Challenges and Opportunities using MultiChain for Real Estate

The real estate market involves multiple untrusted actors with contrasting objectives. We propose REchain, a blockchain-based platform for real estate, which provides benefits to all actors in terms of transparency, trust, immutability, and traceability. REchain architecture handles real estate data through well-defined workflows that leverage the MultiChain platform. REchain changes the real estate market enabling direct transactions without intermediaries, and providing new mechanisms for negotiating the purchase conditions. This paper refutes the misleading idea of using blockchains for solving generic problems as blockchain platforms have peculiar features that make them suitable for sp…