Casey Kuhlman, CEO of Monax
Blockchain, an innovative technology which was first developed in 2008, is gaining momentum across industries. According to Investopedia, “blockchain is a distributed, decentralized, public ledger.” Its use cases are rapidly growing and the real estate industry can also benefit from its application.
I believe that there are three areas that we will see blockchain impact real estate the most:
(1) Real estate investment: Blockchain has the ability to take the real estate investment sequence and tokenize it. This can create partial ownership and increase liquidity significantly. Blockchain can also open up real estate investment trusts (REITs) to a new series of investors.
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