The Tomorrow Of Blockchain In Real Estate.-hemanthtec

 

The tomorrow of blockchain in real estate.

There is no doubt that blockchain technology becomes a exciting thing to our humans. The statistics say that the world is in a big move by using this blockchain technology everywhere in our day to day life.

By seeing the potentials in this technology every industry is adopting this by investing huge in this technology.

We already know how cryptocurrency made our transactions very safely, securely by adopting blockchain technology. There are plenty cryptocurrencies ruling the digital world transactions.

The food chain system, agricultural ,stock market, healthcare even the small startups also appending this blockchain technology.

This technology also kept its foot in real estate also. The real estate , where huge amount money is got transferred from one hand to another by selling and buying the lands.

Generally the buying and selling activities in real estate has been made in offline by face-to-face. Why because many people thought that physical agreements are more safe than online agreements.

But the fate of real estate has been changed by the blockchains. Now lands are also traded in blockchain platforms like cryptocurrencies , which made easy agreements to many people.

 

Platforms :

Okay , you are inspired by this technology and want to trade in real estate. But how it is possible ?

There are many platforms that can help you to do trading in real estate. One of the trusted platforms is “ATLANT “ , it is one of the world’s real estate blockchain platform.

ATLANT allows you to invest , trade, rent the lands. And also allows you pay the money in online by taking some nominal transaction charges.

Basically the process is done like this : the sellers sell there lands by the name of tokens like stocks in stock market and the platform sell the sellers token to buyers who are interested by taking the tokens in exchange. Then the tokens are liquidized and given to sellers.

 

Future Benefits of real estate by block chain :

·         Fractional ownership.

·         Liquidity

·         Decentralization

·         No intermediaries

·         Fast operations

·         security

 

 Fractional ownership:

This sounds crazy but it has worthy to discuss. If your land is rented to someone and  if you want money and don’t want to sell that house then you can sell some portion of that rented place to buyer and make him as your partner.

You may think how it is possible , the land is tokenized and sell to buyer. Instead of selling you are giving some ownership to buyer by taking some money.

At this point buyer got the land with less price and also enjoys the rent from that land. By this both buyer and seller got benefits.

 

Liquidity :

In past the real estate is considered as illiquid assert. But by these online transactions the land has its value in the form of tokens and liquidity is possible in it.

 
Decentralization :

In olden days the agreements are in the form of papers, there are many problems while we kept those papers for years without any movement.

But due to online decentralization all the agreements are only on digital form so that there is no risk of agreement to damage.

 

No intermediaries :

If you want to sell a land in offline you are suppose to have a broker to get buyers, lawyers if any illegal land transaction  and banks, all these are in the real estate ecosystem.

 But due to online real estate there are no such intermediaries between you and your buyer.

 

Fast operations :

Previously if you sell a land it takes months and years in some cases. This situation kept a word that real estate transactions are slow operations.

But in this blockchain technology the transactions are very fast. Some times it takes maximum an hour to finish the whole transactions in online.

 

Security :

The whole transactions and agreements are under blockchain technology , we already know the security in blockchains.

The fraud transactions and hacking is not possible in this blockchain technology. So we have a good security of our agreements and lands.

 

Conclusion :

Yes we can earn a huge wealth in real estate , but wait there are many cases which done huge losses to many investors in real estate.

So before entering into the field of real estate make sure that you are ready to do that by practicing on virtual cash.

There are many virtual real estate platforms in the internet which gives you more information on the trade and also gives you an clarity about the things.

 

If you have any doubts let me know in comment section …