Imagine that it is the end of the month. It’s time to balance the books. Now, imagine that the entire process is gone from your schedule. Every transaction that your organization made that month was automatically balanced and recorded by an automated, accurate, secure and self-regulated system—completed within seconds. This is just the tip of the iceberg when it comes to the potential of blockchain in real estate. Today, most organizations maintain double-entry bookkeeping, a written record of invoices and payables. Those records are easily lost, manipulated, or remain unfulfilled. Blockchain does not possess such flaws. The Economist excellently describes blockchain construction and how the transactions occur anonymously, securely, and accurately. In gist, blockchain is a database that securely tracks bitcoin transactions. It relies on cryptographic technology to store completely paperless ledgers of transactions. Once a transaction occurs, it cannot be easily manipulated. The ledgers are self-enforcing and practically impregnable. Workflow efficiency effortlessly improves. Blockchain replaces third-party financial systems, such as banks, which tend to slow down transaction processing. The automated system decreases human error. The technology could replace double-entry bookkeeping. But that barely depicts the sophistication of the database. It has even greater potential and companies are exploring its vast applications. A recent Deloitte survey reveals just how many companies are investing in blockchain. The survey reflects the responses of 522 senior executives at companies with annual revenues exceeding $500 million. Of respondents, 12 percent were knowledgeable of blockchain and have projects in the works to capitalize on the technology.  Of that group, 28 percent have invested more than $5 million into their projects. About 10 percent invested $10 million or more. An additional 25 percent of respondents reported project plans for 2017. Each company has earmarked approximately $5 million for those endeavors....