A Blockchain Future? Cryptocurrencies Gaining Traction in Real Estate Industry

Bitcoin started out as blockchain technology with an innovative ideology for a more secure monetary future, and is now taking hold in the real estate world. Bitcoin and other cryptocurrencies, although not yet mainstream, show promise in an industry that typically prioritizes buyers who can provide secure funds for a property in a short amount of time.

Widely misunderstood, cryptocurrencies work through blockchain technology that creates a linear series of blocks of code, which are then used to create a record of each transaction and its access point. The technology uses unique access codes that can be used from nearly anywhere in order to share data in a transaction. Essentially, Bitcoin and other forms of blockchain currencies cut out a central authority, using varying individuals to authorize the payment in order to ensure an impartial and secure transaction...

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RSK: You will see Bitcoin and other similar currencies used in CRE more and more. Landlords will love it.
Ken Notes: I do not think so, but I do think traditional E transfers will continue to play a larger role. Unless of course your tenant is name Guido and carries a violin case with no apparent musical skills...