Industries / Real Estate
Blockchain in Real Estate
The property market is ripe for transformation. Blockchain technology being the safest, most transparent and immutable, offers a lot of benefits in simplifying processes, enhancing trust and empowering the participants across the real estate industry. Cadillacs as a leading blockchain solution provider is the pioneer in this revolution and providing innovative solutions that address the key issues in the industry.
So, how does it work in real estate?
Boosting Efficiency in Transactions
The conventional real estate transaction process can be slow and complex. On average, it takes about 49 days to close a real estate transaction in the US as per the National Association of Realtors (NAR). The use of Blockchain technology can speed up this process significantly.
Enhancing Transparency and Trust
Lack of transparency and trust in real estate transactions are common issues. A study conducted by PwC shows that 82% of the global real estate executives perceive that transparency is a barrier to deal flow.
Improved Property Management
Blockchain eases the flow of property management processes and also promotes a better communication between the landlords and tenants. The global proptech market is expected to be worth $26.6 billion by 2027 as per the report from Allied Market Research.
Empowering Fractional Ownership
Blockchain allows for the development of new ownership structures such as fractional ownership. A Deloitte report, proposing that the global market of real estate fractional ownership could grow to $1.1 trillion by 2025.
Cadillacs is developing the future of real estate by using blockchain technology. Their solutions enable all parties in the real estate sector to achieve their goals with ease, transparency and trust. By optimizing the processes, improving security and promoting innovation, Cadillacs is leading to a more secure and prosperous real estate ecosystem.
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