Legal aspects of tokenizing real estate
Although smart contracts are not like legal contracts, they can be used to replace them and facilitate instant, simultaneous or pre-agreed transfers of value. In this post, I share my thoughts on regulatory constraints and why it is important to choose the right methodology when it comes to real estate tokenization. — What is a smart contract? A smart contract is a self-executing contract with the terms of the agreement, often times between buyer and seller, being directly written into lines of code. The code and the agreements contained therein are stored and replicated on a blockchain network.