There are so many benefits of applying blockchain technology in this sector. It is common knowledge that the buying and selling of property is time-consuming to say the least. The paperwork involved in transfer of properties can take months to complete. Blockchain-based smart contracts can speed up processes and act as a permanent record of data such as ownership rights, important dates, payments, etc. Asset tokenization is also possible, splitting up huge property into multiple tokens to encourage part ownership of assets and small-time investors. This also helps asset owners to liquidate property with much ease.