What is the significance of blockchain in PropTech 3.0?

Blockchain delivers transparency and security in real estate by creating tamper-proof records of property ownership, transactions, and smart contracts. This reduces title fraud, streamlines due diligence, and accelerates closing times.

• Smart contracts automate lease renewals, escrow releases, and mortgage payments, reducing intermediary costs.
• Blockchain-based fractional ownership platforms allow investors to buy digital tokens representing partial stakes in properties.
• Its resilience against data manipulation fosters trust among international buyers, developers, and tenants.

Blockchain has become a cornerstone of PropTech 3.0 by enhancing transparency, efficiency, and accessibility in real estate transactions.