return icon

Blockchain opens up new opportunities for real estate

Blockchain technology, which has become a tool for information storage and security, is not only known in the field of virtual currency but also in other business fields.

With its characteristics, blockchain is used in important activities such as trademark registration, copyright protection and anti-counterfeiting, as well as in real estate business as it can open up new ways of trading. It can also make online trading platforms more responsive and more secure.

Real estate coding



Blockchain is a form of database storage that acts as a secure record of data. It consists of blocks of information linked together by encryption and expanded over time. Each information block contains information about the setup time and is associated with the previously created information block.

Blockchain technology has the effect of resisting data interference from outside. The input information blocks are approved by the network, and the data in that block will be protected by the security system of the blockchain.

In the field of real estate, blockchain is seen as a cryptographic ledger that brings democracy in access. At the same time, it increases absolute trust by being a single, untamperable data source. This is especially meaningful for real estate investors.

Blockchain allows users to track transactions and records across a distributed network of computers. The information is all saved on a ledger and distributed across a series of computers that are unaltered by all.

The application of algorithms and technology will help reduce unnecessary problems between stakeholders and speed up the process of buying, selling, leasing and financing this type of property.

If tokens are considered a store of value, in a chain of residential or commercial real estate, tokens represent ownership shares in different categories such as equity, debt or cash flow.

How can blockchain technology change the real estate industry?

Previously, the transaction of high-value assets such as real estate using digital payment methods was not appreciated. Real estate transactions are often done in real life, involving direct transactions with different entities (buyers - sellers). However, blockchain has changed this with smart contracts. The blockchain platform now allows assets like real estate to be tokenized and traded like cryptocurrencies as bitcoin and ether.

For example, a 10-apartment building owned by five different investors is secured on the blockchain, and each investor will own tokens to reflect their ownership of that property.

In this example, the real estate blockchain platform is used to document, store and verify these ownership tokens. The tokens can then be traded, sold and liquidated more easily. The real value of blockchain therefore is not only trust and efficiency but also liquidity. If any real estate property uses blockchain as the foundation, in case of transaction activity, the verification process will become easier.

Real estate contracts enabled by blockchain will not only speed up the transaction process but also save costs and bring transparency, preventing unnecessary mistakes.

The entire real estate transaction process held on the blockchain is verified and systematized in the blockchain system. This is very meaningful for businesses in real estate brokerage.

Blockchain is capable of storing and verifying these important legal real estate documents. Users can easily log in to the blockchain land registry to verify ownership of any plot of land in their area.

Identity verification and contract signing are both possible on a blockchain. Whether it's verifying a tenant's income, an employer's check, or other references, all of the information can be kept on a digital ledger.

In the world, there are many real estate companies that have applied blockchain technology in real estate transactions such as Republic, SafeWire, Vairt, RealT, etc.

However, for blockchain to replace all traditional processes in real estate, it may still take some time. Investors should consider all of these issues and start taking action to access future innovations in the real estate industry.

In the not-too-distant future, every company around the world can apply blockchain as an effective method, across all fields, not only for real estate.

Thai Hoang

What should we expect in the world of technology in 2022?

What should we expect in the world of technology in 2022?

'Great things often come from the simplest things'. This might be the best description for the tech world in 2022.

Cryptocurrency and controversies about the future

Cryptocurrency and controversies about the future

El Salvador recently became the first country in the world to legalize bitcoin, which will be used to pay for goods and services as well as taxes.


Curbing inflation: the optimal goal of monetary and fiscal policies

Monetary and fiscal policies have been tightened to fight inflation in Vietnam (though it is among the lowest in the world), instead of aiming to recover production and boost growth, which is needed after several years of pandemic.

Businesses seek capital as banks run out of ‘credit quota’

Businesses in many fields have voiced their concerns about the lack of capital from banks.

Businesses complain about customs procedures, import taxes

Businesses still must visit ministries in Hanoi to complete paperwork, which they consider a big waste of time and money. They are also concerned about high import taxes.

Vietnam contributes to International Law Commission

Vietnamese Ambassador Nguyen Hong Thao has pledged to make more contributions to the progress and development of international law, for peace, friendship, cooperation and sustainable development worldwide.

Pencak silat fighter enjoys golden year

Pencak silat fighter Quang Thi Thu Nghia has had amazing year of competition when she has won titles from all competitions that she took part in.

Pop singer to compete at MTV Europe Music Awards

Pop singer Pham Dinh Thai Ngan from HCM City will represent Vietnam at the MTV Europe Music Awards (MTV EMA) 2022.

PM hosts national committee on digital transformation’s third session

Prime Minister Pham Minh Chinh chaired the third meeting of the National Committee on Digital Transformation on August 8 to assess digital transformation pace during the first half of 2022 and devise tasks for the time ahead.

Liem to face off against chess king Carlsen at FTX Crypto Cup

Vietnam’s leading chess player Le Quang Liem has revealed that he will take on Norwegian chess king Magnus Carlsen at the FTX Crypto Cup which is scheduled to take place in Miami, USA, from August 15 to August 21.

Vietnam ranks third overall at ASEAN Para Games 2022

Vietnamese athletes bagged seven more gold medals on August 5, the last competition day of the ASEAN Para Games 2022, retaining their third place in the medal tally.

Corporate bond market struggling with challenges

The size of the corporate bond market is estimated at some VND1,374 trillion, equivalent to 15% of GDP. The Government aims to raise this figure to 20% by 2025.

President requires greater efforts to promote value of Ngoc Linh ginseng

Ngoc Linh ginseng deserves the "National treasure" title, and it is necessary to strongly promote the role of this treasure in improving people's livelihoods, President Nguyen Xuan Phuc said .

EVFTA outpaces CPTPP in preference utilisation rate

The utilisation rate of tax incentives set out in the EU-Vietnam Free Trade Agreement (EVFTA) during Q1 soared by over 32%, representing a four-fold rise compared to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

Refusal to issue visas to new VN passport causes problems for travel firms

The rejection of Vietnam’s new passport by some EU member countries is affecting HCM City tourism companies since their customers are unable to travel to those countries.

Vietnam set to scrap COVID quarantine for imported processed seafood

The Ministry of Agriculture and Rural Development has removed COVID-related quarantine requirements for frozen processed seafood products imported for the purpose of reprocessing for export.

HCM City seeks to boost technology transfer from universities

Huynh Kim Tuoc, managing director of Sai Gon Innovation Hub's (SiHub) Start-up Support Centre under the HCM City Department of Science and Technology, affirmed Vietnam holds tremendous potential for technology development