Blockchain has begun changing the way we operate online, particularly in regards to transactions and information sharing. Originally created to support the emerging cryptocurrency bitcoin, blockchain has grown into it’s own respected platform.
What Is Blockchain?
Blockchain is making it easier for companies to make major transactions across the internet without the need for a middleman. Intermediaries like stock exchanges, credit card companies, banks and governments can all slow down the process, which can also make it more vulnerable to fraud or crime. It makes sense for blockchain and bitcoin to be closely linked to the real estate industry as it’s one of the few industries which involves staggering amounts of money being exchanged between various parties.
Tokenisation aims to split ownership of assets by using cryptocurrency which is then turned into tokens stored on the blockchain. Those who want to invest in luxury real estate now have the opportunity to resell their share on the open market by secondary trading. This also means that people across the globe have access to the same investment opportunities, no matter how much money they have to invest.
Through tokenisation, landlords have the ability to sell off just a portion of their …