Why the immovable property needs blockchain?

Availcom Official
Sep 5, 2018 · 2 min read

The realty state comes in touch with every person in all over the world. Each of us needs to live and work somewhere! Unfortunately, this industry is regarded as one of the dullest and riskiest for business dealing. The process of purchasing and renting the immovable property itself is quite difficult, and there are also lots of traps disposed meticulously by snippers.
The contracts are faked, the scammy schemes are confirmed by moderators, the pen pushers lose statistics and documents. The necessity to gather lots of orders and dockets is also an impassable barrier on the way of disposal or purchasing of either a flat or a house. Some people are afraid of this world so much they don’t dare to change housing conditions for years.
Blockchain has the opportunity to transform this industry to the better. It fixates all the changes for ever, it is transparent, the records are impossible to lose or to falcificate. All sides involved to the deal have equal opportunities to control the information.
Blockchain can make digital certificates connected with the specific property object imaged into integrated system. Nobody can sell, bond or rent a house or an office on forged deeds. Neither the cheaters can go between counterparts and steal their money. When the real state industry becomes transparent, it will be not so interesting for swindlers to deal with it. All their actions will be in the public eye.

It is usual to glorify blockchain and critisize cryptocurrency in articles about cryptoworld. They say digital cash as blockchain residential app are dummy, in embryo state. However, specialists from real estate market don’t think so. Using the digital coins for transactions in this field also seems them perspective.
Cryptocurrencies make away with mediators commonly referred to as “third party”, but the only third party in the private transaction in the form of transfer between physical persons is the bank. That can’t be said about the property industry. The number of parties and companies thriving on deals in this area is enormous: brokers, insurance companies, banks, offices that mark transfers and give certificates of them.
In blockchain all these numerous mediators can be disposed. Herewith full information will be stated clearly, accessibly for both sides’ examination.
In future the transactions paid for by digital cash will become more and more popular. As soon as clients and marketers understand they don’t risk and just get rid of excess payment, they will easily cross over to such settlement type. Meanwile it happens, cryptomoney will become more firm in price, because this field will mature and do away with speculators who charge all the developing branches.

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