Causes and Effects of Blockchain Technology in the Real Estate Industry

Amid the institutions that are currently facilitating the world trade such as corporations and legal systems, there is a new innovative institution that is significantly changing the way how the community can exchange value and is named “ The Blockchain Technology ”.
Blockchain Technology is a decentralized database able to store a ledger of assets and transactions across a peer to peer network. (Bettina Warburg, 2016)
Those assets and transactions are secured through cryptography. Their history gets locked over time in blocks of data that are subsequently cryptographically linked together and secured. Consequently, through this process is possible to create an immutable, unforgeable record of all the transactions across the entire network. This record is subsequently replicated on every single computer device that uses the network. Furthermore, the Blockchain Technology can be described as an open infrastructure that stores different types of assets such as the history of custodianship, ownership, and location for assets like the digital currency Bitcoin, other digital assets like a title of ownership, a certificate, a contract, real-world objects, and personally identifiable information.
The following essay will examine the causes and effects of the use of the Blockchain Technology related to a specific asset: the Real Estate Industry.
India has looked into Blockchain Technology as a possible solution to complicated land registry problems as they have many issues with the property frauds. In 2013 Mumbai reported 173 cases of property fraud. Furthermore, during the same year New Delhi has also reported 181 cases of property fraud. (Rajarshi Mitra, 2018)
To counter this issue the governments of Andhra Pradesh and Telangana have partnered up with a Swedish Startup  ChromaWay to put their Land Registry on the Blockchain Technology. One of the many interesting innovations they brought is the introduction of cryptographically secure digital fingerprints.
To give a better idea of the new technological method, follow below the description of the process in a few steps. A landowner hashes the geo-coordinates of their land along with the description. This hash is then associate to the owner’s ID and the result is hashed again and added to the blockchain. Since hashes are always a unique value, every plot of landowner will have a unique ID when linked together. Furthermore, because of the immutability of the blockchain, no one can tamper with the records. Consequently, this creates a system of verifiably owned land that can easily be transferred, bought and sold in a cryptographically secure manner.
Real Estate is an incredibly complicated Industry. Either the selling or buying transactions come from a land or a home, it is an ordinarily time-consuming, complex, and risky operation. Above all else, it can also be considerably expensive. Home Inspectors, Real Estate Agents, Banks, Local Governments: all of those figures need to get involved in the process to check and approve the transaction before it can get done. And obviously, all of them take a commission to conduct the transaction. (Blockgeeks, 2018)
To outline how Blockchain Technology can make a difference in the process of buying and selling Real Estate, it is important to start analyzing the process from the origin.
When buying Real Estate, the rules can be daunting. They vary wildly depending on which city, state or country the client is looking to buy, what type of property he is trying to buy and how he is going to buy it. All of these complexities and regulations require multiple intermediaries and consequently, the client has to pay a large part at every single turn because it is just too complicated for him to navigate alone. That is the point where the Blockchain Technology can make a difference.
By codifying local, provincial and national housing rules and regulations on the blockchain, smart contracts could be used to drastically simplify the process. A prospective seller would simply send a location, desired price, and some other ownership information to the contract. Then, extracting from the database of rules and regulations around the sale of real estate in the seller’s location, the smart contract could generate contracts, deeds, tax records, and anything required to make a sale of the house instantly. A prospective buyer could then meet with the seller, agree on pricing in terms and then send their digital signature to the contract, verifying their purchase and updating all the documents as required. The process would possibly require some back-end work having provable and verifiable identities on the blockchain to ensure that the transactors are who they say they are and there can be no disputes with regards to signing. Similarly, the land would need to be securely and clearly registered on the blockchain to ensure easy transfer of ownership.
Identity, ownership, and verification are three fundamental elements required to establish trust. Blockchain Technology permits users to prove their identities through the use of digital signatures. In fact, each user has a set of two digital codes, capable to prove identity and to authorize a transaction. Furthermore, Blockchain Technology protects the ownership of digital assets through the “cryptographic hashing” technology. A cryptographic hash is a piece of data that has been transformed into a shorter piece of data through a math function. (Doug Galen, 2019)

Don't use plagiarized sources. Get Your Custom Essay on
Causes and Effects of Blockchain Technology in the Real Estate Industry
Just from $13/Page
Order Essay

Find Out How Can Help You!
Our academic experts are ready and waiting to assist with any writing project you may have. From simple essay plans, through to full dissertations, you can guarantee we have a service perfectly matched to your needs.
View our services

In the Blockchain Technology, each block contains a hashed representation of the data in the previous block. If any previous piece of data is changed, that change will reflect throughout the chain and the system will be able to identify and consequently reject fraudulent attempts to manipulate the data. In conclusion, Blockchain Technology can solve the verification problem by allowing users to publicly verify that a transaction is true, without the need of a trusted intermediary.
Institutions like Banks, Lawyers, and Brokers have been long part of the Real Estate Industry. However, Blockchain Technology is making a relevant impact in their roles and participation in Real Estate transactions. There are now new platforms capable to cover functions such as payments and legal documentation. As a result of the introduction of those new platforms and marketplace, buyers and sellers are, therefore, able to save their money from commissions and fees charged by the regular intermediaries. Furthermore, this innovation can make the process quicker as the back-and-forth between these intermediaries gets cut out.
An example of innovative trading platforms able to support Real Estate transactions more comprehensively than regular Real Estate Industry has been introduced by ATLANT.
ATLANT has developed a platform that uses Blockchain Technology to simplify transactions related to Real Estate and Rental Property and give wider accessibility to anyone who is keen to take a position in the Real Estate. By tokenizing Real Property, ATLANT consent to trade the assets similarly to stocks and permit to complete the transactions entirely online. In fact, it allows the sellers to tokenize assets, handling them like stocks sell, and liquidating with tokens sale through the platform. The tokens that have been collected can then be exchanged for fiat currency, with the buyers that own a percentage stake of the property. (Joe Liebkind, 2019)
The aim of the research was to determine the causes and the related effects of applying Blockchain technology into the Real Estate Industry. After analyzing two specific causes and effects of the Blockchain Technology in the Real Estate Industry, the conclusion that has been derived is that a decentralized exchange technology through a distributed ledger can build greater trust in the Real Estate Industry. In fact, since information can be verifiable across a peer to peer network making data transparent and immutable, fraud attempts can be lessened. Furthermore, buyers and sellers can have more confidence in conducting transactions and diminish the intermediary high-cost of transactions.

Bettina Warburg, (2016). How the blockchain will radically transform the economy. Retrieved from
Blockgeeks, (2018). Real World Blockchain Applications – Real Estate. Retrieved from
Doug Galen, (2019). Blockchain for Social Impact: Moving Beyond the Hype. Retrieved from
Joe Liebkind, (2019). How Blockchain Technology is Changing Real Estate. Retrieved from
Rajarshi Mitra, (2018) . Why The Blockchain Technology Is Going To Stop Property Fraud. Retrieved from
Uzair, M. M., Karim, E., Sultan, P., & Ahmed, S. S. (2018). The Impact of Blockchain Technology on the Real Estate Sector Using Smart Contracts. Retrieved from


What Will You Get?

We provide professional writing services to help you score straight A’s by submitting custom written assignments that mirror your guidelines.

Premium Quality

Get result-oriented writing and never worry about grades anymore. We follow the highest quality standards to make sure that you get perfect assignments.

Experienced Writers

Our writers have experience in dealing with papers of every educational level. You can surely rely on the expertise of our qualified professionals.

On-Time Delivery

Your deadline is our threshold for success and we take it very seriously. We make sure you receive your papers before your predefined time.

24/7 Customer Support

Someone from our customer support team is always here to respond to your questions. So, hit us up if you have got any ambiguity or concern.

Complete Confidentiality

Sit back and relax while we help you out with writing your papers. We have an ultimate policy for keeping your personal and order-related details a secret.

Authentic Sources

We assure you that your document will be thoroughly checked for plagiarism and grammatical errors as we use highly authentic and licit sources.

Moneyback Guarantee

Still reluctant about placing an order? Our 100% Moneyback Guarantee backs you up on rare occasions where you aren’t satisfied with the writing.

Order Tracking

You don’t have to wait for an update for hours; you can track the progress of your order any time you want. We share the status after each step.


Areas of Expertise

Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.

Areas of Expertise

Although you can leverage our expertise for any writing task, we have a knack for creating flawless papers for the following document types.


Trusted Partner of 9650+ Students for Writing

From brainstorming your paper's outline to perfecting its grammar, we perform every step carefully to make your paper worthy of A grade.

Preferred Writer

Hire your preferred writer anytime. Simply specify if you want your preferred expert to write your paper and we’ll make that happen.

Grammar Check Report

Get an elaborate and authentic grammar check report with your work to have the grammar goodness sealed in your document.

One Page Summary

You can purchase this feature if you want our writers to sum up your paper in the form of a concise and well-articulated summary.

Plagiarism Report

You don’t have to worry about plagiarism anymore. Get a plagiarism report to certify the uniqueness of your work.

Free Features $66FREE

  • Most Qualified Writer $10FREE
  • Plagiarism Scan Report $10FREE
  • Unlimited Revisions $08FREE
  • Paper Formatting $05FREE
  • Cover Page $05FREE
  • Referencing & Bibliography $10FREE
  • Dedicated User Area $08FREE
  • 24/7 Order Tracking $05FREE
  • Periodic Email Alerts $05FREE

Our Services

Join us for the best experience while seeking writing assistance in your college life. A good grade is all you need to boost up your academic excellence and we are all about it.

  • On-time Delivery
  • 24/7 Order Tracking
  • Access to Authentic Sources
Academic Writing

We create perfect papers according to the guidelines.

Professional Editing

We seamlessly edit out errors from your papers.

Thorough Proofreading

We thoroughly read your final draft to identify errors.


Delegate Your Challenging Writing Tasks to Experienced Professionals

Work with ultimate peace of mind because we ensure that your academic work is our responsibility and your grades are a top concern for us!

Check Out Our Sample Work

Dedication. Quality. Commitment. Punctuality

All samples
Essay (any type)
Essay (any type)
The Value of a Nursing Degree
Undergrad. (yrs 3-4)
View this sample

It May Not Be Much, but It’s Honest Work!

Here is what we have achieved so far. These numbers are evidence that we go the extra mile to make your college journey successful.


Happy Clients


Words Written This Week


Ongoing Orders


Customer Satisfaction Rate

Process as Fine as Brewed Coffee

We have the most intuitive and minimalistic process so that you can easily place an order. Just follow a few steps to unlock success.

See How We Helped 9000+ Students Achieve Success


We Analyze Your Problem and Offer Customized Writing

We understand your guidelines first before delivering any writing service. You can discuss your writing needs and we will have them evaluated by our dedicated team.

  • Clear elicitation of your requirements.
  • Customized writing as per your needs.

We Mirror Your Guidelines to Deliver Quality Services

We write your papers in a standardized way. We complete your work in such a way that it turns out to be a perfect description of your guidelines.

  • Proactive analysis of your writing.
  • Active communication to understand requirements.

We Handle Your Writing Tasks to Ensure Excellent Grades

We promise you excellent grades and academic excellence that you always longed for. Our writers stay in touch with you via email.

  • Thorough research and analysis for every order.
  • Deliverance of reliable writing service to improve your grades.
Place an Order Start Chat Now

Order your essay today and save 30% with the discount code Happy