Execution of high-value assets like real estate through a digital means was not a norm in the previous years. But in recent times, this has been proven to be a standard medium for businesses out there, and the real estate market is not excluded.
With the aid of blockchain, an approach to change the traditional real estate exchanges which usually takes place eye to eye in a physical arrangement setting, has been created.
The presentation of smart contracts in real estate has made it possible for real estate to be tokenized, traded like cryptocurrencies, and can be sold and bought with cryptocurrencies as well.
Most Real estate companies are concerned with providing a secure, accessible, and efficient investment platform in their companies for the successful and smooth running of the real estate market in order to give opportunities to everyone open to utilize it. But getting access to these opportunities can pose some form of difficulties. This is where Blockchain comes into play to restrict/eradicate such difficulties and Algorand is sufficient to serve as a solution to real estate problems.
Algorand is the world’s first open-source, permissionless blockchain with a pure proof of stake protocol. And can be the foundation Blockchain technology for real estate ventures ensuring that problems associated with real estate such as record taking, accuracy, transparency, access, and the right/efficient security get solved.
Algorand also possesses the needed smart contract required for real estate with a
- Layer 1 ( on-chain smart contract) and;
- Layer 2 (off-chain smart contract).
With the movement of real estate venture into an Algorand blockchain like other traditional financial investments such as stocks and bonds which have been adopting Blockchain technology, real estate ventures will be able to utilize blockchain infrastructure speeding and smoothly such as lightning-fast settlement, access to international investors, tokenized security and overall improved framework.
Algorand blockchain can provide investors with the needed dashboard to register and get verified through a trusted KYC system. The status of all investors can be easily tracked and managed, as well as the allocation of shares, etc.
Real estate ventures and Algorand can achieve huge advantages when they coexist and combine together.
When it comes to the lending side, investors can access great real estate openings with littler essentials, convincing return potential, and low charges as well.
Investors with digital resources can broaden their portfolio with real estate without any fear as a potential return is granted.
This cutting edge approach opens up new wellsprings of capital for real estate shareholders and, potential investors which can enable them to grow and develop their organizations. Every capital raise is straightforward and effective with adaptable terms per bargain. What’s more, lenders can win high paces of return while picking up digital cryptocurrency presentation and lessen drawback chance through cross-collateralized credits that incorporate less unstable real estate venture.