Tech Revolution Set to Rewrite Property Market Rules
Blockchain and Smart Contracts
Blockchain technology is making property transactions more transparent and secure. By using smart contracts, real estate transactions can be executed automatically when certain conditions are met, reducing the need for intermediaries and minimizing the risk of fraud2. This not only speeds up the process but also cuts down on costs associated with traditional methods. As a result, buyers and sellers can enjoy a more streamlined experience, potentially lowering the overall cost of transactions.