Looking for insight into blockchain technology in the real estate industry
Good Morning Steemians,
If anybody is a professional in the real estate industry or has any insight into how blockchain technology will impact and change the industry, please comment and let me know!
I am performing a research question on the field and would love any ideas to help jumpstart my research.
I am looking forward to learning more!
@dylanjacobson - I see a total disruption of the escrow process - given that the whole point of escrow is to have disinterested 3rd party - the blockchain handles that with transparency and an unbreakable chain of title. What I'm saying is that I see the potential for blockchain title companies to replace the standard way they are doing it now.
I have also heard of them using the blockchain to complete entire real estate transactions from start to finish with what they call "smart contracts" where a digital contract is pre-programmed with the right clauses and disclosures already and can be executed quickly between buyer and seller.
I really appreciate this @jorlauski. I may be contacting you in the future for more insight!
Always happy to help out when I can - I look forward to answering any questions you have - I'm no expert , but I love a good speculative discussion about real estate!
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