Decentralized architecture, verified transactions, and an immutable application- These are some attributes that come with blockchain integration with your business.

Every now and then, any business, no matter what industry it belongs to, grows. This growth is usually promoted by changing and forever-growing business environments and industry innovations. A significant part of this growth today is technology. And the biggest revolution that technology is bringing in recent times is blockchain.

It has become obligatory for businesses and organizations to be open to radical changes in order to have a sustainable strategy of doing business and stay relevant indefinitely. Blockchain is one such revolution that will bridge businesses and the future. Let’s see how the real estate industry will benefit from this novel technology.

A novel coronavirus brought the whole world at a standstill. Major organizations around the world had to adapt and have their teams work remotely at the comfort of their homes, if it was possible. The possibilities and the realization of the fact that this model is not just successful but very much efficient is going to bring about a wave in the world of the gig economy. Consumers have had the convenience and flexibility of ease of payments. Now, the workforce will also experience the availability of the services that mobile payments, billing, micro-funding, and personalized insurance with greater access than ever.

These are just a few of many value-points that this update in fintech will bring about:

• - KYC Verification


• - Supply Chain Financing And Management


• - Simplification Of Remittance Process


• - Trusted Payment Solutions


• - Records Storage And Management


• - Disrupting Digital Insurance


• - Eliminate Dark Tactics Of Stock Market


• - Credit Scoring


• - Faster Processing Speed


• - Eliminating Audit Trails


• - Banking and P2P payments


• - Trading and trade finance


• - Loans and credits


• - Regulatory compliance and audit

Apart from low overhead costs, the biggest dent that blockchain for finance will mend is trust.

Globally, banking infrastructure and systems will make the deserved capital, the innovation which is due will make the economic systems competitive, and finance based institutions and businesses will enable sharing the load of risks and add a touch of diversification that will drastically reduce the effects of volatile domestic localized markets.