There's a new blockchain platform for residential property buying and selling to be launched in the Kingdom of Bahrain, with a goal to provide a seamless transactional process which will reduce the overall costs for both the buyers and the sellers.
Bahrain has taken great steps to enhance the real estate sector in recent years, most recently with the introduction of Legislative Decree No. 27 of 2017 which established RERA (the Real Estate Regulation Authority). The introduction of the platform is considered to be a fantastic addition to Bahrain’s already thriving real estate sector.
Bahrain FinTech Bay, the Fintech Consortium, and OffrBox have signed an agreement to launch the online platform. OffrBox is a US-based Fintech startup and featured as one of New York City’s top 50 start-ups to watch in 2017.
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