Smoother, faster, simpler: Blockchain’s promise for the real-estate industry 

Editor’s note: This article is part of our JLL proptech series, produced in cooperation with JLL, a leading professional services firm that specializes in real estate and investment management. We believe in transparency in our publishing and monetization model. Read more here.

Closing a real-estate transaction can get messy. Buyers, sellers, brokers, legal representatives, mortgage providers, and of course, the government, all require forms and papers that must be stamped, scanned, faxed or dispatched via postal or delivery services.

Blockchain and real-estate transactions appear to be a perfect match since such deals need secure and immutable ownership records and trust is key. Blockchain technology potentially allows any two parties to transact directly with each other without the need for a trusted third parties such as intermediaries like real-estate agents. Although it seems unlikely that intermediaries would completely disappear.

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