In a recent survey conducted by BrickVest, a European real estate investment platform, a promising 56 percent of participants expected to see the industry adopting blockchain technology for real estate transactions. The potential cost reductions and efficiency gains blockchain technology could have in the real estate market may revolutionize the time taken and the manner in which real estate transactions are typically conducted.
Despite this, only 31 percent believe this to become the norm, as trustees and notaries are so commonplace when exchanging real estate. Adding on top of this, only 44 percent claim to be familiar with blockchain, and only 2 percent are “very familiar” with the concept.
As stated above, one of the biggest implications for blockchain use in this sector will be the ability to massively speed up the buying or selling process of