The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Resources
  3. Top Talent Brief
  4. First Real Estate Deal Using Blockchain

First Real Estate Deal Using Blockchain

Blockchain, an online ledger first developed as the core technology behind the virtual currency bitcoin, was utilized by Michael Arrington, co-founder of the tech news site TechCrunch, to purchase an apartment in Kiev for $60,000 from the Ukrainian developer Mark Ginsburg. Utilizing smart contracts on the Ethereum blockchain, the transaction is heralded as the first-ever property to be bought and sold using blockchain which in a trans-border deal “improves the process of conveyance and eliminates paper contracts and costly lawyer fees.” Days later, IBM announced a new blockchain banking solution that will help financial institutions address the processes of universal cross-border payments. Using IBM Blockchain, “in collaboration with technology partners and KlickEx Group, the solution is intended to improve the speed in which banks both clear and settle payment transactions on a single network in near real time.” One thing for sure this disruption will result in faster and less expensive closing of real estate deals as traditional players everywhere start to compete.

About the SelectLeaders Job Barometer

The SelectLeaders Job Barometer, published since 2006, is the foremost survey of employment opportunities, trends, and hiring practices in the commercial real estate industry.

About the SelectLeaders Real Estate Job Network

SelectLeaders powers the Career Centers for 9 premier real estate industry Associations (whose members control or direct 90% of commercial real estate). Jobs are from all sectors and all levels with 29% paying over $100,000. SelectLeaders Job Network offers unequalled access to the Real Estate community. To learn more visit or visit our Job Network Career Centers: BOMA, CCIM, CREFC,, NAIOP, NAREIM, NAREIT, NMHC, PREA, Project REAP, ULI, NRHC

All Top Talent Brief