BLOCKCHAIN
Do I need cryptocurrency to sell real estate on the block chain ?
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 .
What will the impact & 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 . Ultimately , fraudulent real estate developers are going to have a hard time getting around smart contracts , that ’ s for sure !
“ When talking about fractional ownership , blockchain significantly lowers the barrier for entry and allows people to get on the property ladder by pooling funds together and trading tokens in real time .”
Can blockchain eradicate money laundering through real estate ?
We hope so ! Blockchain technology counts – among its many advantages – the fact that it can bring security and transparency to real estate transactions . Any and all transactions are automatically and instantly saved on the blockchain ,
168 OCT 2022 SA Real Estate Investor Magazine