Ocol, Alvin Eric
MetadataShow full item record
The real estate industry is facing significant challenges related to inefficiencies, lack of transparency, and high transaction costs. Block chain technology has the potential to address these challenges by providing a decentralized, transparent, and secure platform for real estate transactions. However, despite the potential benefits of block chain in real estate, there is limited research on how this technology can be effectively implemented. Therefore, this research project aimed to explore the potential of block chain technology in the real estate industry and identify the most promising use cases that can lead to significant improvements in efficiency, transparency, and security. The research methodology involved a comprehensive literature review of existing studies, reports, and white papers related to block chain technology in real estate. The study also included interviews with industry experts and stakeholders to understand their perspectives on use of block chain in real estate. Based on these findings, the report identifies the most promising use cases of block chain technology in real estate industry, including property title transfers and smart contracts. The report also discusses the challenges and limitations of implementing block chain in real estate and provides recommendations for overcoming these challenges. The findings of this research project have implications for various stakeholders in real estate industry, including buyers, sellers, agents, brokers, and regulators, who can benefit from increased efficiency, transparency, and security offered by block chain technology. Ultimately, this research project provides insights into the potential of block chain in real estate and highlights the need for further research and development in this area.