Lost amid the dramatic swings in the price of Bitcoin and other cryptocurrencies may be the impact it is having on real estate.

“Through smart contracts, blockchain is streamlining real estate transactions,” reports GeekVibesNation. “Buyers and sellers can complete deals in a fraction of the time it would normally take, without the need for intermediaries like lawyers and brokers.”

“Additionally, property tokenization is transforming how real estate is bought and sold. Tokenization allows for fractional ownership, meaning individuals can invest in small portions of a property, increasing liquidity in what is traditionally an illiquid market.”

This democratization of real estate investment allows more people to participate in property markets, potentially reshaping urban development and housing affordability. As technology matures, buying and selling homes or commercial properties could become as easy as transferring stocks online, the report said.

The energy sector is also being affected.

“By enabling peer-to-peer (P2P) energy trading, blockchain allows individuals and businesses to buy and sell renewable energy directly, bypassing traditional utility companies.”

Peer to peer energy trading is seen as a paradigm shift in energy delivery, one that is enabled block chain and other technologies.

In summary, “blockchain technology has matured beyond its cryptocurrency roots, offering tangible solutions to longstanding challenges across various industries…While the road to widespread adoption still involves regulatory and scalability concerns, the innovations we are witnessing today highlight (blockchain’s) transformative potential,” the article reported.