"The process of data tokenization has immense consequences for how both individuals and businesses store, manage, and process assets"
Currently, the black box of real estate investment prohibits only those but the most wealthy and well connected from entering the market. Leveraging tokenization solutions that transcribe real assets into tokenized values of any denomination is transforming this practice into something more accessible and easy.
Tokenization solutions mitigate the high costs associated with investment by providing the ability to convert assets into any token value. Blockchain technology allows assets to be divided into as many as eight decimal points. This way, real estate investors can purchase even a tiny property share.
When it comes to dealing with property sharing and transferring regulations, tokenization also helps by putting the power into the hands of individual owners. There is less red tape to wade through and fewer intermediaries to deal with when tokenized assets are controlled only by their owner.
In practice, tokenization solutions in real estate are already seeing use: Ukraine’s government seeks to blockchainize real estate titles as of 2018. The country needed a solution for “establishing a comprehensive, transparent and secure registry.” Thus, they turned to tokenization of real-world assets — in this case, real estate titles.
If you want to learn more about how ELEKS can help your business increase efficiency, improve security, and set yourself apart from the competition, contact us today.
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