Impact of Blockchain in Real Estate Ico (54 Views)
ICOs are one of the very popular fundraising mechanisms startups prefer, to raise funds for their businesses. We all are aware that the real estate industry is extensive and bringing a change in it, will take ages.
The traditional real estate market has many challenges involved with it. The major ones are the long, tedious process, illiquidity, and involvement of third parties like brokers/agents, etc. But, currently real estate business seems to be tweaking its way out and transforming into another level with the help of asset tokenization and blockchain technology.
Real estate is one of the many industries that has adopted blockchain technology into its space. Blockchain and ICOs together are already making huge rounds in the market.
It is also believed to disrupt the real estate industry by eliminating the challenges involved with it. ICOs are of huge help because they are unregulated. The tokenized properties don't have to involve any central authority and increases liquidity and quick, efficient transactions. And Blockchain on the other hand completely protects the user’s interest with a chain of blocks coded with cryptography.
It provides anonymity, immutability, user transparency and high-end security that enables an efficient, successful business. So, real estate with ICOs and blockchain will take the business into a whole new level.
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