Blockchain and the Future of Commercial Real Estate Transactions
The COVID-19 pandemic is creating havoc on all business sectors, including the commercial real estate industry. Among many challenges are determining safe and secure mechanisms for documenting business transactions and coordination and transmittal of the information needed to consummate them. This is an appropriate time to revisit the benefits of blockchain, a transparent and secure method of document and information delivery, which has the added benefit of reducing personal interaction between the participants to the transaction.
Blockchain, once known primarily as the distributed ledger technology that powered bitcoin into the public conscious, is increasingly seen as a tool to facilitate efficient execution of business transactions and projects.
Click here to read the full CREW Network Industry Brief written by Michele Cohen.
