There are other benefits as well, according to Roger Smith of Forbes Councils, and some of these need to be thought through by some real estate firms. Early adopters of blockchain could well gain a competitive advantage.
There are three ways, according to Smith, whereby real-estate can benefit from distributed ledger technology. The first of these is with a tighter control of funds. Here blockchain can enable a new method for registering distributions of funds to an investor and lock the value into a token that is fixed to the U.S. dollar. This process would increase security and reduce the amount of work required when distributions are sent. In addition, the process would mean that business bank accounts, which charge a fee, would not be required..
The third area is with tokens, such as using tokens in exchange for equity, which is something attractive to investors. This has become complicated, however, in the U.S. in light of the news that the Securities and Exchange Commission has begun a probe into firms raising funds through initial coin offerings (selling tokens of a cryptocurrency ahead of its launch).