Evolution of real estate tokenization- A quick stat:by Vanessa Jane Block chain consultant
• Research says the global real estate market expanded from $7.4 trillion in the year 2016 to $8.5 trillion in the year 2017.
• Experts say the USA and Europe have already proven real estate tokenization feasibility in economic and technological aspects.
• Real estate tokenization business is said to have been huge in Asian countries and has been the biggest global market over the recent past years.
• RBS and Barclays conducted a trial of property tokenization with blockchain technology included and the trial involved more than 40 participants. The trial was completed successfully, discovering huge benefits through tokenization by more secure, quick, efficient transactions.
• It is predicted that the demand for real estate tokenization will keep evolving enormously, and by the year 2025, the global real estate market will attract $4.2 trillion in revenues, through tokenization.
Blockchain App Factory offers cutting-edge real estate tokenization platform development. With their team of developers, you can create security tokens for your real estate assets.
Created on Mar 6th 2020 08:04. Viewed 324 times.