Why Is Blockchain Technology Popular?
Posted at May 22
Global spending on blockchain solutions is estimated to have reached $11.7 billion by the end of 2022, and the industry is expected to be worth over $163 billion by 2029. There are several reasons for this growth in popularity. Some of this popularity is the adoption of a trendy new buzzword. And, for some applications, blockchain may be a short-lived fad, like fins on 1950’s cars. But for others, blockchain is absolutely the right tool for the job.
Benefits of Decentralization
One of the major draws to blockchain technology is its decentralized nature. According to NASDAQ, decentralization means that there is no single entity with exclusive control of data or processes, allowing for secure transactions without the need for a third party or intermediary. Decentralization adds security since it is tough for hackers to target one single entity in a decentralized and transparent system. This is because there are many different nodes that act as validators of transactions, adding...more
What is Tokenization in Real Estate?
Posted at 12/19/2022
The real estate market has seen a substantial uptick in value, with more and more people looking to invest in this asset class. However, the high barrier to entry – requiring significant capital – has traditionally limited participation to only those with deep pockets. But with tokenization and the blockchain technology that supports it, anyone can get in on the action.
What is Tokenization?
In simple terms, tokenization is the process of converting something of value – in this case, real estate – into digital tokens that can be bought and sold on a blockchain platform. This allows for fractional ownership of assets, which opens up investment opportunities to a much wider pool of people. Tokenization is a process that can facilitate investment in fractional portions of real property, thus lowering the barrier to entry for retail investors. By digitizing real estate ownership and using blockchain technology to track transactions, tokenization makes it easier and faster to buy and sell p...more