Enter the world of blockchain with exclusive tokenization of Real Estate

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Enter the world of blockchain with exclusive tokenization of Real Estate

Digitization and blockchain are bringing a revolution right from the internet to the way we own assets.

People are buzzing about blockchain technology, its decentralized functionality, and web 3.0 recently. The invasion of blockchain is reaching every nook and corner of the world that people started using blockchain for everything from HealthLine to e-commerce. Real estate has always been a significant industry involving ownership of assets. Tokenization of real estate is the new trend with blockchains. Real estate and blockchain? Looking like an alphabet soup to you? Here is a short introduction to blockchain and its influence on real estate today.

Understanding tokenization of real estate

Blockchain is a network of digital ledgers that has the capacity to store information in a different node. This makes it unhackable and unerasable that the data cannot be modified in the network. This also makes it free from a third party or a centralized party that regulates the whole mechanism. Thus blockchain offers peer-to-peer connections and transactions. Tokenization of real estate is nothing but bringing the whole ownership of real estate as a token in the blockchain. Any asset can be enveloped as a token in the blockchain and it is also possible to share the ownership of the asset between members. It is a process of digitizing the illiquid assets in the measure of bringing liquidity and in turn fractionalizing them for liquidity. There are several classifications on tokenized assets, they are

  • Resendinetial real estate assets
  • Commercial real estate assets
  • Individual real estate assets
  • Trophy real estate assets

Takeaway

Digitization and blockchain are bringing a revolution right from the internet to the way we own assets. With metaverse, another emerging technology coming up, people are into tokenization of real estate. All you have to do is to get in touch with experts in blockchain technology and get technical advice on your illiquid assets.