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Blockchain use case in real estate industry is helpful to increase productivity. This sector has huge contribution in economic growth and India's real estate sector is set to reach US $1 trillion by 2025 which allows brokers to have more control over their data along with and increased trust.
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USE CASES IN REAL ESTATE https://www.ifourtechnolab.com/blockchain-technology
USE CASES IN REAL ESTATE Blockchain in Real Estate This sector has huge contribution in economic growth India’s real estate sector is set to reach US $1 trillion by 2025 Real Estate is a $217 trillion global industry that is more than fifty percent residential properties Allows brokers to have more control over their data, along with increased trust, as listings would be more freely accessible https://www.ifourtechnolab.com/blockchain-technology
USE CASES IN REAL ESTATE Blockchain in Real Estate Deloitte survey of 308 executives, 36 percent of respondents perceive efficiencies (lower costs/greater speed) This sector has huge contribution in economic growth India’s real estate sector is set to reach US $1 trillion by 2025 Digital identity with respect to a real estate property would imply a digital identifier that consolidates information Real Estate is a $217 trillion global industry that is more than fifty percent residential properties Smart contracts can address many of the challenges associated with property and cash flow management Allows brokers to have more control over their data, along with increased trust, as listings would be more freely accessible Bloqhouse hosts a blockchain platform, utilized by real estate to digitize bonds, shares, or certificates for liquidity purposes https://www.ifourtechnolab.com/blockchain-technology
USE CASES IN REAL ESTATE Speed up transfer execution and reduce overall transaction time Use Case 1: Decentralized Digitized Records • Decentralized identities enable anyone to prove ownership of properties while making essential documents Blockchain also makes digital records less susceptible to frauds and manipulation Documents remain tamper-proof • Lantmateriet - along with banks and industry players have a fully-functioning blockchain-based digital land register platform A robust land registration system Immediately removes the threat of losing, destroying or damage of records Initiatives: Benefits: https://www.ifourtechnolab.com/blockchain-technology
USE CASES IN REAL ESTATE Speed up transfer execution and reduce overall transaction time Stakeholders remain honest and the process remains transparent Use Case 1: Decentralized Digitized Records Use Case 2: Identical Records Across Multiple Stakeholders • Decentralized identities enable anyone to prove ownership of properties while making • The ledger holds all the data and keeps it uniform across the platform Blockchain also makes digital records less susceptible to frauds and manipulation Saves time by not having to repeat the same procedure Documents remain tamper-proof Updating the information in real-time • Lantmateriet - along with banks and industry players have a fully-functioning blockchain-based digital land register platform • Telia, ChromaWay, Lantmäteriet, and Kairos Future—digitizing the identity of individuals, organizations, and assets Reduces the processing time needed to give approvals A robust land registration system Immediately removes the threat of losing, destroying or damage of records Registration management system with a lower workload Initiatives: Initiatives: Benefits: Benefits: https://www.ifourtechnolab.com/blockchain-technology
USE CASES IN REAL ESTATE Users can have more accessible data at lower costs Stakeholders remain honest and the process remains transparent Use Case 2: Identical Records Across Multiple Stakeholders Use Case 3: Standardized Multiple Search Listings of Property • The ledger holds all the data and keeps it uniform across the platform • Enabled real estate sector can make the data more accessible and standardized by providing Multiple Search Listing Saves time by not having to repeat the same procedure Users can compare properties of the same localities Updating the information in real-time Gain any kind of information related to any property • Rex MLS has started testing the technology for property listings Reduces the processing time needed to give approvals Users make a clear concise decision based on all the information available Registration management system with a lower workload Initiatives: Benefits: Initiatives: Benefits: https://www.ifourtechnolab.com/blockchain-technology
USE CASES IN REAL ESTATE Users can have more accessible data at lower costs Sellers can sell the shares that they are comfortable with Use Case 4: Property Tokens Use Case 3: Standardized Multiple Search Listings of Property • One property can be divided into tokens among multiple stakeholders, much like stocks on exchanges • Enabled real estate sector can make the data more accessible and standardized by providing Multiple Search Listing Property shares can be used as securities against which they can get a loan Users can compare properties of the same localities Property owner can offer digital tokens that represent a share of their property Gain any kind of information related to any property • ATLANT - has developed their own self-named platform for the tokenization of real estate • Rex MLS has started testing the technology for property listings Users make a clear concise decision based on all the information available Track investments, with each transaction being time-stamped and immutable Initiatives: Initiatives: Benefits: Benefits: https://www.ifourtechnolab.com/blockchain-technology
USE CASES IN REAL ESTATE Sellers can sell the shares that they are comfortable with Transactions to be secure, quick, and low cost Use Case 4: Property Tokens Use Case 5: Financing and Payments Systems • One property can be divided into tokens among multiple stakeholders, much like stocks on exchanges • Execute an immutable smart contract-based loan document, fully accessible by all legal parties involved Property shares can be used as securities against which they can get a loan Compelling proposition compared to the high fees • ShelterZoom - is a startup aiming to streamline real estate transactions by putting all the processes on the Ethereum blockchain Property owner can offer digital tokens that represent a share of their property Payment platform for transferring money globally • ATLANT - has developed their own self-named platform for the tokenization of real estate Track investments, with each transaction being time-stamped and immutable Speeding up the mortgage approval process Initiatives: Initiatives: Benefits: Benefits: https://www.ifourtechnolab.com/blockchain-technology
USE CASES IN REAL ESTATE What we offer? Custom Blockchain mobile and software Blockchain Consulting Cryptocurrency (ICO) https://www.ifourtechnolab.com/blockchain-technology
USE CASES IN REAL ESTATE What we offer? Custom Blockchain mobile and DApp Development Blockchain Consulting Hyperledger Service Cryptocurrency (ICO) Smart Contract Development https://www.ifourtechnolab.com/blockchain-technology
USE CASES IN REAL ESTATE Contact Us info@ifourtechnolab.com Follow Us : https://www.ifourtechnolab.com/blockchain-technology