What’s the biggest challenge of all facing the real estate industry now?

Liquidity.

What can be done in a credit crunch situation?

Alternative funding, or a new source of money, given the opportunities brought by the blockchain technology.

With new technologies come new opportunities.

While blockchain promises transparency, traceability, and immutability, we can look at it from either the technology part or economic side of it, or both.

This is the dawn of a new era. Technology is bringing down borders of the legacy system. Blockchain will disrupt the bankings’ financing business just like how the web disrupted the telcos’ communication business.

The billion dollar question is:

How Can The Real Estate Industry Embrace Blockchain Technology And The Crypto Economy?

Tokenization is one of the ways.

But it has to be done step by step, one at a time. This is because the real estate industry is a highly regulated market, just after banking and finance.

The ABCD+X Business Track

Awareness

Industry-specific stakeholders must be well aware of what is going to happen from a broader view. Initially, test water approaches can be carried out, to know the acceptance level and the readiness at the new frontier.

Business Model

Once the situation or condition is getting clearer, high level perspective of how things should work must be figured out. This concerns mainly the people and the process.

Conceptional Design

Drill down to resource identification, system architecture, detailed flow charts etc. related to facilitation of system development. Documents such as Blueprint, Functional Design Specification, Project Management Plan, Data Modelling Design etc. should be ready.

Development And Deployment

Hands on and project implementation. Beta to stable version and upgrading lifecycle.

Case Study: Property Developers’ Roadmap To DLT Implementation

Image below shows the proposed approach to a real estate developer looking at possibilities of integrating crypto payment and blockchain technology in their residential and commercial development projects.

Note that it doesn’t have to be in exact sequence. These are the components in one possible pathway to tokenization.

Start something somewhere, somehow.

The courage and ability to take actions while others are still hesitating is what separates market leaders from the rest. It doesn’t have to be a drastic move.

For instance, creating awareness and getting market feedback or responses through series of talk or seminar or workshop will increase the possibilities of pulling in the right crowd. In this case, the cryptocurrency players or holders, who may have in their hand a handsome amount of tradeable cryptocurrency.

Moving forward, start to familiarize the corporate itself by accepting cryptocurrency as a method of payment. Exchange products or services with crypto.

This is not theoretical anymore. Malaysian company such as KLSE listed property counter CHHB is pioneering the crypto adoption. On the global shores, Nasdaq listed, the world’s largest business intelligence software company Microstrategy adopted Bitcoin as a primary treasury reserve asset in the multi-million dollar scale.

From the initial stage of familiarizing with crypto economy, the real estate developer can then further explore fractional ownership options, Securities Token Offering (STO) for project funding, functional token for community management and other great opportunities to be unleashed.

People, process, technology. People come first. Technology is just the enabler.

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TV Review: Open Source Money on Discovery Science

Overall humanity is at a crossroads and the future of money as we know it will be transformed by Blockchain and the new internet of Value.

The only question is, where we will be in the Space Race of our generation when the dust settles?

Open Source Money, a groundbreaking documentary series about the rise of Disney-incubated blockchain company, Dragonchain, and the global evolution of cryptocurrency and blockchain technology.

UNICEF Crypto Fund to Invest $100K in Humanitarian Blockchain Projects

UNICEF is looking to support early-stage startups with a blockchain prototype that can be transformed and eventually deployed in countries that need the technology the most. For example, during the last funding round, UNICEF invested in blockchain startup StaTwig, a company based in India that uses a blockchain to track the supply-chain of rice being delivered from the Indian government to low income areas.

How Bitcoin Is Becoming Both Resistance Money and a National Security Concern

The implications of a changing geopolitical landscape, where Bitcoin is set to play a role in the upcoming war for tech dominance — while at the same time acting as the key to digitally “exit” from governmental control.

Chinese Courts Use Blockchain for Property E-Sealing

By applying blockchain-powered e-sealing, courts are able to securely monitor a property in real-time with help of video surveillance.

The use of blockchain technology is intended to keep all data recorded and unmodified by involved parties. Law enforcement staff can use the platform to conduct property information queries to check the history of operations on the sealed property.

The post Open Source Money, Humanitarian, Shelter, and National Security appeared first on Blockchain Insider.

It was a Mandarin speaking event and the topic of sharing was “Tokenizing Real Estates” and “The Sharing Economy”.

Tokenizing Real Estates (Mandarin)

p/s: This was the second Chinese session after our first Chinese sharing session at SITEC last year.

The investment forum was held at 9th March 2019 and attended by some 500+ investors from around the country. It was a Mandarin speaking session for Chinese community.

Organized by Hua Zong (Federation of Chinese Associations Malaysia), this is an annual investment forum since 2002. This is the 17th year since its inception, which makes the event a trustworthy brand when it comes to investment related economic forum.

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