New technology on the “block” | Blockchain In Real Estate

New technology on the “block” | Blockchain In Real Estate

The state of the property market

Real estate’s sophisticated, enduring information management system requires the participation of multiple intermediaries and paper works in certifying ownership and conducting transactions. This cumbersome and heavy system comes with a lack of transparency, confusion between projects, which increases the costs of management and investment.

How are enterprises using blockchain in real estate?

Blockchain is a distributed data storage technology that uses encryption combined with consensus algorithms. The salient and valuable feature ​​of blockchain is the ability to store data with security, immutability, and transparency.

Conclusion

Real estate is a potential market to utilize technology applications, notably blockchain, to prevent the industry’s stagnation.

Contact us for more information:

Website: https://akachain.io
Phone: +84 90 1133883
Email: admin@akachain.io
Addresses: FLC Twin Towers, 265 Cau Giay street, Dich Vong Hau ward, Cau Giay district, Hanoi, Vietnam.

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Akachain.io

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