The global implications of blockchain and cryptocurrency in real estate transactions

Real estate professionals in the US tend to overlook the global implications of blockchain, cryptocurrency, and smart contracts because the traditional way of doing business in the US is relatively safe. However, globally, there are challenges related to market volatility, government instability, ownership enforcement, and currency stability, which blockchain and cryptocurrency can address. In some regions, cryptocurrency provides a means for people to protect their assets. In real estate transactions, creating a limited liability company (LLC) and placing the property within it, then using NFT to represent ownership rights of the LLC, emerges as a potential method of transacting property.