Blockchain has opened up exciting possibilities in the real estate sector. Here are some key real-world applications:

1. Land Registry Modernization:
   Blockchain ensures secure, transparent, and tamper-proof land records. For instance, Georgia has successfully used blockchain for its national land registry, reducing fraud and streamlining processes.
2. Tokenization of Assets:
   Blockchain allows properties to be tokenized into digital assets. This enables fractional ownership, where investors can buy small portions of a property, democratizing real estate investments and increasing market accessibility.

1. Smart Contracts:
   Real estate transactions can be automated using blockchain-based smart contracts. These eliminate intermediaries, reducing costs and processing times.
2. Affordable Housing:
   Tokenized real estate can attract small-scale investors, providing the capital needed for affordable housing projects in developing countries.
3. Sustainability and Urban Development:
   Blockchain facilitates funding for smart city projects by offering transparent and inclusive investment opportunities.

1. Property Management:
   Blockchain enhances efficiency in property management by providing a unified system for recording maintenance histories, tenant agreements, and ownership changes.

Though challenges like regulatory uncertainty and technological barriers remain, blockchain's ability to bring transparency, efficiency, and inclusivity to real estate markets is undeniable.

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