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Blockchain in PropTech refers to the use of blockchain technology to enhance security, transparency, and efficiency in real estate transactions. It enables decentralized, tamper-proof ledgers for recording property transactions, title registrations, and smart contracts. Blockchain reduces fraud risk and eliminates intermediaries, streamlining processes. In PropTech, blockchain is revolutionizing technology in real estate by facilitating secure and transparent transactions. In India, the adoption of blockchain is growing, marking a significant advancement in the digital transformation of the real estate sector.
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