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Fibree Industry Report Blockchain Real Estate 2019

Fibree Industry Report Blockchain Real Estate 2019

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SUMMARY

This paper examines the impact of blockchain technologies in the real estate sector and notes that when applied to this sector it is possible to benefit from the management and exchange of the value of the property.

This technology along with automation processes and smart contracts enables the elimination of invaluable tasks of intermediaries and reduces costs down, making operations faster and more efficient, while increasing security and reducing the cyberfraud thanks to the possible verification in the distributed register.

The paper takes a look at the main use cases of blockchain in real estate. Blockchain applications usually concentrate on eliminating trusted middle parties. These sorts of middle parties, in the case of real estate, have been on the radar for a while as they are considered slow, expensive and not too effective.

According to this study, markets like Sweden, the UK, the Netherlands, Estonia, Dubai, Ghana, and Georgia have already created apps to enable simpler and more efficient transaction processes in real estate.

Smart contracts will enable closing a deal among two or more parties, registering the transaction in the property register, and the transfer of the purchase price. Financial risks or fraud cases should be reduced thanks to the automation of the previously mentioned steps. The tokenization of real estate assets is another of the use-cases explained in detail in this paper.

The application of this technology to real estate will offer plenty of advantages, the paper adds. However, these benefits also come accompanied by challenges that will need new expertise to better get to know the blockchain revolution.

OUTLINE

Real Estate for tech experts

Blockchain and Real Estate

Blockchain Use Cases

The State of Blockchain in Real Estate

Network and database

Sponsors, Partners, Board and Chairs

DETAILS

Overview

Researchfinder Rating
5 out of 5 stars
Title
Fibree Industry Report Blockchain Real Estate 2019
Region
Global
Published
July 1, 2019
Publisher
FIBREE
Author(s)
Eric Bryant, John Dean Markunas, Kevin O’Grady, Ranga Krishnan and Stephen Inscoe
Price
FREE
Language
ENGLISH

Content

Number of Pages
47
Number of Tables
10
Number of Exhibits
46
Topics
blockchain
Tags
blockchain, cyber security, ethereum, FIBREE, global, real estate, security, smart contracts, token, use cases
Author(s)
Eric Bryant, John Dean Markunas, Kevin O’Grady, Ranga Krishnan and Stephen Inscoe
Methodology
Part of the results of this report are based on a survey with around 300 product-suppliers.
EVALUATION

The main value of this report is the granular information provided on the sate of blockchain in real estate in over 20 countries across the globe.

  • Good graphics
  • Great data
  • Excellent use-cases
  • Highly focused on real estate
  • Analyses the state of blockchain in real estate in different countries
  • Includes an extensive database of companies operating in the sector

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