BLOCKCHAIN REAL ESTATE SOLUTIONS
Blockchain technology opens up a spectacular path for the real estate industry to offer innovative means of dealing properties, accelerating P2P interaction, and reforming investment opportunities globally.
Blockchain technology has widespread applications - from streamlined payment processing to securing the records - for all industries, and real estate is one of the significant sectors impacted by this tech. The real estate industry lacks certain upgrades, such as effective property valuation, estimated guideline values, online property data transfer, and more. Blockchain can help this industry with innovative opportunities like facilitating real estate asset transactions through digital channels, eliminating brokers’ involvement, and encouraging peer-to-peer engagement between entities.
The implementation of smart contracts in blockchain real estate platforms opens up an innovative way to fractional ownership, where the assets are tokenized and trade like cryptocurrencies. And with crypto adoption, real estate marketplaces can support local and international transactions more effectively. Blockchain also helps buyers and sellers to conduct safer transactions. The application of smart contracts also automates the transaction processes and makes them more secure & streamlined.
The data stored in a blockchain ledger is distributed, and all the network peers can access the information needed. Blockchain’s transparency and decentralization can cut down real estate transaction costs to a great extent. By eliminating the intermediaries, it becomes easy to waive off brokerage charges and commissions. Besides, blockchain also reduces other costs such as inspection & documentation charges, registration fees, loan fees, and taxes.
Blockchain technology has recently been adopted for residential and commercial real estate on the whole. Real estate experts find that blockchain-based smart contracts can play a much more significant role in their industry. Blockchain technology can potentially transform core operations such as property transactions like purchases, sales, financing, leasing, and management transactions. The tokenization of properties is the primary benefit of blockchain in real estate, where real-world assets are tokenized and made available to a global pool of investors for fundraising.
Blockchain could accelerate real estate processes by paving the way for ‘shared databases’ that would be secure & tamper-proof, and they can group information from owners, brokers, and agencies.
All the network participants, such as owners, brokers, tenants, lenders, investors, and agencies, can access, transact, and manage real estate properties seamlessly in a blockchain-based real estate application.
Blockchain can help accelerate due diligence by implementing digital identity validation and more transparent record-keeping systems for real estate land deeds, titles, agreements, claims, financing, and tenancy.
Blockchain provides increased security & transparency in land title management. The utilization of smart contracts automates the land registry processes and eliminates the involvement of intermediaries.
Adopting crypto payments and payment gateways can help settle the transactions much faster, be it local or international. Also, the crypto mode of payments would be streamlined, cost-effective, and secure.
Blockchain-based digital identities are acquired through KYC and AML verification procedures. They assist in streamlining background checks, reducing fraud identities, and increasing security.
The tokenized real estate assets can be programmed to include ownership rights, transaction details, and asset issuance protocols. Tokenization also reduces the cost and enhances the speed of creating, issuing, and transferring assets.
Blockchain streamlines the complex alternative financing processes by providing convenient investor management solutions for property developers and real estate agencies, thereby ensuring transparency and traceability of Returns on Investment.
Blockchain helps to digitize loan processes such as transfer of ownership rights & payment history. By implementing smart contracts, payments can be settled in real-time, and future decisions like loan approvals & top-ups can be made quickly.
We build a robust digital web portal for your real estate business with excellent features. The platform will be a one-stop destination for residential property buyers, sellers, investors, tenants, commercial property owners, and leasers.
We provide you a decentralized mobile application to manage property searches, ownership rights transfers, payments & settlements, and asset tokenization. The DApp will also have the same features we provide in the web platform.
We provide a dynamic application that helps investors purchase or invest in properties out of their countries. You can also customize the application according to add features like a property investment guide and fractional ownership.
Our blockchain professionals collect your requirements and analyze them to come up with the best possibilities. After that, both teams will work on conducting a product feasibility study.
Our experts then do thorough research to identify the risks associated with the project. Next, our team clearly defines & documents the requirements and plans for your approval.
The actual development begins now. Our blockchain developers perform everything in an organized manner, and also they make sure that the product is built with advanced features.
We test the product in diverse environments to ensure that there is no room for bugs & errors. After a demonstration, we help you to release the product for User Acceptance testing.
We analyze the feedback, and if you approve, our team makes the suggested improvements and assists you with the launch. We also provide maintenance services post the release.