Absolutely. The tokenization of real estate will be a boon to cryptocurrencies and real estate. But before this becomes mainstream, we will need scalability and user-friendliness among protocols. Tokenization will also allow investors to own fractions of real estate and get dividends from it.
Can you explain how this can help in the rea estate. No offense but for me, application of blockchain isnt suited on real estate but it can help boost in the financial aspect or handling of funds and data management of the different company or real estate firms. I heard a lot of real state related project and I think no one ever really into success. If there is can you share with us so we can know how is their use case and how about the trust for the clients is it doable? Were talking about legal property here and tokenization still on the process of going there.
Almost all the failed real-estate Blockchain projects failed because they probably did not understand how to build a truely decentralized Blockchain-based real-estate. I think it would be hard to make this work centrally. Real estate developers have to be funded in a decentralized way otherwise this won't work if you don't let the authorities in.
It would be great to see good Blockchain-based real estate emerge from this space.
