Real Estate Blockchain Technology – A Beginner’s Guide

What is a Blockchain, how does the Blockchain work, is it secure, and what does real estate Blockchain look like?

The Blockchain is a very exciting new technology that will have an impact on many if not all industries in the future (not just for real estate), for a variety of reasons both from a security and transparency perspective, among others.

Soon enough, real estate and the Blockchain will be working side-by-side for a smoother, secure, and faster transaction for both buyers and sellers of real estate.

There will be other technologies involved, including real estate tokenization and platforms to exchange tokens, and real estate Blockchain smart contracts.

0:00 Introduction
0:53 What is a Blockchain?
1:35 What can be found inside a Block?
2:29 What makes Blockchain super secure in the Digital World?
3:22 What is Proof of Work?
4:10 What is Peer-to-Peer Network?
5:02 Can Blockchain secure your Data?
5:31 How Blockchain Technology is Changing the Future of Real Estate
5:47 Real Estate Problems vs Blockchain Applications
5:50 Lack of Transparency vs Blockchain's Transparency
6:18 Intermediary Fees vs Blockchain's Low-Cost Fees
6:43 Lack of Liquidity vs Blockchain's Liquidity
7:37 Other Problems with Real Estate
7:40 Barriers to Entry
8:09 Fractional Ownership & Real Estate Tokenization
9:19 Efficiency using Blockchain Technology & Fraud Prevention
10:01 Closing
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Felix Chan & Jasben Lai are Calgary Realtors with the LiveInnerCity Real Estate Team in Alberta, Canada. Felix is also a Calgary Mortgage Broker and Real Estate Investor.

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