Blockchain Technology is Coming: Is the World of Real Estate Ready?


Blockchain Technology is Coming: Is the World of Real Estate Ready?


As cryptocurrency speculators have ridden the Bitcoin wave up (and down) over the past year, a different group of global professionals has come to realize the potential benefits of this technology: real estate investors, developers, operators, and service providers. Their shared cautious optimism has very little to do with the rise or fall of cryptocurrency prices, but instead comes from the promise of the underlying technology that fuels Bitcoin and its offspring: the Blockchain.

A Blockchain is a type of distributed ledger. This means that every participant has his or her own copy of the ledger and there is no central record of account. Once recorded, ledger transactions cannot be altered and every copy of the ledger is identical across the network. The network and all constituent parts act as a database that records transactions – generating an immutable audit trail for transactional activity. The network can be either completely open or open only to trusted counter parties...    ...more

RSK: Do not confuse Block Chain Technology with Bitcoin!!

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- - Volume: 6 - WEEK: 21 Date: 5/22/2018 7:12:13 AM -