{"id":6279,"date":"2017-11-27T17:07:30","date_gmt":"2017-11-27T11:37:30","guid":{"rendered":"http:\/\/www.allerin.com\/blog\/?p=6279"},"modified":"2017-11-25T14:48:24","modified_gmt":"2017-11-25T09:18:24","slug":"blockchain-is-building-the-world-for-us","status":"publish","type":"post","link":"https:\/\/www.allerin.com\/blog\/blockchain-is-building-the-world-for-us\/","title":{"rendered":"Blockchain is \u2018Building\u2019 the world for us"},"content":{"rendered":"<p><a href=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-5.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-6467\" src=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-5.jpg\" alt=\"\" width=\"770\" height=\"513\" srcset=\"https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-5.jpg 770w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-5-300x200.jpg 300w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-5-768x512.jpg 768w\" sizes=\"auto, (max-width: 770px) 100vw, 770px\" \/><\/a><\/p>\n<p>Because of the security advantages of blockchain, CIOs and CTOs across the globe have realized its importance. Blockchain technology has already expanded its reach into IT-driven supply-chain management and postal services. The next frontier is real estate, and we can already see its footsteps entering this arena. Let\u2019s dig deeper into how blockchain in real estate is \u2018building\u2019 the world for us.<\/p>\n<h1>Improving raw material supply<\/h1>\n<p><a href=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-4.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6455 size-full\" src=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-4.jpg\" alt=\"\" width=\"928\" height=\"346\" srcset=\"https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-4.jpg 928w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-4-300x112.jpg 300w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-4-768x286.jpg 768w\" sizes=\"auto, (max-width: 928px) 100vw, 928px\" \/><\/a>In developing and corruption-ridden economies, engineers are occasionally supplied with cheap-quality raw materials, resulting in improper and unsafe constructions. This usually happens due to a lack of transparency in supply chain management processes. With the help of blockchain technology, engineers can keep a track of the quality and the source of raw material that they require to build infrastructure and buildings.<\/p>\n<h1>Speeding up the buying process with blockchain in real estate<\/h1>\n<p><a href=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-1-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6457 size-full\" src=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-1-1.jpg\" alt=\"\" width=\"928\" height=\"352\" srcset=\"https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-1-1.jpg 928w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-1-1-300x114.jpg 300w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-1-1-768x291.jpg 768w\" sizes=\"auto, (max-width: 928px) 100vw, 928px\" \/><\/a>Relying on the web to find relevant properties is now a norm. Blockchain can help buyers searching for relevant properties ensure that the seller is authorized.<\/p>\n<p>With the help of blockchain technology, the tiresome process of loan applications can also be minimized as blockchain authenticates the applicant. This helps in reducing the stress of bank officials and help buyers acquire loans faster.<\/p>\n<h1>Making transactions fraud-proof and secure<\/h1>\n<p><a href=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6458 size-full\" src=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-2-1.jpg\" alt=\"\" width=\"928\" height=\"404\" srcset=\"https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-2-1.jpg 928w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-2-1-300x131.jpg 300w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-2-1-768x334.jpg 768w\" sizes=\"auto, (max-width: 928px) 100vw, 928px\" \/><\/a>Frauds are common in traditional ways of buying a property. Often, thieves pose as sellers and contact buyers interested in a specific property. After gaining trust from the buyers, these scamsters ask them to make a security transfer to a third party\u2019s account. Post-transfer, these sellers, and the third party disappear, defrauding the buyer of their money.<\/p>\n<h6><\/h6>\n<p>Blockchain in real estate can potentially remove these fraudulent practices. With publicly available ledgers verifying authentic sellers and discerning them from the scam artists, buyers can check if the seller is authentic or not. Only when convinces, the buyer can take a decision on whether she wants to buy that property or not.<\/p>\n<h1>Increasing transparency in government organizations<\/h1>\n<p><a href=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-3-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6459 size-full\" src=\"http:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-3-1.jpg\" alt=\"\" width=\"928\" height=\"378\" srcset=\"https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-3-1.jpg 928w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-3-1-300x122.jpg 300w, https:\/\/www.allerin.com\/blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-3-1-768x313.jpg 768w\" sizes=\"auto, (max-width: 928px) 100vw, 928px\" \/><\/a>Identity checks are mandatory when it comes to buying a house. These checks often take more than one visit to government offices, which becomes tiresome.<\/p>\n<h6><\/h6>\n<p>Blockchain technology can help in such a situation by using its online identity system, which can include verified identities stored on public ledgers. <a href=\"https:\/\/www.allerin.com\/blog\/potential-blockchain-governance-styles\" target=\"_blank\" rel=\"noopener\">Blockchain can assist government officials to view these ledgers<\/a><u>,<\/u> saving officials time in finalizing the sale and change of titles. With such a process, the blockchain also significantly reduces the need for buyers and sellers to visit government offices several times.<\/p>\n<h6><\/h6>\n<p>Once the deal is ready to be executed, <a href=\"https:\/\/blockgeeks.com\/guides\/smart-contracts\/\" target=\"_blank\" rel=\"noopener\">blockchain-enabled smart contracts<\/a> can store details related to the agreement, which can be referred to at any time after purchase. These contracts can also be used to establish a chain of property ownership when future transfer of titles occur.<\/p>\n<h6><\/h6>\n<p>Can you think of other applications for blockchain in real estate? Let us know in the comments below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Because of the security advantages of blockchain, CIOs and CTOs across the globe have realized its importance. Blockchain technology has already expanded its reach into IT-driven supply-chain management and postal&#8230;<\/p>\n","protected":false},"author":1,"featured_media":6467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[171,3],"tags":[469],"class_list":["post-6279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-technology","tag-blockchain-in-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Blockchain is \u2018Building\u2019 the world for us | blockchain in real estate |<\/title>\n<meta name=\"description\" content=\"Blockchain has already made a huge difference in finance and banking. Now it is entering the real estate industry.This explores blockchain in real estate\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.allerin.com\/blog\/blockchain-is-building-the-world-for-us\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blockchain is \u2018Building\u2019 the world for us\" \/>\n<meta property=\"og:description\" content=\"Because of the security advantages of blockchain, CIOs and CTOs across the globe have realized its importance. Blockchain technology has already expanded\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.allerin.com\/blog\/blockchain-is-building-the-world-for-us\/\" \/>\n<meta property=\"og:site_name\" content=\"Artificial Intelligence, ROBOTICS, AUTOMATION\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/allerintech\" \/>\n<meta property=\"article:published_time\" content=\"2017-11-27T11:37:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.allerin.com\/wp-blog\/wp-content\/uploads\/2017\/11\/Blockchain-is-Building-the-world-for-us-5.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"513\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Naveen Joshi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@joshinav\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Naveen Joshi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/blockchain-is-building-the-world-for-us\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/blockchain-is-building-the-world-for-us\\\/\"},\"author\":{\"name\":\"Naveen Joshi\",\"@id\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/#\\\/schema\\\/person\\\/d01e43be365179dae3ff572b2007c64e\"},\"headline\":\"Blockchain is \u2018Building\u2019 the world for us\",\"datePublished\":\"2017-11-27T11:37:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/blockchain-is-building-the-world-for-us\\\/\"},\"wordCount\":482,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/blockchain-is-building-the-world-for-us\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/11\\\/Blockchain-is-Building-the-world-for-us-5.jpg\",\"keywords\":[\"blockchain in real estate\"],\"articleSection\":[\"Blockchain\",\"Technology\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.allerin.com\\\/blog\\\/blockchain-is-building-the-world-for-us\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/blockchain-is-building-the-world-for-us\\\/\",\"url\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/blockchain-is-building-the-world-for-us\\\/\",\"name\":\"Blockchain is \u2018Building\u2019 the world for us | blockchain in real estate |\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/blockchain-is-building-the-world-for-us\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/blockchain-is-building-the-world-for-us\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.allerin.com\\\/blog\\\/wp-content\\\/uploads\\\/2017\\\/11\\\/Blockchain-is-Building-the-world-for-us-5.jpg\",\"datePublished\":\"2017-11-27T11:37:30+00:00\",\"description\":\"Blockchain has already made a huge difference in finance and banking. 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