What is Blockchain?
Blockchain is a technology that has the ability to revolutionize almost every industry, and is used to regulate the generation of units of currency and verify the transfer of funds using encryption techniques, operating independently of a central bank.
A blockchain is a type of shared database that is not located on any one central system, but rather shared on an entire network of users globally. Any time a new entry is submitted, all network users verify and must agree upon the entry.
The decentralized and append-only nature of a blockchain ensures all transactions are transparent, and not altered. This is in contrast to a traditional database that is administered by a single entity.
Blockchain, by design, solves the problem of managing millions of accounts in a secured, cost-effective and labor efficient manner. This technology can be used for real estate, to enable fractional economic rights as well as accurately and securely facilitate transactions and contracts.
Not all blockchains depend on cryptocurrencies. The DreamBlock platform is independent of cryptocurrency markets and prices (e.g. Bitcoin). DreamBlock uses its own digital currency for access to its Marketplace.
DreamBlock overcomes traditional challenges of investing in real estate by using blockchain.
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