The block is changing the real estate industry chain

Security encryption technology of the penetration model (blockchain) in all industries, the traditional commercial real estate in the world in the creation of these changes on the market.

The most simple way, blockchain is a hierarchical database. Through the synthesis and storage of the general ledger transaction security and consistent authorization mechanism, once the data is received on the network there is no way to change it. This value is a system of inspection and monitoring capabilities, real-time transaction, does not need the other third units, such as a bank. This technology has the potential to change the real estate industry, accelerate the execution speed of transactions increased significantly and visibility.

Bs fair smarter, more transparent

One of the biggest block chains of the commercial real estate is to create a program to management and transparency of transactions. The contract for the sale of automatic processing and calculation is executed at any given time.

Blockchain has the ability to create, verify and audit the contract when the need for global and no interference from any intermediary units. According to Perry Ashley, JLL blockchain management, when the transaction can be done through the clearing work to comply by default, help to reach a deal for the calculation of the parties full transparency and reduce the risk of this model. You can also speed up the transaction information, the verification process before the parties, program verification based information faster.

In the real estate industry and logistics industry, transparent blockchain benefits to investors and tenants. According to Hilburn Aaron, head of JLL technology industry, the company will help e-commerce and retail capabilities significantly improve the source of traffic products, reduce inventory and increase profits.

The technology allows the development of blockchain based transactions primary and two levels of the real estate market, reduce the transaction limit, by creating more liquidity and easy access to the customer network. The two class market will redefine the network registered customers with a simple Web interface, make the work more effective mobilization of funds and cost savings.

An attractive blockchain technology is to make use of the information in this model can help to reduce the land, including those cumbersome procedures in the test, to ensure complete visibility. Once the use of this technology will help rationalize the industrial complex and traditional commercial real estate.