Forbes magazine supports the blockchain model of Urbit Data
The blockchain model that Urbit Data use is supported by the experts in the real estate market, because its technology offers many advantages such the immutability of data, the speed up real estate transactions and the safety offered by the transparency of the process, protecting sellers and buyers.
The Urbit Data blockchain proposal is based on real properties. Each property will be represented by a unique identifier and on this “address” a series of documents will be associated, data and smart contracts that represent the transactions on the property. The blocks of the network will be formed by the transactions made from the moment the property enters the network and is validated until it ceases to exist.
In Forbesmagazine you can find an excellent review about the blockchain model used by Urbit Data. The combination of a platform like Urbit Data and the blockchain technology is simply amazing, working together in order to give an excellent option to people who want to make a transaction related to real estate.
Therefore, Forbesmagazine brings the opinion of its experts, about this new technology and encourages people to try a new way of purchasing a property. The specialist state that the integration of blockchain occurs virtually in every industry as well as new technology that offers the ability to see real-time cryptocurrency transactions in a digital ledger that is managed by the network.
Seven members of Forbes Real Estate Council share their opinion about what they think are the biggest roadblocks to bringing blockchain to the real estate industry and what the professionals in the industry can do to help push it forward.
One of them is Larry Solomon; he talks about the issues with escrow services and the title registration, two natural areas where blockchain can add value. He believes that, in both areas, some combination of advocacy groups along with government intervention could make progress.
Michael Srokastates that is not only to try a tech because it is the coolest, but because it is the best software; he thinks that blockchain will be one of many things in the real estate tool belt that will make a huge difference.
More reasons to use blockchain technology? Well, Mark Bloomis devotee that people need to be educated about certain topics such as the criptocurrency to understand a technology like blockchain and how it can help the real estate industry. Another real estate council, Chris Ryanpredicts that this style of investing is going to be the biggest game changer the real estate markethas ever seen.
Colin Bogartalks about some issues that can be avoided by using blockchain: vested interests, equally affecting brokerages and multiple listing services. While Kevin Hawkinstalks about the typically largest, legally complex and potentially riskiest transaction that needs intermediaries who make a negotiation that is, at some point, unreliable. This is definitely something than can be left behind using Urbit Data.
Finally, Engelo Rumorasupports the idea to leave behind the traditional and outdated way that the conventional real estate has, and he encourages leaders on the real estate field to open their minds to technology.
It is not a coincidence that Urbit Data founders have chosen to work with the blockchain technology; a platform that gather the principal needs of its participants. Experts in the real estate world support it and see it as a big success for this market.
In addition, Urbit Data has started his launch having a beta version in live, in operation for the Spanish real estate market and the results have been extremely positive; but the main objective is to capitalize the project through an ICO in order to take it to a world scale.
The idea is to convert Urbit Data in a global solution applicable to people in any part of the world that can engage in the global real estate business, and thus take advantage of the accessibility, reliability and transparency that blockchain technology allows. Blockchain provides free, abundant, transparent and safe data.
Using Urbit Data is knowing that you will trust a technology as it is blockchain, which breaks with the typical real estate transactions.
Stay tuned, you’ll hear more about Urbit Data sooner than later. Social media and can be found below.
Telegram Group: https://t.me/urbit
Linkedin: https://www.linkedin.com/company/urbitdata
Facebook: https://facebook.com/urbitdata
Instagram: https://www.instagram.com/urbitdata
Twitter: https://twitter.com/urbitdata
Reddit: https://www.reddit.com/r/UrbitData/
Bitcointalk: https://bitcointalk.org/index.php?topic=3353363.0
Youtube:https://www.youtube.com/channel/UCJRSNm_SN1v-yzmjdmdBUPg?view_as=subscriber
GitHub: https://github.com/urbitdata
