What is Blockchain ?
Blockchain, Blockchain, Blockchain. We hear it, but what does it mean. Simplist version, it's blocks of information that create a chain. It's a final record that can not be changed. It's intended to keep everyone honest and it's not perfect, but human error is higher and suseptible to emotion. It's a different way of organizing large databases of information.
In relationship to #CRE it's a transactional solution that is decentralized or negates third parties. Could it elimate CRE Brokers? Well, buyers and sellers need to be introduced, so not initally. One of the most exciting aspects of blockchain and #CRE is the expanded ability for buyers to participate at a non-corporate level of finance. There is more to come. #CRE using blockchain and smart contracts is in it's infancy.
Thats the simple explaination, for an extended definition
click here .
Blockchain currently being used in real estate, check out this article from
Buildi n
805.237.9555 call/text
