All transactions on a blockchain are visible to all participants in the network. Each transaction is recorded in linked blocks of information and is immutable, which means that it cannot be modified or deleted.
Real estate: By tokenising properties on a blockchain, a transparent record of all property-related transactions can be maintained. This ensures that purchase and sale transactions are visible and verifiable, increasing trust between participants and reducing the possibility of fraud.
The blockchain uses advanced cryptography to ensure the security of transactions. Each transaction is recorded and validated using cryptographic algorithms, ensuring integrity and authenticity.
Real estate: When tokenising properties, digital signatures and cryptographic keys are used to guarantee the security of transactions. This reduces the risk of fraud and ensures that only authorised owners can transfer or sell their property tokens.
Once a transaction is recorded on the blockchain, it cannot be modified or deleted. This ensures that the transaction history is permanent and auditable.
Real estate: Tokenising properties on a blockchain ensures that the transaction history of a property is permanently available. This facilitates the verification of property and property history, which simplifies the process of buying and selling properties.
In short, tokenisation of real estate using blockchain technology brings benefits to the industry by enabling global investment, increasing transparency in transactions, providing security in transactions and ensuring immutability of property history.