How does blockchain apply to real estate and BREM

in #ico7 years ago

Blockchain in real estate transactions allows to record all the stages of the transaction by minimizing the risks of backstage commissions of dishonest realtors, excluding double sales, reservations, forgery of documents on property and so on. Just fixing ownership in the blockchain, it creates a completely transparent digital history of objects, in which it is not possible to replace owners. The history of reliability and conscientiousness of the builder is also fixed on the platform and forms a reliable and unchangeable reputation. When the state registers are transferred to blockchain, the process of rights registration is significantly simplified, there is no need to go to the registration authorities, and it saves a lot of time for all participants in the transaction.