Big Roadblocks Ahead in the Adoption of Blockchain Technologies for Real Estate

Blcokchain technology and crypto-currencies are getting a lot of attention these days.  The headlines typically focus on the price of Bitcoin, but there is a lot more going on behind the headlines.  I’m not going to explain the technical details but the most interesting applications for real estate deal with smart contracts, publicly verifiable ownership records, faster transactions, and reduced back office expenses.  If realized, some of these concepts could disrupt the traditional real estate transaction and result in new ways of transferring ownership in real property.  The Real Estate Council at Forbes provided their view of the issues facing blockchain’s use in the real estate industry.  In summary, they see a number of stigma related reputational issues, government and regulatory hurdles, and entrenched incumbent intermediaries as likely roadblocks to the adoption of blockchain technologies in real estate.  It will be interesting and important to watch this area as the Blockchain technology matures and more applications for real estate are developed.

Want to connect?  Contact Us

 

Please reload

  • LinkedIn - Black Circle

© 2017 by Hardscrabble Investments LLC.

Disclaimer: The content and information presented in this website are not intended as tax or legal advice. All opinions expressed and materials presented in this website should not be considered a solicitation or sale of securities. Please consult with your legal and tax professionals for questions and information regarding your personal financial situation.  Hardscrabble Investments LLC and their partners and representatives are not licensed financial advisors.

Send Us a Message
  • White LinkedIn Icon

945 West 31st Street

Chicago, IL 60608