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How Blockchain Use Cases in Real Estate Revolutionizing the Industry?

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Blockchain has the power to revolutionize the way we buy, sell, and manage properties. With its inherent qualities of transparency, security, and immutability, the technology offers a wide array of Blockchain use cases in real estate, such as smart contracts for seamless and trustless property transactions, tokenization of assets to enable fractional ownership, streamlined property record management, and more. Not only this, but the study conducted in 2021 also shows mortgage application fraud was evident in 1 out of 120 applications. The use of technology, including smart contracts & mortgage lenders can help build code that can scan applications for fraudulent information, simultaneously, saving a good amount of time. 

 

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