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byungwan park
@ohoo
If Web3 could streamline one aspect of real estate, it would be property title management and transfer. Why it’s overdue: Title processes are slow, expensive, and opaque, often involving weeks of legal work and multiple intermediaries. Errors and fraud in title records are common, leading to costly disputes. There’s no global standard for verifying ownership, making cross-border transactions complex. How Web3 changes that: By putting titles on-chain as NFTs or verified smart contracts, Web3 allows for instant, transparent, and tamper-proof ownership verification. Transfers become automated, trustless, and nearly instant—no paperwork, no middlemen. It’s the update real estate needs to enter the digital age.
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