Smart contracts use blockchain to automate real estate transactions, eliminating intermediaries like brokers and lawyers. In Jamaica, they could streamline property sales, rentals, and land transfers, reduce fraud, and provide transparent ownership records through tokenization. They could also enable faster, secure cross-border transactions, attract international investors, and allow fractional ownership, making real estate more accessible. By automating payments, renewals, and taxes, smart contracts can improve efficiency, transforming the global real estate market into a more transparent and accessible system.
