Real estate is another domain where the blockchain technology makes absolute sense. There are already a number of real-estate-based projects under way. However, the world of real estate is complex, and the laws concerning title ownership and transfer vary widely from jurisdiction to jurisdiction. It is likely that a chain built for managing the private/public interaction of land transference will be able to successfully supplant the existing legacy systems. Such a system would greatly increase the efficiency of property markets. Current markets rely on a large number of distinct factors with incomplete information government agencies holding land title records, insurance companies checking flood zones and other issues, issuing prices, and real-estate sales companies carrying out price discovery and advertising. The need for multiple disconnected parties to share in a trusted system is a perfect fit for blockchain technology. Improving real estate would be difficult, but possibly very lucrative for the company that is successful.