A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers.
Blockchain technology has made it possible for people to process big financial transactions, such as real estate sales, without going through intermediaries like banks. If fully utilized, blockchain technology can bring security, efficiency, and transparency to real estate transactions. Blockchain explained.
Fintech or Financial technology, is washing over Wall Street. Companies are inventing technological ways to do financial transactions, loans and banking processes that are radically changing the financial services and real estate industries. Investing in fintech real estate companies is semi-speculative for investors.
Proptech, short for property technology, is digital transformation of the real estate sector. This collective term describes a wave of technical innovations in the real estate sector focused on optimizing the way people research, rent, buy, sell, and manage a property. Proptech provides digital transformation and innovation in almost every facet of the real estate market today. … That’s because almost all real estate sectors are now using a form of IoT, virtual reality, drones, and more for tenants and buyers
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