The Christmas holidays are coming up, and all you can hear and read online is blockchain, cryptocurrencies, bitcoin, ethereum and the list goes on. You are probably just focused on building up your real estate investments based on the advice provided in previous articles, but all you hear about is this blockchain technology taking over the world.
Is it really that way?
Well…I don’t know about taking over the world, but when Wall Street starts adding bitcoin futures to their market, then you know things are starting to get serious. There are so many cryptocurrencies that are used for monetary transactions, in a similar way bitcoin works (or Litecoin and all those other mimic coins.) If you have been reading articles such as this one here, you probably have heard of tokens being created that allow for transactions in the grocery industry, or sporting bets online, or even the stock market. We are witnessing the “tokenization” of – literally – everything.
But what about real estate?
How can blockchain technology change the way we transact and do business when it comes to residential or commercial real estate? Well…it isn’t really hard to imagine how blockchain would help (at the core of it, it can even be used in the Oil industry in Saudi Arabia – as we will discuss in a future article.) But I guess my question is, is there a company that already has taken care of the real estate industry or should we all go out and start building startups around that?
There is actually an interesting company I wanted to bring to your attention. Rentberry has its own token the “BERRY” which is kind of like bitcoin, only for transactions between tenants and landlords. They have been in business since 2015 and have been growing at a significant rate. I will be talking about this startup in greater detail, in upcoming articles. But for now, do some reading on your own (hey! don’t expect me to bring all the knowledge at your finger tips.) Here is a link to the white paper: https://rentberry.cryptonomos.com/