An Enhanced Real Estate Transaction Process Based on Blockchain Technology.

Abstract

We discuss the current state of the Canadian real estate market and the impact blockchain technology could have on it. We start with a review of the current popular and scholarly literary landscape relating to blockchain technology and its real estate applications. Special focus is given to the impact the technology could have on transaction costs, transaction times and fraud deterrence in this market. Preliminary recommendations are provided in the form of blockchain based bidding and transaction systems.