08/30/2022
In the past, the only way to buy and sell property was through a centralized institution. Now, people are using blockchain to facilitate real estate transactions. Why?
Because the current process is bulky and slow, with a larger number of middlemen and prone to wire fraud, expensive conversion fees for foreign investors, and manual subprocesses.
The future of real estate transactions is more secure, faster, automated, and recorded immutably on the blockchain for title purposes.
This trillion-dollar industry is largely untapped and ripe for change. It's also one of the most regulated industries, with a lot of red tape. Godeedly, a DeFi startup aims at solving the issues surrounding real estate transactions to help US homeowners and international investors buy and sell properties through a smart escrow system.
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