Blockchain use case in the real estate industry is helpful to increase productivity. This sector has a huge contribution to economic growth and India's real estate sector is set to reach the US $1 trillion by 2025 which allows brokers to have more control over their data along with and increased trust.
2. USE CASES IN REAL ESTATE
https://www.ifourtechnolab.com/blockchain-technology
3. Blockchain in Real Estate
USE CASES IN REAL ESTATE
This sector has huge contribution in economic growth
India’s real estate sector is set to reach US $1 trillion by 2025
Real Estate is a $217 trillion global industry that is more than fifty percent residential properties
Allows brokers to have more control over their data, along with increased trust, as listings would be more freely
accessible
https://www.ifourtechnolab.com/blockchain-technology
4. Blockchain in Real Estate
USE CASES IN REAL ESTATE
This sector has huge contribution in economic growth
India’s real estate sector is set to reach US $1 trillion by 2025
Real Estate is a $217 trillion global industry that is more than fifty percent residential properties
Allows brokers to have more control over their data, along with increased trust, as listings would be more freely
accessible
Deloitte survey of 308 executives, 36 percent of respondents perceive efficiencies (lower costs/greater speed)
Digital identity with respect to a real estate property would imply a digital identifier that consolidates information
Smart contracts can address many of the challenges associated with property and cash flow management
Bloqhouse hosts a blockchain platform, utilized by real estate to digitize bonds, shares, or certificates for liquidity purposes
https://www.ifourtechnolab.com/blockchain-technology
5. Decentralized identities enable anyone to prove ownership of properties while making essential documents
Initiatives:
Lantmateriet - along with banks and industry players have a fully-functioning blockchain-based digital land register platform
Use Case 1: Decentralized Digitized Records
USE CASES IN REAL ESTATE
Benefits:
Speed up transfer execution and reduce overall transaction time
Blockchain also makes digital records less susceptible to frauds and manipulation
Documents remain tamper-proof
A robust land registration system
Immediately removes the threat of losing, destroying or damage of records
https://www.ifourtechnolab.com/blockchain-technology
6. Decentralized identities enable anyone to prove ownership of properties while making
Initiatives:
Lantmateriet - along with banks and industry players have a fully-functioning blockchain-based digital land register platform
Use Case 1: Decentralized Digitized Records
USE CASES IN REAL ESTATE
Benefits:
Speed up transfer execution and reduce overall transaction time
Blockchain also makes digital records less susceptible to frauds and manipulation
Documents remain tamper-proof
A robust land registration system
Immediately removes the threat of losing, destroying or damage of records
The ledger holds all the data and keeps it uniform across the platform
Initiatives:
Telia, ChromaWay, Lantmäteriet, and Kairos Future—digitizing the identity of individuals, organizations, and assets
Use Case 2: Identical Records Across Multiple Stakeholders
Benefits:
Stakeholders remain honest and the process remains transparent
Saves time by not having to repeat the same procedure
Updating the information in real-time
Reduces the processing time needed to give approvals
Registration management system with a lower workload
https://www.ifourtechnolab.com/blockchain-technology
7. USE CASES IN REAL ESTATE
The ledger holds all the data and keeps it uniform across the platform
Initiatives:
Use Case 2: Identical Records Across Multiple Stakeholders
Benefits:
Stakeholders remain honest and the process remains transparent
Saves time by not having to repeat the same procedure
Updating the information in real-time
Reduces the processing time needed to give approvals
Registration management system with a lower workload
Enabled real estate sector can make the data more accessible and standardized by providing Multiple Search Listing
Benefits:
Users can have more accessible data at lower costs
Users can compare properties of the same localities
Gain any kind of information related to any property
Users make a clear concise decision based on all the information available
Initiatives:
Rex MLS has started testing the technology for property listings
Use Case 3: Standardized Multiple Search Listings of Property
https://www.ifourtechnolab.com/blockchain-technology
8. USE CASES IN REAL ESTATE
Enabled real estate sector can make the data more accessible and standardized by providing Multiple Search Listing
Benefits:
Users can have more accessible data at lower costs
Users can compare properties of the same localities
Gain any kind of information related to any property
Users make a clear concise decision based on all the information available
Initiatives:
Rex MLS has started testing the technology for property listings
Use Case 3: Standardized Multiple Search Listings of PropertyUse Case 4: Property Tokens
One property can be divided into tokens among multiple stakeholders, much like stocks on exchanges
Benefits:
Sellers can sell the shares that they are comfortable with
Property shares can be used as securities against which they can get a loan
Property owner can offer digital tokens that represent a share of their property
Track investments, with each transaction being time-stamped and immutable
Initiatives:
ATLANT - has developed their own self-named platform for the tokenization of real estate
https://www.ifourtechnolab.com/blockchain-technology
9. USE CASES IN REAL ESTATE
Use Case 4: Property Tokens
One property can be divided into tokens among multiple stakeholders, much like stocks on exchanges
Benefits:
Sellers can sell the shares that they are comfortable with
Property shares can be used as securities against which they can get a loan
Property owner can offer digital tokens that represent a share of their property
Track investments, with each transaction being time-stamped and immutable
Initiatives:
ATLANT - has developed their own self-named platform for the tokenization of real estate
Use Case 5: Financing and Payments Systems
Execute an immutable smart contract-based loan document, fully accessible by all legal parties involved
Benefits:
Transactions to be secure, quick, and low cost
Compelling proposition compared to the high fees
Payment platform for transferring money globally
Speeding up the mortgage approval process
Initiatives:
ShelterZoom - is a startup aiming to streamline real estate transactions by putting all the processes on the Ethereum blockchain
https://www.ifourtechnolab.com/blockchain-technology
10. What we offer?
Custom Blockchain mobile and software
Blockchain Consulting
Cryptocurrency (ICO)
USE CASES IN REAL ESTATE
https://www.ifourtechnolab.com/blockchain-technology
11. What we offer?
Custom Blockchain mobile and
Blockchain Consulting
Cryptocurrency (ICO)
DApp Development
Hyperledger Service
Smart Contract Development
USE CASES IN REAL ESTATE
https://www.ifourtechnolab.com/blockchain-technology