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Due to the volume of real estate transactions being so high on a daily basis, a centralized database of leases and purchases is now more important than ever. Something which blockchain can provide. Upgrading the traditional Multiple Listing Service (MLS) database to a blockchain-based ledger system would result in a far more transparent ledger system, allowing brokers and agents to see a property’s entire transaction history.
Blockchain is being adopted by the rapidly growing property-sharing sector in addition to assisting the traditional real estate industry.
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