PROPTECH
What will the impact and benefits be of smart contracting ?
Smart contracts are the kind of technology that can prove truly revolutionary in a number of ways and could be applied to all kinds of transactions . Using smart contracts , transactions are only triggered when all conditions are met , so they are inherently secure . And as they are stored on the blockchain for everyone to see , communication becomes truly transparent –– fraudulent real estate developers are going to have a hard time getting around smart contracts , that ’ s for sure !
Is selling shares using crypto currency the only current method of using blockchain when purchasing real estate shares at the moment ?
Selling real estate on the blockchain is not limited to cryptocurrencies . For example , a common method is virtual shares , where people can take entire single properties and divide them into smaller shares to be sold via the blockchain . However , Qlindo ' s approach works by securing $ Qlindo token holders the highest ROI and aiming to build the most profitable green real estate portfolio .
How will property titles be managed on blockchain ?
Depending on the country and the kind of operating property laws , blockchain-based virtual shares can include property titles through the use of smart contracts . However , many countries still lack institutional regulations of this kind , which is why the majority of blockchain real estate projects see the property tokenized instead and only in rare cases accredit the investor with true property rights . We are confident that this will change in the coming years , as the technology evolves and the laws change with it .