Article: Legal obstacles to mass blockchain adoption in the real estate industry

Article: Legal obstacles to mass blockchain adoption in the real estate industry

Thursday, 22 April, 2021

 

Although blockchain’s potential is enormous, there are numerous obstacles to its mass adoption in the real estate industry. The most notable limitations regarding blockchain’s use are related to identity verification of the involved parties, control of the contract’s legality, co-ownership and property rights, and reversibility of transactions. Can new technologies revolutionize real estate if all legal obstacles are properly addressed? 

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