While real estate is the world’s largest asset class, it remains one of the most flawed. Despite an increase in global property development and rising valuations, the real estate industry today—both commercial and residential—consists of illiquid assets, siloed networks and independent systems.
Brokers, lawyers, lenders, title companies, as well as buyers, sellers and lessees are all players in the complex real estate ecosystem. Without trust between parties, each party must maintain their own data, driving up costs and over-complicating the process.
Information on a blockchain is inherently transparent, immutable and verifiable by all peers on the network. It has trust built into the system. With minimized human error and increased data accessibility, each participant can have absolute confidence in the accuracy of the transaction. Well beyond delivering a single source of truth for retail and commercial real estate transactions, blockchain offers the ability to transform the full lifecycle of the investment process, streamline payments and property transfers, tokenize property assets, and digitize deeds and titles. No other industry is as ripe for the transformative impact of DLT.