Enabling real estate related smart contracts utilizing a blockchain will change the nature of escrow, contracts, title, deeds and other property records lessening the reliance on traditional closing services and hopefully provide needed monetary relief at the closing table. A daunting task indeed. Thankfully, the challenge has been taken up by several players in the emerging distributed ledger tech field with new entrants seeming to pop up every other week.
An interesting use case was featured in a recent story on BitcoinMagazine.com about a New York based company doing real estate commission splits utilizing the Zap.org smart contract platform. Baby steps, but promising.
Another exciting player in the realty blockchain business is PROPY with their offering of international properties being purchased and sold integrating blockchain tech to secure the transaction and facilitate cross-border payments.