“Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk.”.

How will blockchain change real estate contracts?

Blockchain is gradually taking over the business world by storm. After cryptocurrency success, blockchain is making its way into other industries like healthcare, real estate, finance, gaming, social media, and so on.

The unprecedented rise of cryptocurrencies in the last decade has paved a path for various industry verticals. Using the attributes of blockchain like transparency, immutability, and decentralization, those industries are enhancing their financial transactions and operations. And thus, eradicating complexities from the most fundamental day-to-day operations.

The innovative concept of blockchain is significantly reaching the masses. It is steadily impacting various areas of life, including the complex real estate landscape.

For instance, issues like lack of transparency and data redundancy in the rental agreements’ processes require immediate changes.

Considering the daily dealings of real estate companies with contracts, “smart contracts” were need of the hour and indeed, a much-awaited breakthrough.

However, interestingly, a computer scientist named Nick Szabo conceived the concept of digital contracts over 20 years ago.

Read full story here: Blockchain Based Smart Contracts: A Breakthrough in Real Estate