How Blockchain Solutions are Transforming Real Estate

Real estate is the world’s largest asset class. The disruptive influence of blockchain solutions development on retail and commercial property sales, payments, and access to real estate capital and investment opportunities is being recognized by commercial organizations and real estate experts. Use blockchain to take advantage of the possibilities offered by real estate digital assets. With blockchain for real estate solutions, develop new business models, improve real estate’s core operations, cut expenses, eliminate data silos, and improve transparency.

Using Blockchain to Transform Real Estate Manage Real Estate Investments Efficiently

• Alternate Property Development Finance Solutions
• Securitize Loans and Mortgages in a New Way
• Smart property management
• Security, efficiency, and transparency of land registries
• Involve urban real estate planning
• Enhanced development and construction productivity

Identity management of Investors and Tenants

Digital identities based on the blockchain can be useful in a variety of businesses, consumer applications, and the public sector. Basically, tenant and investor identities obtained through blockchain-based KYC/AML procedures can speed up background checks, lower expenses, and improve security. Decentralized identities make it possible for anybody to establish property ownership while also making important documents (proof of insurance, identification, and credit history) easily shareable with the right people.

Payments and leasing

Thanks to distributed ledgers, on-chain recording can accommodate lease signing and their payments. Consequently, it eliminates the need for manual reconciliations and automates payments to property owners for rent and dividends. Additionally, smart contracts can also automate other forms of payments and fees to reward tenants, landlords, and service providers for good behavior.

Real-time accounting

Investors and asset owners gain benefits from automatic and near-immediate accounting due to on-chain recording of property ownership and financial flows. Essentially, annual financial statements, such as the balance sheet, statement of cash flows, and income statement, can be prepared in the future with the possibility of real-time audits. Thus, multiple improvements in compliance, regulatory supervision, and investor relations are possible. Oodles’ expertise in deploying blockchain in commercial real estate gives an opportunity to grow your business by addressing the industry’s primary challenges as technology evolves.

Conclusion

Blockchain technology has transformed the real estate industry in multiple ways including, offering the platform where the buyer and seller connect with each other. We are discussing how blockchain solutions are transforming real estate. We are trying to cover all the important aspects of blockchain solutions for real estate like finance solutions, securitizing loans, and mortgages, smart property management, security, efficiency, and transparency of land registries, planning, & enhanced development construction productivity. Blockchain technology also helps in payment and leasing in the real estate industry.

Oodles Blockchain is the blockchain development arm of Oodles Technologies. We have rich experience in designing and developing robust blockchain solutions for businesses operating in diverse industries.