#SmartContract #Venezuela #inversión #Oportunidad #Inmobiliaria Smart contracts are revolutionizing the real estate sector in Venezuela and the world, offering unique opportunities that significantly affect its actors.
1. Buyers and sellers: It will automate the buying and selling of properties, eliminating the need for intermediaries, including the transfer of properties once the conditions of the sale are met, making title transfers instantaneous.
2. Real estate investors: they can simplify and streamline many of the processes carried out in the sector, such as the purchase and sale of properties, rental management, contract management, financing of real estate projects, among others.
3. Real estate professionals: Smart contracts will guarantee the commission of real estate professionals who negotiate the property of a third party.
4. Governments and legal entities: The use of blockchain technology and smart contracts in the real estate sector raises a series of legal implications that are still developing. It is a pending issue for many governments, the truth is that it will redefine what we currently know as registries and notaries.
Cryptocurrencies, such as Bitcoin, facilitate international transactions, make the SWIFT system obsolete, and allow investors to participate in the Venezuelan real estate market with low commissions. And having an immutable record of ownership of the property, this prevents real estate fraud, resolves ownership disputes, establishing the legal tradition of the property, a record that can be publicly accessible. It will facilitate new forms of financing for real estate development.
The potential to transform the real estate sector is undeniable. This does not represent investment advice so remember to do extensive research on the market yourself, or go to a financial advisor who provides you with financial services, so as not to compromise your funds.
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