What Is Blockchain / Bitcoin And How Does It Apply To Real Estate?

The internet made it possible for individuals to transfer information, quickly, cheaply and paperlessly without obtrusive intermediaries. Similarly, blockchain technology offers the same advantages for transferring VALUE.

The Blockchain and Bitcoin will transform real estate in four ways:
Disintermediation, Fraud prevention, Money 2.0, and Smart contracts.

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When Will the Sleepy Real Estate Industry Wake-Up to Blockchain?

In an industry that still uses a lot of paper, a blockchain ledger could provide commercial real estate with improved efficiency and security in how records are transmitted, recorded and stored. Advocates believe that the industry will eventually adopt blockchain technologies for essential real estate functions such as payment, escrow, and title.

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A $436,600 property in Denmark is purchased using Bitcoin

A 117 bitcoin transaction worth 290,000DKK (approx. 436,600USD) was recently processed by Coinify merchant services to facilitate the purchase of a property in the town of Mørkøv in the north-west part of Zealand. The Just-Sold group real estate agency signed up for a Coinify merchant account upon the buyer’s request, to be able to accept the blockchain payment.

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The Next Level: Smart Contracts and Real Estate Deals

In this article, we discuss how real estate transactions could be consummated with far greater efficiency and certainty using blockchain technology.

Unlike the financial services industry, which has long embraced technology as a means to generate better bottom line profits (think algorithmic trading), real estate is an industry that has remained largely unchanged for over half a century (or several centuries in certain respects).

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Could The 2009 Subprime Mortgage Crisis Have Been Avoided With Blockchain?

This post will explore the 2009 subprime mortgage crisis and the hypothetical impact a blockchain may have had with regards to the proliferation of toxic synthetic Mortgage Backed Securities (MBS) and Collateralized Debt Obligations (CDOs).  Hindsight is always 20/20 so it is not the intent of this post to say blockchain would have been the cure and stopped it from happening...

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Smart Contracts And Real Estate

Imagine a world where specific performance of contracts is no longer a cause of action because the contracts themselves automatically execute the agreement of the parties. Or where escrow agents are replaced by rule- and software-driven technology. Imagine instantaneous recording of property records, easements and deeds...

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Bitcoin Can Provide Major Advances For The Real Estate Industry

“We’ve reached the critical mass now, where we have enough real estate industry decision makers who will use Bitcoin technology in their deals, applications, and start-ups.  Unlike the banking sector, real estate doesn’t face the regulatory hurdles to use Bitcoin. The technology is now mature enough. Everything is in place for adoption.”...

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Blockchain and CRE: It's All About Speed To Transact!

Blockchain will enable every property, everywhere, to have a corresponding digital address that contains occupancy, finance, legal, building performance, and physical attributes that conveys perpetually and maintains all historical transactions. Additionally, the data will be immediately available online and correlatable across all properties...

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Blockchain: Real Estate Industry Could See Benefits in 2016

Blockchain isn’t just for banks. The real estate industry also sees promise in the technology for online distributed ledgers... “It’s ripe for change,” Mr. Appley said. He is exploring ways Shorenstein and others in the industry might take advantage of blockchain to reconcile and store data, speed up deals and make the buy-sell process more efficient...

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IBREA Is #10 On List: "Ten Companies Using The Blockchain For Non-financial Innovation"

We are used to the way computer data can always be copied, edited, censored, and deleted too, depending on your permission settings. The blockchain changes those preconceptions drastically, allowing the creation of the first digital assets... Here are ten very innovative, and likely disruptive, companies today that use the blockchain outside the banking and financial industry....

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