Hello friends!
Let’s dive into blockchain, a technology that will change the rules of the game for many industries, including real estate. In this post we will give you the basics so you can better understand how it works.
What is blockchain? Blockchain is a decentralized digital ledger that records all transactions in blocks. Each new block is connected to the previous one forming a chain (hence the name blockchain). This system ensures transparency and security because changing one block requires changing the entire chain.
The benefits of blockchain:
Transparency: all participants see the same version of the data.
Security: Each transaction is cryptographically protected and linked to previous transactions.
Decentralization: There is no central authority that controls the data. We trust that this brief overview has enhanced your comprehension of blockchain. We look forward to providing you with further insights into how this technology impacts the real estate.
