The global real estate market is worth $217 trillion, and one-third of income-generating real estate transactions are cross-border. But cross-border real estate transactions are notoriously complicated and rife with delays and impediments inherent to antiquated property rights registrations systems. However, an American’s purchase of $60,000 apartment in Kiev may change everything. In September, TechCrunch founder Michael Arrington remotely purchased a $60,000 apartment in Kiev in a deal that will change real estate forever. The transaction was the world’s first real estate transaction on the distributed public blockchain network Ethereum, and it has opened the floodgates for real asset transfers on the blockchain.…
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