Company
Date Published
Author
Chainlink
Word count
43
Language
Chinese
Hacker News points
None

Summary

Blockchain technology is poised to revolutionize the real estate industry by enabling the digitalization of real estate assets into tokens, which can represent partial or full ownership of physical properties. These tokens can be utilized in unique applications, such as smart contracts that automatically transfer ownership, facilitate loans with real estate NFTs as collateral, and trigger monthly rent payments. Hybrid smart contracts, which combine blockchain security with real-world data, allow users to engage in real estate markets without directly holding physical assets and offer innovative derivatives for risk hedging. Chainlink, an oracle network, plays a crucial role in connecting blockchain applications with off-chain data and systems, ensuring compatibility across various platforms and enabling the use of high-quality real estate data from providers like SmartZip and ProspectNow. This integration enhances real estate market liquidity, transparency, and risk management, while reducing operational costs through automated transactions. Chainlink's flexibility and robust data aggregation capabilities support the growth of blockchain-based real estate applications, offering developers a seamless way to access and implement real estate data in their smart contract solutions.