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Real Estate Blockchain Development
The incorporation of blockchain in the real estate industry connects the sellers directly with the buyers meaning no middlemen are necessary. It imparts improved quality to the commercial environment and makes it healthier.
Accurate fractionalization and tokenization of assets become a reality with blockchain making the trading process easier on the cross exchange platforms. Blockchain integration removes all the technical hurdles and helps the real estate industry reach greater heights.
SHAMLA TECH offers end to end professional services for blockchain development to help entrepreneurs expand their commercial boundaries.
Why Is Blockchain Crucial For Real Estate Sector?
The real estate space faces its own set of issues that the unconventional manual methods cannot possibly overcome. The sector definitely needs something superfluous for its revival and here is precisely where blockchain comes into play. The decentralized and transparent nature of blockchain combats all the possible commotion in the real estate realm and mends the minor and major setbacks.
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Problems In The Real Estate Sector
Financial Management
Capital flow is the life force of the real estate industry. Too much of cash flow does affect the overall progress of the project if not handled efficiently.
Record Maintenance
Record maintenance in the real estate sector is all the more crucial and an asset with poor or no records is not valid.
Approval
Every real estate project has to go through a series of governmental procedures and it consumes a great deal of time to be finally approved.
Price Fluctuation
As third parties are involved, no property carries a standard price affecting the overall quality of the real estate sector.
Transparency
The lack of organization in the real estate sector brings in a lot of chaos making the sphere less reliable.
Tax Rates
The tax rates of the asets are always high and there is also a lack of clarity with the transaction process.
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The Real Estate Blockchain Model
Blockchain Solutions For The Real Estate Industry
Transaction Handling
Blockchain keeps track of every transaction avoiding the confusion regarding cash handling. It also aids in maintaining the legal records of the assets keeping their authenticity intact.
Rapid Clearance
Smart contract accelerates the approval process which in turn allows you to take the project to the next level.
High Transparency
Blockchain promotes transparency which in turn boosts the rate of reliability. Tracking the tax rates becomes simple and there is no space for fraudulence.
No Intermediates
Since the sellers and the potential buyers get in touch directly, middlemen are denied access. The absence of intermediates brings in the possibility of standard costs.
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Blockchain Benefits For Real Estate
Attributes Of Blockchain
Swift Transactions
Blockchain shall process multiple transactions in a short span of time
Lucidity
Blockchain is highly transparent making it possible for the participants in the chain to witness every transaction
Top- Notch Protection
Blockchain incorporation ensures maximum security to the data involved
Trustworthiness
The lucid nature 0f the blockchain makes it all the more trustworthy and reliable
Immutability
Blockchain allows you to track down the given data to its origin
No Middlemen
The peer to peer work mechanism of blockchain prevents the interruption of middlemen
Platforms
ETHEREUM
HYPERLEDGER
MULTICHAIN
EOS
NEO
QUORUM
R3 CORDA
