Can smart contracts be used for real estate?
Smart contracts offer a reliable way to carry out real estate transactions that require trust, transparency, and anonymity among all stakeholders.
What are smart contracts example?
A smart contract is a self-executing program based on if-then logic. For example, vending machines are a ubiquitous presence in everyday life. It’s also a simple model of a smart contract: If someone inserts $2 and then presses B4, then the machine dispenses the package of cookies held in the B4 slot.
What advantages can smart contracts bring to the real estate market of real estate is successfully tokenized?
It lowers the investment barriers, simplifies the access to the asset, diversifies the investor’s portfolio, and brings other benefits along the way. Smart contracts in real estate promote fractionalization as any asset can be tokenized and then divided into portions/segments that might be traded individually.