Potential of blockchain technology on the real estate sector

Abstract

This research illustrates the transformative potential of blockchain technology in the real estate sector, particularly considering challenges stemming from the widespread outbreak of COVID-19. After the crisis-induced stagnation in the real estate industry, blockchain has emerged as a notable solution, enhancing transparency, eliminating traditional investment intermediaries, and introducing digital tokens as a novel fundraising mechanism for real estate. While some projects have found success and others continue to evolve, they may encounter obstacles and need to navigate new developmental paths. It's hypothesized that online social platforms offer invaluable insights that can help tailor projects to align with the preferences of investors and the broader public. This is particularly evident when focusing on positive sentiment, analyzed using Python-based tools. This study examines sentiments from 'Reddit', a renowned social media platform, utilizing post-COVID-19 data and emphasizing blockchain-powered real estate investments. Furthermore, the research delves into the pivotal role of digital tokens in revolutionizing real estate financing, elucidating how token creation introduces innovative methods for fundraising in real estate and the challenges associated with tokens. In essence, this research seeks to shed light on the challenges and opportunities inherent in merging blockchain technology with the real estate sector. This study stands as a vital reference, shaping the direction of future projects and endeavors within the real estate realm.