The impact of blockchain on the traditional real estate industry
Blockchain is a distributed ledger technology that provides a secure, transparent, and tamper-proof platform for recording transactions. Transactions on the blockchain are verified and stored in a decentralized network of computers, making it impossible to manipulate or alter the data without the consensus of the network. The adoption of blockchain technology in real estate has the potential to streamline processes, reduce costs, increase transparency, and eliminate the need for intermediaries in the real estate transactions.
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