Due to inherent inefficiencies in today’s transactional real estate, transaction costs can reach 10% or more of the total transaction value and the time required to complete the process can be very long, even excluding the time required to agree on a transfer price. And due to the large sums of money involved, the potential financial downside associated with a flawed process, including post-closing property registration and mortgage documentation, is huge.
Sandy Selman from @cryptopropety has some interesting points on how the lack of trust in data "adds billions to the cost of doing business and the addition of a blockchain layer is a potentially huge advancement in the real estate industry" #PropTech https://t.co/0kgxfwIZWB
How is blockchain disrupting the real-estate industry now, and what will these transactions look like in the future? Hear from experts from
@SymmetryAdvisor, @cryptoproperty, @safechain_io and more at #SolutionsCLE19 in Dec.
Last week co-founder Sandy Selman had the opportunity to attend @BlockWorksGroup's DAS Markets conference. He connected with regulators, exchanges, banks and technology suppliers to ensure CPROP is current on the latest developments in this fast-evolving space.
Good job Sandy!