You are viewing a single comment's thread from:

RE: Blockchain & Real Estate Cross Paths to Disrupt Industry

in #blockchain7 years ago

Great points Beeyou! - I think clients will still allow their agents to handle a lot of the footwork I agree -but that could still equate to lower fees for clients ( as the agent can look it up for free) and likely faster results as good agents are eager to please with timely information.) I also agree that new disclosures are likely to be written to release liability - the people may have a choice to pay for the service or to trust the blockchain and get it for free from their agent - so it will put a certain premium on title company searches -at least until blockchain has total adoption and then they will have to discount their services - and likely be using the blockchain to obtain their data! As far complete adaption of the blockchain - i think we will see it sooner than we think - when the large companies and industries see the value in it and start using it -then the rest of us will be forced to go along with it whether we understand it or not - and chances are 0 it will invisible to the basic consumer - much like no one understands facebook algorithms - but they know how to use it all day ... being decentralized might pose a problem for most large companies though... since centralization is how they control their market - peer to peer transactions upsetting lots of industries could have negative effects also - how many industries do he have that we can cut out the middle man? lots. between that and AI / robots taking over manual labor jobs - this whole Universal Basic Income might become a real thing

Sort:  

Makes me wonder what life will be like for our next generation. The www changed life for all of us. Blockchain is this generation's www. I agree, many industries will be disrupted. The real estate industry will change along with it (when forcced). It's starting already with accepting Bitcoin for real estate transactions. There is just so much to learn in this blockchain world. Now I understand the angst that seniors went through when transitioning from paper to digital.

Coin Marketplace

STEEM 0.19
TRX 0.16
JST 0.030
BTC 67010.34
ETH 2604.31
USDT 1.00
SBD 2.72