The blockchain was born in 2008 together with Bitcoin, the first commercial cryptocurrency, its name means chain of blocks and it serves to give us an idea of its operation, another way of understanding it is to buy it with a book of accounting entries, in which each annotation that is ago corresponds to a block of the chain.

Once a new block has been incorporated, it is not possible, or at least extremely difficult, to modify or eliminate it, so each correction or change that is desired must be done by incorporating a new block into the chain, in this way it can be offered greater transparency since each action is recorded.

Another advantage is that the information is not stored on a single server, but is stored on all the nodes that are part of the network, in this way in the event of a failure, the information is safe as long as one of the computers continues to work .

Blockchain networks can be public or private, the public ones are used so that people from all over the world can have access, as is the case with Bitcoin, and the private ones are used by companies to store the information of their operations and have the power to restrict your access.

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In this way, as it is a secure medium for handling information, no industry is exempt from being able to incorporate it into its operations and the real estate sector is no exception, as it handles important documents and large amounts of money.

Some of the benefits that blockchain could bring are document authentication, the preparation of contracts, the evolution of mortgages and the immediate availability of money, among others.

Document authentication allows them to be encrypted, so that once they are incorporated into a chain, their authenticity will be backed by all the previous blocks, in this way it will not be necessary to deliver them physically. In addition, in the event that a property is not registered correctly, the error can be easily identified and corrections made much faster.

The advantage in the case of smart contracts supports carrying out purchase and sale operations safely and without the need for an intermediary, so that those involved can close the deal even without having to be in the same location.

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Regarding the evolution of mortgages, the procedures will be much faster, with more attractive interest conditions, since there will be many more options such as P2P loans and Neobanks, this will allow people who through traditional banking do not it possible to request a loan to access these.

Finally, the immediate provision of money favors that the parties involved have their money immediately even if one is in another country, this will also benefit real estate agencies because in cases where more than one agent is involved in the sale, it will be possible to easily determine the percentage of commission that corresponds to them depending on their registered participation in the operation.

The impact that blockchain will have on real estate will be of great importance, as it will facilitate many functions throughout the entire service chain and offer greater transparency to those involved.

If we add to this the capacity that the new 5G wireless network is deploying around the world, it will be possible to carry out real estate operations practically anywhere and without intermediaries.

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