The real estate industry is growing more complicated due to the involvement of more stakeholders, huger investments, diverse talents, and ever-changing regulations. Apart from the complexities, the billion-dollar worth industry is also inflicted by setbacks that are impeding its unflagging growth.
The most agile businesses of the industry have already devised strategies to integrate potential technologies in their operations. Asset tokenization is one of the disruptive technologies that is being harnessed to make a positive difference to the current scenario. Those who are new to revolution are leveraging professional asset tokenization advisory services to come up with a configurable strategy and end-to-end implementation plan.
3 ways Asset Tokenization can disrupt the Real Estate Industry
Blockchain drives immutable transactions and creates a tamper-proof history of transactions, enabling stakeholders to provide evidence of their ownership.
If a stakeholder tries to sell the same token to multiple parties, the history of ownership associated with the token would make it impossible for him to falsify transactions or commit frauds.
- Accelerated Settlement
The smart contracts can be configured in a number of logics in operations, thereby, facilitating automated transactions as soon as contractual obligations are met.
The well-structured system allows investors to have a tour of a clear, immutable record of data related to transactions during decision-making. Businesses can also rely on voting that is the essence of an ingenious system, thereby leading to better business decisions.
- Better Security and Transparency
The tokenization tech employs blockchain that promises world-class security in a volatile digital world. Cryptography fortifies the security of tokens by clearly indicating assets owned by stakeholders.
Lack of transparency is one of the major lags faced by conventional the real estate industry and tokenization has the potential to eliminate this problem by providing enhanced transparency in operations.
Tokenization: A Reliable Solution
Apart from the above-mentioned benefits, tokenization offers many other refinements and improvements that can steer the real estate industry towards unobstructed growth. Businesses can also discover their untapped potential with the help of professional asset tokenization advisory services.
At Millennial Partners, we offer comprehensive asset tokenization solutions – from token development, deployment, and marketing.
Millennial Partners (millennial.ae) prides itself on serving clients’ most pressing organization transformational needs across people, processes, and technology through its own proprietary frameworks. Our digital transformation offering is most relevant to the increasingly digital enterprise and consumer environments. We follow a coherent roadmap that includes incorporating the most cutting-edge technologies and vendors focusing on technologies such as enterprise Blockchain, Artificial Intelligence, and IoT.
Should you have any questions and or would like some focused professional advice, please don’t hesitate to reach out on our e-mail at firstname.lastname@example.org.