The Federal Council of Real Estate Brokers authorized blockchain to register negotiations and documents in the sector.

This decision aims to modernize the inspection process and intermediation of properties.

What is Blockchain?

Blockchain technology is an advanced database engine that allows a transparent sharing of information across a company's network. A blockchain database stores data in blocks linked together in a chain. The data is chronologically consistent because the chain cannot be deleted or modified without network consensus.

Technology has been used in the real estate market since 2017 when the novelty arrived in the country. Since then, use has increased, and today, it is present in several notary offices through e-notary, a system developed by the Colégio Notarial do Brasil.