tokenization Archives

February 1, 2024April 25, 2024

Blockchain for Real Estate: It’s Coming.

If you’ve ever bought a house, condo, or co-op, you’ll know it’s a major process. Many joyful buys took a good deal of trudging through weeks of stressful communication challenges. The journey was loaded with people, paperwork, and fees. Why do we put ourselves through it? Because getting into the market is a key wealth-building method.

But could there be a better way?

Tokenization seems ready-made to simplify real estate deals. To say an asset is tokenized means it’s represented by a token on a blockchain.

November 14, 2023April 25, 2024

Digital Real Estate Titles? Watch What Wall Street Says About Blockchain

Some of Wall Street’s biggest banks — Goldman Sachs, JPMorgan Chase, the list goes on — are quietly integrating blockchain, the technology that spawned bitcoin, into their businesses. In fact, Wall Street firms have been experimenting with blockchain for years.

Regardless of what bitcoin does, blockchain technology will flourish. Tom Farley, ex-president of the New York Stock Exchange, says it will “rewire all financial services.”

Walmart Inc. has used blockchain in the company’s supply chain monitoring. In the world of deeds, some title companies have used it for recording homeownership, as the Wall Street Journal has reported.

November 12, 2023April 25, 2024

Blockchain for Good: Can Smart Contracts Play a Community-Building Role?

Holding the deed to real estate is long associated with stability and financial security. What if some of that security could be shared by — and build up— communities?

This article is a thought experiment. Let’s imagine how things could play out if local residents could invest small amounts in a building. How would this unfold? Could blockchain make community-based real estate investments happen?