[View] token of the real estate company's CEO predicted block chain competition in physical assets

Asset token ownership of the means to convert the real-world project for a digital token behavior. This can be completed in several ways, but all of these will result in legal links between tangible assets (real estate, vehicles, gold, etc.) they represent a token.

Tokens are transferable units of things. Traditional versions of contracts, titles and certificates are "token", a " token " is a symbol representing the project or other content. Housing contract on behalf of the ownership of the house. " Token " is used to refer to real-world assets on behalf of its own digital local assets.

" Digital Local " refers to how the assets exist exclusively on the Internet. Traditional asset ownership (such as contracts, ownership or certificate) need a piece of paper, it must be approved by the law, and the number of local ownership of the assets will be included in the assets themselves.

Real estate is one of the best assets in the world, especially during inflation (up to cause a recession). Fort Capital CEO Chris Bowles (Chris Powers) predicts that this decade will witness the transformation of space technology. He predicted that the use of block chain of real assets marked or securitization. Power tweets,

"Creating digital assets (increase transparency) to accompany the owner of its tangible assets will not only smarter, but will have a more valuable asset."

Not only in the real estate sale, the lease agreement and maintenance requirements, and other records relating to the real estate will be run on Blockchain. He pointed out that

"Block chain based property management software will be used to record property records daily (ie, when the tenant of a maintenance request, the property administrator how to deal with the request, when the work is completed, receipts, etc.), to create the"

Bowles also pointed out that technological changes in the field of public investment in real estate will provide greater possibilities. Security and invariance block chain will reduce the need for "property" insurance. He pointed out that,

"With the block chain to replace the" title "of insurance demand, the company will survive the title fight."

"As a token of the entry into force of any real estate assets are public offering. It will create opportunities for permanent capital assets."

This service offers many opportunities for start-ups and Ethernet Square, EOS and other smart contract Tron platform. However, even the private sector and DLT platform Corda such as a Hyperlegder and R3 also provides similar functionality.

Chinese government has been committed to its independent block chain infrastructure. Even as Alibaba, Wal-Mart, large private companies such as Maersk has based its model block chain applied for a patent to develop its data management systems.

Nevertheless, the viability of the block chain and tokens of assets continues to improve, indeed painted a bright picture for the entire encryption market. The total market value of the real estate market of more than $ 8.5 trillion.

How do you see his vision will affect encryption currency market? Please share your comments with us.