Blockchain Technology Use Cases In Real Estate Industry Training Ppt

Slide 1

This slide highlights advantages of blockchain in real estate industry such as tokenization of platforms and marketplaces, no intermediaries, liquidity independent, virtual notarization, easy loan mortgage, fractional ownership, decentralization, and lower transaction costs.

Instructor’s Notes:

The key benefits of blockchain in real estate industry are:

Tokenization of Platforms and Marketplaces:

• With the introduction of blockchain in real estate, new methods enable trading platforms and online marketplaces to support real estate transactions
• Different platforms have been developed by ATLANT in tokenizing the real property assets
• These tokens can be used as the stock sale and liquidating that asset with the use of a blockchain-based platform

No Intermediaries:

• The role of intermediaries such as brokers, lawyers, and banks in the real estate ecosystem will change with the adoption of the blockchain technology
• Due to the elimination of these intermediaries, buyers and sellers can spend more money on the property as they will save money from commissions and fee that these intermediaries charge

Liquidity Independent:

• Real estate is considered an illiquid asset because it takes time to get sold
• With the use of tokens in real estate, property can be readily traded as the seller don't have to wait for the buyer to have the money

Virtual Notarization:

• It is an official fraud prevention process that helps parties with documentation and can be completely trusted
• Use of blockchain in virtual notarization provides numerous benefits in real estates, as explained below
  • It helps secure documents and deeds ; these are stored digitally in the form of a blockchain
  • It helps stakeholders in accessing their private key
  • It helps to secure data in the blocks with a proper timestamp
  • It helps to transfer documents ownership digitally
  • It helps in the transaction verification process on the network

Easy Loan Mortgage:

• The use of the blockchain-based system in loan mortgage helps eradicate issues like security, improved transparency, lower transaction costs, etc.
•    A blockchain based system improves customer experience as below:
  • It helps in improving loan search and check credit qualification and approvals
  • It helps in faster asset appraisal, insurance and improves loan security
  • It makes exchange of documents, disclosures, and due diligence easier
  • It helps in reducing fee along the mortgage value chain
  • It also helps reduce fraud during loan funding approval, cash transactions, and completion of assets and title exchange

Fractional Ownership:

• With the help of the fractional ownership concept, it will be easy to trade in the real estate industry
• By using blockchain, the investors will have to use apps to make a trade on any property they want to buy or sell
• The fractional ownership technique would also help them avoid managing the properties themselves, such as maintenance and leasing

Decentralization:

• Trust and security in blockchain are accrued due to the decentralized nature of technology
• The information stored in the blockchain-based system will be accessible to all, and it is immutable too
• The decentralized system technique will help in peer-to-peer verification of documents and transactions, improving confidence in making transactions

Lower Transaction Costs:

• Transparency related to the decentralization network system also cuts down the costs associated with real estate transactions
• Other than transaction fee, there are some additional charges in the real estate, such as fee for registration and loan, which can also be eliminated by automating these processes and making them part of the system

Slide 2

This slide highlights the benefits of blockchain in real estate with marketplace tokenization. It explains that with the help of blockchain in real estate new methods enables trading platforms and online marketplaces to support real estate transactions. It takes the help of ATLANT in developing platforms for tokenizing the real property assets.

Slide 3

This slide illustrates the benefit of blockchain to eliminate the intermediaries from the real estate industry. It also explains that different brokers, lawyers, and banks act as intermediaries in the real estate. The use of blockchain in real estate helps to remove these intermediaries by making the entire ecosystem decentralized.

Slide 4

This slide showcases the use of blockchain in real estate industry i.e. liquidity independent. It explains that the real estate is considered as illiquid asset as it takes time to be disposed of, when on sale. By using tokens in real estate the property can be readily traded as the seller does not need to wait for buyer to have the money.

Slide 5

This slide highlights the benefit of blockchain in real estate with virtual notarization. It explains that it is an official fraud prevention process that helps parties in the transaction of documents and can be fully trusted. 

Slide 6

This slide highlights the benefit of blockchain in real estate with loan mortgage. It explains that the use of blockchain-based system in loan mortgage helps resolve issues like security, improved transparency, lower transaction costs, etc.

Slide 7

This slide illustrates the effect of blockchain on real estate with fractional ownership. The slide also explains that the fractional ownership concept makes it easier to trade in real estate industry. The use of blockchain will help investors to use apps in making trade on any property they want to buy or sell.

Slide 8

This slide highlights the benefit of blockchain in real estate with decentralization. It also explains that the decentralization process will help in Peer-to-Peer verification of documents and transactions. Trust and security in blockchain are considered as decentralized.

Slide 9

This slide highlights the benefit of blockchain in real estate of lower transaction cost. It explains that the transparency related to decentralization network helps to reduce the costs associated with real estate transactions.