Drooms is the first to introduce blockchain technology to the real estate and M&A transaction business. Drooms is substituting traditional archiving, that comes in the form of DVDs, CDs, USBs and hard drives, with secure data rooms validated via blockchain for the legal guarantee phase of a transaction.
What is Blockchain?
The blockchain is an incorruptible digital ledger of transactions that can be programmed to record virtually everything of value. Blockchain enables two strangers with no trusted third party to transact while recording that transaction and serves as proof of what was agreed. The blockchain adds data into encrypted blocks that can’t be altered and scatters the fragments across a global network of distributed computers ensuring information integrity.
In an age where the focus on cybersecurity and data protection is becoming increasingly important, blockchain technology offers a solution that goes beyond the reliance on the ‘username/password’ system.
