Blockchain is a decentralized ledger that distributes identical copies of transactions across an entire network. These transactions are encoded and stored in "blocks" that are then "chained" together. This system is very difficult to hack or cheat, and it's also "very difficult to alter transactions logged in a public blockchain as no single authority controls the nodes," according to Forbes.
Many people have heard about blockchain technology in the context of cryptocurrencies, but it can be used in a number of other ways as well. As the managing broker of a commercial real estate firm, I'm dedicated to studying blockchain and understanding how it will change the real estate industry. Below are some of the ways I believe blockchain technology could influence the future of commercial real estate.
New Ways To Trade Assets
I expect blockchain to make it smoother, easier and safer to facilitate real estate transactions on trading platforms and online marketplaces. In fact, there are already platforms out there doing this. For example, ATLANT is a platform that tokenizes properties; the trading can all be done online, and the tokens can be exchanged for fiat currency. From my perspective, understanding the value in tokenizing real estate is just the tip of the iceberg when it comes to the future of partnerships and investments on the blockchain.
Continue reading:
https://www.forbes.com/sites/forbesbusinesscouncil/2021/12/15/blockchain-and-the-future-of-commercial-real-estate/?sh=432015dc6cc6
Many people have heard about blockchain technology in the context of cryptocurrencies, but it can be used in a number of other ways as well. As the managing broker of a commercial real estate firm, I'm dedicated to studying blockchain and understanding how it will change the real estate industry. Below are some of the ways I believe blockchain technology could influence the future of commercial real estate.
New Ways To Trade Assets
I expect blockchain to make it smoother, easier and safer to facilitate real estate transactions on trading platforms and online marketplaces. In fact, there are already platforms out there doing this. For example, ATLANT is a platform that tokenizes properties; the trading can all be done online, and the tokens can be exchanged for fiat currency. From my perspective, understanding the value in tokenizing real estate is just the tip of the iceberg when it comes to the future of partnerships and investments on the blockchain.
Continue reading:
https://www.forbes.com/sites/forbesbusinesscouncil/2021/12/15/blockchain-and-the-future-of-commercial-real-estate/?sh=432015dc6cc6
