There is a growing demand for tokenization of real-world assets on the blockchain. One asset market that holds tremendous potential is real estate, as there will always be a demand for houses and apartments. Contracoin aims to revolutionize global property transactions by focusing on security, transparency and removing any restrictions.
Tokenization of Real Estate Gains Momentum
Several projects provide support to tokenize real estate on the blockchain. As the technology allows for transparent and immutable transfers of ownership, it creates many opportunities. Another option is to give more people a chance to invest in real estate and grow a real estate portfolio that way. The possibilities are virtually limitless, but there is still much to explore.
One can improve upon several aspects of the real estate business. Introducing more security, transparency, support for faster funds transfers, and reducing overall costs are just some benefits. In addition, blockchain technology allows for automating administrative services, such as transferring ownership of a house or apartment, removing the need for human intermediaries. These changes can result in a more streamlined and affordable solution that enhances global property transactions.
As global real estate represents a $228 trillion market, efficiency and accessibility are essential. However, facilitating worldwide sales of properties is not easy to achieve, even with innovative technologies. The Contracoin team believes they have a solution to democratize buying and selling of property globally. The main goal is to lower the entry barriers and intermediary fees, two aspects that tokenization excels at.
What Is Contracoin Offering Exactly?
Introducing smart contracts into this equation is only one facet. Contracoin's native marketplace - the Virtual Barter Network - has over 500,000 global merchants, including over 65% of Fortune 500 companies and 30% of the world's total business. In addition, the Contracoin team itself consists of individuals with vast expertise in real estate, blockchain, finance, legal matters, and IT development.
For users looking to buy real estate, there will be multiple levels of assistance. Ranging from property details to financial and legal aid through the "Help to Buy" button, the platform ensures users have an optimal experience. There are even steps for negotiation, due diligence, financing, settlement, and property management.
Those who wish to sell property, either privately or through real estate agents, Contracoin will offer options. Its technology can integrate with existing real estate portals globally, and sellers will receive instructions on providing property information and ensure their offer gets the proper attention. Contracoin's marketplace also offers a way to sell off the plan properties to attract sales commitments and ensure financing for future construction.
Closing Thoughts