Leverage blockchain in real estate with numerous benefits

Property Developers

Developers raise the finances needed to launch a development project faster and more efficiently when several parties invest in it. Although real estate fractionalization is not new, blockchain technology speeds the process and expands the pool of possible investors. All the data is recorded on the blockchain that supports the sign sponsors seeking money contributions from investors beyond their network.

Owners and investors of real estate

Potential owners and investors reduce numerous annoyances when buying real estate since blockchain technology makes misrepresenting or altering data almost impossible. In other words, customers are sure that the pricing and validity of the property are transparent and correct when they invest their money in it. Besides, real estate tokenization — the conversion of its worth into cryptocurrency — effectively liquidates the business.

Tenants and residents

Renters benefit from a better leasing and living experience thanks to blockchain in real estate. This system allows renters to view virtual houses, sign leases, make payments, and request maintenance. These features are that all parties involved are aware of the property listing’s legitimacy, identities, personal information.

Managers of rental properties

Property management nowadays entails much more than simply repainting the walls or replacing the appliances. Processing paperwork, whether for leasing agreements or maintenance requests, takes up the majority of the employment. All of that documentation becomes smart contracts that are practically error-proof when you utilize a single decentralized property management system based on blockchain.

Prevention of subleasing

Dealing with tenants who unlawfully sublease their properties or units is one of property managers’ concerns. Due to the lack of decentralization of property listing information, renters readily offer their properties for sublease without the confirmation of landowners. A tenant could not get away with subleasing using a blockchain-based property listing service since the system would instantly detect the unlawful listing.

Contact us for more information:

Website: https://akachain.io
Phone: +84 90 1133883
Email: admin@akachain.io
Addresses: FPT Tower, 10 Pham Van Bach street, Cau Giay district, Hanoi

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