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 MomentumThe blockchain industry has seen many exciting efforts to bootstrap the technology for mainstream use. Tokenization of real-world assets plays a crucial role in those proceedings. As everyone has an item of value in their life, they can gain access to a broader financial system, among other things. Due to its value and scarcity, real estate makes for an excellent tokenization asset, as it can efficiently cover a global market.
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?As a blockchain-powered real estate platform, Contracoin creates global opportunities for investors. Through this native CTCN token, overseas property transactions can be streamlined and resolve any issues in cross-border payment scenarios. There are no banking processes, fees, or intermediaries involved. Instead, transactions will be faster, cheaper, and unburdened by any restrictions.
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 ThoughtsReal estate has always been tricky for those who want to explore overseas investment options or acquisitions. Unless one is wealthy and has the right connections, acquiring such access is nearly impossible. Blockchain technology can help democratize that industry and bring more opportunities globally. A solution like Contracoin covers both the buying and selling aspects and off-the-plan options, creating a more level playing field for everyone.