Continuing Education Class: Blockchain and its Impact on Real Estate
Since its inception in 2008, Blockchain has influenced many industries, including real estate. Our firm’s first Bitcoin real estate transaction was completed in 2013, and each subsequent year we have witnessed a growing demand for transactions and closings to be conducted using cryptocurrencies. We strongly believe that distributed ledger technology will become the future of real estate transactions, and we intend to stay at the forefront of it.
Because of this, we have created an innovative new class for real estate professionals: “Blockchain and Its Impact on Real Estate.” Our class is certified by the New York Department of State, and real estate professionals who attend the class will receive 3 Continuing Education (CE) credits. Topics of discussion that are addressed in our course include:
- The inception and fundamentals of distributed ledger technology
- Various types of cryptocurrencies
- The security of cryptocurrencies
- Tokenization of assets
- How blockchain technology can address various issues that are prevalent in real estate transactions
Blockchain technology will positively impact the real estate industry by making it more efficient through the use of a new type of platform and marketplace for parties and eliminating intermediaries. This new type of platform and marketplace will allow real property to be placed on a Blockchain and expand the pool of potential buyers to cryptocurrency holders around the globe.
Top real estate investor and founder of Corcoran Real Estate Group, Barbara Corcoran, stated in a recent interview with MONEY: “I’m being very optimistic because, as a long-term play, it’s perfectly suited for real estate transactions.” Why? Because “It’s peer-to-peer, with no central anything, and that’s why it’s so powerful,” Corcoran says. Such transactions, she explains, allow buyers greater privacy.
As Barbara accurately states, distributed ledger technology can be a powerful tool that allows greater privacy for buyers; however there are obstacles that prevent the technology from being a perfect solution to the issues that are prevalent in real estate transactions. In our course, we discuss both hurdles and great potential for distributed ledger technology, and how this technology is moving in the right direction to further disrupt and become a major player in the real estate market.
For information and the upcoming schedule for our Continued Education Course on Blockchain and Its Impact on Real Estate, please contact us at email@example.com.