From the outside, 304 Troutman Street in Bushwick, Brooklyn, looks fairly ordinary. In most ways, it is.

But this nondescript three-story, five-unit rental building is part of an experiment in using the blockchain technology behind Bitcoin to transform the New York housing market. “This is going to be a paradigm shift,” said Mo Shaikh, a founder of Meridio, a Brooklyn-based company looking to introduce blockchain technology to real estate.

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