Blockchain Based Residential Smart Rent

The real estate market includes complex and inefficient mediation processes. Renting a property envolves multiple entities with different responsibilities and interests. Therefore it is imperative to establish a trustful relationship between parties through intermediaries such as notaries, banks or real estate agencies to avoid eventual disputes. Although an intermediary ensures trust, the current process still has some drawbacks concerning efficiency, costs, transparency, bureaucracy and data security. The blockchain technology aims to reduce this issues by providing transparent and secure real …

banks blockchain cs.cr current disputes entities estate market process processes property real real estate relationship renting responsibilities smart trust