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Blockchain Still Raises Eyebrows of Skepticism

However, there are two reasons why tokenization is worth the trouble: liquidity and fractional ownership, both of which present opportunities to reduce costs and friction in the investment process.

Michael Sherry Sherry says block chain is a great solution to expedite actions in the sector.

SEATTLE—Much has been discussed about how blockchain, and more specifically security tokens, promises to change the real estate industry, especially as security tokens gain widespread use and acceptance by traditional markets. Blockchain comes into play during the acquisition phase of getting information and approvals, as well as orchestrating all interactions between financial and municipal entities.

“Any tiny mistake or delay—a high possibility in the paper-heavy back offices of most real estate services, even today—can derail the entire process,” says the New Alchemy research department.

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Lisa Brown

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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