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What are the Benefits of Blockchain in Real Estate?
Commercial real estate constitutes a significant portion of world economic asset and transaction activity. According to an MSCI report, the size of the professionally managed global real estate investment market increased from $7.4 trillion in 2016 to $8.5 trillion in 2017. Today’s real estate market however, consists of many siloed and independent networks with transactional friction and opacity between existing systems. The Ethereum blockchain presents a practical solution to realize the following industry benefits:
Tokenization of real estate assets
Process efficiency for underlying industry operations
Reduced costs from process automation
Access to global asset distribution
Access to broader investor pools due to ownership fractionalization
Access to secondary market opportunities
Data accessibility to increase transparency and inform better investment decisions and portfolio management
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