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Tokenized real estate facilitates digital real estate ownership.
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Digital real estate ownership could effectively deal with issues of trust and transparency.
Blockchain technology could make it easier to own real estate. In the real world, owning real estate is not easy because of complex procedures including a lot of paperwork and other legal necessities.
However, the virtual world can make it easier. Owning real estate in the digital world does not require paperwork. All the data is immutable, secure, and transparent, as it is stored on blockchain.
How Tokenization of Real Estate Works
Tokenization has the potential to transform how real estate ownership works. Complex procedures have turned easy. The buyers can perform the transactions immutably.
Smart contracts are used to provide all the details related to the contract. The coded algorithm shows whether the conditions of the contract are fulfilled. For example, smart contracts can transfer in a l
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