The Real Estate Institute of Australia (REIA) and the Real Estate Institute of New Zealand (REINZ), in collaboration with RMIT’s Blockchain Innovation Hub, have released a groundbreaking new report showing how blockchain technology could be used to revolutionise the Australian and New Zealand real estate sector.
The report titled, Blockchain: Opportunities and Disruptions for Real Estate, found Blockchain technology has broad applications for the real estate industry and could help to reduce friction in complex transactions, broaden service offerings, facilitate tokenisation, increase transparency and improve information flow.
RMIT’s Blockchain Innovation Hub’s Co-Director Distinguished Professor Jason Potts said they jumped at the opportunity to work with REIA and REINZ to provide blockchain research for future real estate applications.
“The real estate industry has the appetite and incentive to really utilise blockchain technology to enhance the customer experience,” Potts said
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