SIGN IN YOUR ACCOUNT TO HAVE ACCESS TO DIFFERENT FEATURES

FORGOT YOUR PASSWORD?

FORGOT YOUR DETAILS?

AAH, WAIT, I REMEMBER NOW!
Need Help? Email [email protected]
  • LOGIN

E-SPIN Group

CONTACT US / GET A QUOTE
  • No products in cart.
  • HOME
  • PROFILE
    • Corporate Profile
    • About us
    • Customer Overview
    • Case Studies
    • Investor Relations
    • Procurement
  • GLOBAL THEMES
    • Artificial Intelligence (AI)
    • Big Data
    • Blockchain
    • Cloud Computing
    • Cognitive Computing
    • Cyber Security
    • DevSecOps
    • Digital Transformation (DT)
    • Modern Workplace
    • Internet of Things (IoT)
    • Quantum Computing
    • More theme and feature topics
  • SOLUTIONS
    • Application Lifecycle Management (ALM), DevSecOps/VSM, Application Security
      • Application Security
      • DevSecOps
      • Digital Forensics
      • Secure Development
    • Cybersecurity, Governance Risk Compliance (GRC) and Resiliency
      • Governance, Risk Management and Compliance (GRC)
      • Malware Analysis and Reverse Engineering
      • Security Information & Event Management (SIEM)
      • Security Configuration Management (SCM)
      • Threat, Risk and Vulnerability Management
      • Penetration Testing and Ethical Hacking
    • Modern Infrastructure, NetOps
      • Network Performance Monitoring and Diagnostics (NPMD)
      • IT Operations Management (ITOM)
      • Network Operation (NetOps)
      • Network Management System (NMS)
    • Modern Workspace & Future of Work
      • Digital Workspace
      • End User Computing (EUC)
      • Securing Hybrid Workforce
      • Unified Endpoint Management (UEM)
      • User Activity Monitoring (UAM)
  • INDUSTRIES
    • Aerospace & Defense
    • Automotive
    • Banking & Financial Markets
    • Chemical & Petroleum
    • Commercial and Professional Services
    • Construction & Real Estate
    • Consumer Products
    • Education
    • Electronics
    • Energy & Utilities
    • Food & Beverage
    • Information Technology
    • Insurance
    • Healthcare
    • Goverment
    • Telecommunications
    • Transportation
    • Travel
    • Manufacturing
    • Media & Entertainment
    • Mining & Natural Resources
    • Life Sciences
    • Retail
  • PRODUCTS
    • Hidden Menu
      • Brand Overview
      • Services Overview
      • E-SPIN Product Line Card
      • E-SPIN Ecosystem World Solution Portfolio Overview
      • GitLab (DevOps, DevSecOps, VSM)
      • Hex-Rays (IDA Pro, Hex-Rays Decompiler)
      • Immunity (Canvas, Silica, Innuendo)
      • Parasoft (automated software testing, AppSec)
      • Tenable (Enterprise Vulnerability Management)
      • Veracode (Application Security Testing)
    • Cybersecurity, App Lifecycle, AppSec Management
      • Cerbero Labs (Cerbero Suite)
      • Core Security (Core Impact, Cobalt Strike)
      • HCL (AppScan, BigFix)
      • Invicti (Acunetix, Netsparker)
      • ImmuniWeb
      • UBsecure (Vex)
      • Portswigger (Burp Suite Pro, Burp Suite Enterprise)
      • Titania (Nipper Studio)
      • TSFactory (User Activity Monitoring)
    • Infrastructure, Network, Wireless, Cloud Management
      • Metageek (Wi-Spy, Chanalyzer, Eye P.A.)
      • Progress (WhatsUp Gold, WS_FTP, MOVEit MFT)
      • Paessler
      • Solarwinds (IT Management)
      • TamoSoft (wireless site survey)
      • Visiwave (wireless site survey, traffic analysis)
      • VMware (Virtualization, cloud mgt, Digital Workspace)
    • Platform products
      • Adobe (Digital Media Creation)
      • Micro Focus
      • Microsoft
      • Red Hat (Enterprise Linux, OpenStack, OpenShift, Ansible,JBoss)
      • SecHard
      • SUSE (Enterprise Linux, Rancher)
      • Show All The Brands and Products (Full)
  • e-STORE
    • e-STORE
    • eSTORE Guide
    • SUPPORT
  • CAREERS
    • Culture, Values and CSR
    • How We Hire
    • Job Openings
  • BLOG / NEWS
    • Blogs and News
    • Resources Library
    • Calendar of Events
  • CONTACT
  • Home
  • Industries
  • Construction and Real Estate
  • Blockchain Technology in Real Estate
Blockchain Technology in Real Estate
0
E-SPIN
Tuesday, 11 December 2018 / Published in Construction and Real Estate, Industries

Blockchain Technology in Real Estate

Blockchain technology in real estate is having an impact on the way we do business, in these three key ways:

1. MLS Property Data

At its core, blockchain is the ability to share databases and processes. This opens up promising opportunities to make real estate data, which is principal to the process of buying and selling homes, more centralized and accessible.

Every real estate transaction goes through the multiple listing services (MLS), which tracks what agents represent which clients, contracts, listing agreements, appraisals and more. However, the MLS is notoriously fragmented. The information is decentralized and restricted, making access difficult for people who are not real estate professionals. It’s often out-of-date as well, which hampers an agent’s ability to make comparisons and spot trends.

Blockchain technology can be used to overcome these barriers within the MLS. By providing a way to securely share data, the blockchain makes a shared, nationwide database possible, one that offers real-time access to property information straight from the source and enables a more holistic view. It also opens up more opportunities for collaboration among players in the real estate industry.

2. Title Records

Title records are another decentralized, challenging-to-access aspect of the real estate buying/selling process. Even in 2017, title information remains stored at the local level and is offline. With the blockchain, this is starting to change.

In 2016, Cook County, Illinois began the nation’s first to experiment with blockchain technology for transferring and tracking property titles. When someone buys a property they receive a digital token and the traditional paper deed. The accompanying documentation of the token transfer is used as proof of ownership. Eventually, tokens could become the standard and take the place of paper deeds altogether.

3. Transactions

The third area of real estate that the blockchain will transform is the efficiency and the security of transactions. The blockchain does not require there to be trust between two parties to conduct business. Each user has a unique identity on the blockchain via cryptography, which means consumer financial information can be shared securely with other parties during transactions. One person can send funds to another person that won’t release until the transaction is formally completed.

This layer of security speeds up the transaction management process. Whether or not the buyer and seller are in the same place, property financing is sped up by the existence of a centralized financial record for each party.

Blockchain technology streamlines the real estate ecosystem by enabling people to securely and efficiently share data and money. It makes information more accessible, cuts out middlemen and reduces the risk of fraud and theft. A more secure, speedier, trusted process for buying and selling property is good for everyone involved.

Feel free to contact E-SPIN for Blockchain system and solution infrastructure availability, performance and security monitoring and testing.

Tagged under: blockchain, blockchain security, Construction and Real Estate

What you can read next

Machine learning use cases for security
Machine learning use cases for security
The need for digital human – Why is it important
Benefits of Long-term DXP Implementation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • The Accelerated Era of AI and Robotics: Adapting to the Digital Revolution

    The IT and technology sector has experienced a ...
  • The Future of Work: Embracing the Potential of Generative AI and Robotics

    The potential for generative AI to revolutioniz...
  • DevOps Platform – GitLab 15 Releases and Updates

    GitLab is evolving, where constant research are...
  • The Role of AI and Robotics in the 2023 Global Financial Crisis and Its Likely Outcome

    The 2023 Global Financial Crisis has already be...
  • Identity and Access Management (IAM) in Securing Digital Identities and Beyond

    The complexity in securing digital identities h...

Recent Comments

  • JEAN ARIANE H. EVANGELISTA on E-SPIN Wishes all Filipino Araw ng Kagitingan 2022
  • Ira Camille Arellano on E-SPIN Wishes all Filipino Araw ng Kagitingan 2022
  • NKIRU OKEKE on Top 5 Challenges in the Consumer Products Industry
  • Md Abul Quashem on Types of Online Banking or E-Banking
  • Atalay marie on What is Cybersecurity Mesh ?

Archives

  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • March 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • January 2015
  • December 2014
  • October 2014
  • September 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • February 2012
  • July 2011
  • June 2011

Categories

  • Acunetix
  • Adobe
  • Aerospace and Defence
  • AppSec Labs
  • Automotive
  • Banking and Financial Markets
  • Brand
  • Case Studies
  • Cerbero Labs
  • Chemical and petroleum
  • Codified Security
  • Commercial and Professional Services
  • Construction and Real Estate
  • Consumer products
  • Contact Us
  • Core Impact
  • Core Security
  • DBeaver
  • DefenseCode
  • DSquare Security
  • DSquare Security
  • E-Lock
  • Education
  • Electronics
  • Energy and utilities
  • Excelledia
  • FAQ
  • Food and Beverage (F&B)
  • GFI
  • GitLab
  • Global Themes and Feature Topics
  • Government
  • HCL
  • Healthcare
  • Hex-Rays
  • IBM
  • Immunity
  • ImmuniWeb
  • Industries
  • Information Technology
  • Insurance
  • Invicti
  • Ipswitch
  • Isorobot
  • JetBrains
  • Job
  • Life Science
  • LiveAction
  • Magnet forensics
  • Manufacturing
  • McAfee
  • Media and Entertainment
  • Metageek
  • Micro Focus
  • Microsoft
  • Mining and Natural Resources
  • Nessus
  • Netsparker
  • News
  • Nutanix
  • Paessler
  • Parasoft
  • PortSwigger
  • Pradeo
  • Product
  • Progress
  • Rapid7
  • RedHat
  • Retail
  • Retina
  • Riverbed
  • RSA
  • SecHard
  • Security Innovation
  • Security Roots
  • Services
  • SILICA
  • Soft Activity
  • SolarWinds
  • Solution
  • SUSE
  • Symantec
  • TamoSoft
  • Telecommunications
  • Tenable
  • Titania
  • Transportation
  • Travel
  • Trend Micro
  • Trustwave
  • TSFactory
  • UBsecure
  • Uncategorized
  • Vandyke
  • Veracode
  • Videos
  • VisiWave
  • VMware
  • Webinar Archive

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

CORPORATE

  • Profile
  • About us
  • Investor Relations
  • Procurement

SOLUTIONS & PRODUCTS

  • Industries
  • Solutions
  • Products
  • Brand Overview
  • Services
  • Case Studies

STORE & SUPPORT

  • Shop
  • Cart
  • Checkout
  • My Account
  • Support

PRODUCTS & SERVICES

  • Industries
  • Solutions
  • Products
  • Brand Overview
  • Services
  • Case Studies

FOLLOW US

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn
  • YouTube
  • WordPress Blog
© 2005 - 2022 E-SPIN Group of Companies | All rights reserved.
E-SPIN refers to the global organisation, and may refer to one or more of the member firms of E-SPIN Group of Companies, each of which is a separate legal entity.
  • Contact
  • Privacy
  • Terms of use
TOP