Huge News today as it was announced that the very first real estate transaction to be recorded on the Blockchain occurred in the Ukraine. This has been something that those of us who advocate for the development and use of smart contracts in real estate have been waiting for.
The idea is simple but the implementation has been tricky: Using the Blockchain ledger to record real property to solve ownership issues around the world. The development of smart contracts is wildly interesting and their applications hold exciting potential. It would be easy to say that we are at the infancy of this new development but with this news today it looks like we just learned how to walk!
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