By Matthew Murphy January 12, 2018
In December 2017, the value of Bitcoin neared the $20,000 mark, setting off the latest craze of speculation, excitement and skepticism over the future of cryptocurrency. Bitcoin has had a short yet storied history, but while most of the headlines focus on bitcoin as an asset, many of the most impactful applications actually center around the underlying technology — the blockchain. Blockchain technology is transforming industries, including real estate, to make them more modern and efficient.
Blockchain technology is having an impact on the way we do business in real estate in these three key ways:
1. MLS Property Data
At its core, blockchain is the ability to share databases and processes. This opens up promising opportunities to make real estate data, which is principal to the process of buying and selling homes, more centralized and accessible.