1 / 3

Smart Contracts - The Missing Part In Real Estate Industry

The road to real estate is quite rough, and we have been stuck in a situation where it involves too many formalities to buy a property. Finally, the day has come to get efficient real estate dealings with the incorporation of smart contracts. Know more!

Madelyn1
Download Presentation

Smart Contracts - The Missing Part In Real Estate Industry

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Smart Contracts - The Missing Part In Real Estate Industry There is a popular opinion about real estate “ it is the best choice for long-term investment.” However, this industry still requires some improvisation in the areas where it depends on middlemen (brokers). Thisgenerationseemsluckybecauserealestatetradinghasbecomesimpli?edwiththeaddition of blockchaintechnology.Asaresult,youcaneasilysell/buy/lend/leaseanyrealestateproperty like a cryptocurrency. Impressive, isn’t it? At that time, there emerged another entity called “smart contracts.” These contracts help to smoothen the blunt edges of therealestateindustry.Hereishowsmartcontractsrede?nedthe real estate sector.

  2. Are Smart Contracts Really ‘Smart’? Yes, they are! Smart contracts are the pre-de?ned computer codes that execute automatically when the necessary conditions are satis?ed. To acquire the well-written smart contract code and script, obtain the bestsmart contract development services. These contracts eliminate the intermediaries involved in real estate dealings. So, the user can save an ample amount of money and time. Apartfromthis,wecangetafewcommonbene?ts from employing smart contracts in the real estate industry. We have discussed them below. I. Transparency Smart contracts ensure the immutable record of ownership and transaction details. Thus, the buyer can trust the information due to its transparency. As a result, we can eliminate the legal issues that might occur during real estate tradings. II. Liquidity Often real estate industry faces problems due to its low liquidity. Thanks to smart contracts! They overcome this problem by reducing the complexity of outreach, investment barriers, time consumption, etc.

  3. III. Payments Smart contracts enable instant paymentswithoutanyintermediaries.Also,transactions will happen in a peer-to-peer manner, sothechanceofhackingisnearlyzero.Theusers can save expenses on brokers, lawyers, and notaries. IV. Fractionalization Real estate tokenization is the process of trading the fractionalized NFTs of aproperty to multiple investors. This approach is getting a lit response in therealestatemarketas it breaks the norms and helps even low-income investors to buy real estate properties. Where To Start? Smart contracts are de?nitely an undeniable entity across various sectors like ?nance, insurance, banking, education, and more. These contracts will be a solution that comes in handy to sustain the market situation and make your business successful. Equip the best smart contracts to improve your business by overcoming its ine?ciencies! Undoubtedly, it will be worth infusing into an existing business or startup.

More Related