The Israel Land Authority has called for blockchain experts to determine the different applications of distributed ledger technology in real estate. Implementing this technology could ostensibly present several advantages compared to traditional real estate transactions, which are qualified by Israeli media as being “time-consuming” and having high operational fees.
Israel Examines Blockchain Real Estate Opportunities
Israel is mulling the application of blockchain tech in the real estate sector. According to Israeli media, the national Land Authority has called for blockchain experts to examine the various applications of blockchain in the real estate sector, and how it might benefit from such implementations.
Some of the applications that the Israeli Land Authority believes blockchain tech might expedite include registration of property and license management, selling and purchasing property using smart contracts, and the creation of a blockchain resident national property regist
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