Blockchain Holds Potential For Commercial Real Estate
Law360 (Jan. 4, 2021, 6:32 p.m. EST) – Blockchain technology is a digitized, distributed ledger that invariably records and shares information using software protocols and advanced cryptology.
The development of blockchain-based smart contracts – self-executing software algorithms that are built into a blockchain and that execute trigger actions based on predefined parameters – has enabled the parties to automate the process of executing trade transactions between counterparties in a more direct, trustworthy and efficient manner.
Tokenization is the process of representing a stake in an asset with a blockchain-based digital token.
Each of these security tokens represents direct ownership of an asset, e.g. B. a …
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