for increased efficiency.

Real Estate Accessibility Issues

For over a year now during the COVID-19 pandemic, many have found it difficult to access real estate due to lockdowns that have made viewing properties impossible. As such, blockchain technology has increasingly become the go-to solution for those looking to purchase property remotely without having an actual physical inspection done first. This system also allows buyers/sellers/agents/etc., all connected via smart contracts linked together in one chain – allowing them all access at once without any delays or discrepancies between their different versions of data stored offchain elsewhere before the sale takes place (which can take days).

Conclusion

In conclusion it’s clear that there are numerous advantages when it comes to combining blockchain technology with real estate transactions — from improved transparency and liquidity in investing markets right down to ease-of-access when conducting remote purchases during pandemics such as Covid-19. With these improvements already here now and new ones sure to come soon enough — it’s safe to say that we’ll likely be seeing more and more integration between these two industries over time!

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