Part 1 – Blockchain-based smart contracts and transactions automation

The traditional real estate industry is being reshaped by the emergence of blockchain technologies, artificial intelligence, and the Internet of Things. These technologies help real estate “incumbents” execute transactions more efficiently and consistently. But this is only a small part of their impact. The more disruptive change created by PropTech technologies is the evolution of new business models that transform operations and create new revenue streams. Terms like the shared economy, smart buildings, smart cities, tokenization of real estate assets, and virtual reality are signposts of this vast change.

As these technologies continue to grow and become more widely applied, and as the regulatory framework continues to develop, PropTech will automate to its full potential.

In the first installment in this new series, we look at the implications of blockchain-based smart contracts and transactions automation for the real estate sector.

Read the full article originally published on dlapiper.com.