Brazil to test blockchain in state real estate auction to reduce fraud, disputes

"The implementation of blockchain technology in Brazil’s real estate market holds the potential to significantly enhance transaction transparency and trust. By reducing fraud and disputes, this initiative could foster greater investor confidence and activate the market. As similar projects may emerge domestically and internationally, a broader range of market participants could reap the benefits. However, challenges associated with this technological adoption must be addressed. For instance, a lack of understanding of blockchain or insufficient regulatory frameworks could hinder the growth of the real estate market. Thus, it is essential to find sustainable ways to enhance transparency while mitigating these risks."