How long will it take for blockchain technology to completely disrupt the real estate industry as we know it today? Some say quite a while, but in reality, it’s happening right now. Many in the real estate world are beginning to realize how powerful this technology can be, mostly due to the aspect of greater trust and transparency of records and transactions. Blockchain distributed ledger technology also makes the entire process of real estate recording faster, much more efficient, and less costly. Then add the concept of tokenization, and you have a means to make liquid an investment vehicle previously incapable of providing investors with that benefit. It truly is a game changer! Here’s a few companies complied by BuiltIn.com that have caught blockchain fever already:
PropertyClub is a real estate platform that uses blockchain to refine the way people market, search for, buy, sell and invest in properties. Using smart contracts, the company conducts real estate transactions digitally using cryptocurrencies like Bitcoin or its own PropertyClub Coin (PCC).
ManageGo is leveraging blockchain for rental property owners. The ledger-backed software helps property managers and owners process payments, thoroughly complete credit background checks and manage maintenance ticketing. Distributed ledger technology is helping owners get a more transparent, thorough view of payment history and renter backgrounds.
RealBlocks uses blockchain to create new avenues for real estate investing. Its platform lets investors buy fractional interest rather than entire portfolios or assets. Through tokenization that’s applied using blockchain technology, RealBlocks helps reduce fees, speed up processes and provide liquidity options.
Meridio allows commercial property owners to sell digital shares of their real estate. The company’s platform connects individual and corporate investors with property owners who are looking to liquidate portions of their ownership.
SMARTRealty uses smart real estate contracts to enact and maintain property purchase and rental agreements. Whether it’s paying rent, establishing mortgages or purchasing a home, the company’s smart contracts help to establish protocols that, if not met, immediately dissolve a contract.
Reasi is the first end-to-end real estate transaction platform featuring secure and seamless escrow. Instead of relying on third parties, real estate agents can use Reasi’s blockchain-based escrow platform to expedite the real estate buying and selling processes.
Propy is a real estate marketplace that uses smart contracts to enact international property transactions. The company’s platform enables buyers, sellers and agents to use a series of smart contracts that help speed up the real estate process — one that is often hindered by international legalities.
Slice gives smaller investors a chance to invest in commercial real estate. Like Meridio, real estate owners can gain access to a large pool of international investors through the company’s ledger technology.
Harbor is a compliance platform for tokenizing private securities, including real estate. The company is tokenizing real estate assets, including funds, private REIT’s, building ownership and land in order to increase liquidity and transparency of the market.
The Bee Token is taking a different approach to traditional real estate with its blockchain-based home sharing platform. Conceptually similar to Airbnb but with a big blockchain twist, the Bee Token enables homeowners to rent out their entire house or individual rooms in exchange for cryptocurrency.
ShelterZoom uses blockchain to manage all aspects of the real estate offer and acceptance process. The secure online platform records every action along the path to closing on a real estate deal to ensure an immutable financial record.
NetObjex is a blockchain developer that uses ledger technology in a variety of industries, but primarily real estate. The company has helped multiple real estate companies implement smart contracts and IoT technology.
StreetWire creates secure transaction solutions for the real estate industry through a data provider-controlled encrypted ledger. Its platform facilitates faster and more transparent property transactions.
CPROP builds blockchain data applications that focus on identifying new opportunities, reducing risk and pinpointing issues in the real estate industry. CPROP’s technology is applied to multiple real estate areas, including brokerage transactions, investment management, property development, finance and insurance.
Imbrex is a listing platform that decentralizes and encrypts data using blockchain, and connects buyers with listing agents directly and uses digital tokens instead of money to create more transparency and minimize obstacles in the buying/selling process.
The Crypto Realty Group is a consulting firm that works with crypto escrow and financial consulting companies to helps clients buy and sell residential, commercial, local and international real estate using cryptocurrency.
The Lending Coin provides peer-to-peer real estate financing through blockchain. The company offers fractional real estate interests, and the use of blockchain ensures that all transactions are transparent and trackable.
What’s interesting about all the above examples is that – unlike the World Token Market – none of them are creating their own secondary marketplace for trading their security token offerings or crypto assets! Plus, none are using completely secure and compliant KYC and AML onboarding only found at the World Token Market!
Our advice: As the above examples indicate, If you’re involved in any aspect of the real estate marketplace, you better start thinking about blockchain or you’re going to be left behind with the rapid pace of new technology. Blockbuster never saw it coming… request your demo today!