Rethink Real Estate with HyperBC — 3 cases for blockchain integration
Blockchain technologies have the potential to revolutionise the real estate industry, and in some respects, already are. Because of the fast speeds, low fees, automation potential and immutability offered by cryptocurrency transactions, they’re being adopted by key players at a lightning fast pace.
At its peak, the total market cap of cryptocurrencies was over 3 trillion USD, split between about 0.4% of the world’s population. As cryptocurrency adoption rises, so too will investors’ buying power. The real estate industry is tapping into that huge market potential by facilitating crypto transactions for property investment.
This is a natural move, as KYC and robust ID verification are intrinsic to both fields. Using blockchain for real estate transactions provides trustless anti-fraud protection, mitigates fees from middlemen, and creates new investment avenues.
Consider property sharing — tokenisation of real estate assets is already well underway, and opens up opportunities for crypto investors to partake easily and affordably in this previously expensive asset class — with deeds stored immutably as NFTs for unparalleled transparency.
Consider property leasing — smart contracts can facilitate payments at record speed and with nominal transaction fees, all automatically. Late rent or mortgage payments become a thing of the past. KYC at both ends support each other in identity verification, and insurance can be guaranteed by crypto based equity.
Consider escrow systems — a non partisan third party wallet acting as an automated intermediary, which settles funds once pre-determined criteria are met. This could significantly reduce the lead time on property acquisition, as it cuts out delays in identity verification, auditing, and bank approvals.
These are just three of the ways blockchain technology can (and currently do) change real estate transactions for the better, saving investors time, money, and effort.
HyperBC, a crypto payment solutions and asset custody provider, sits at the forefront of this trend — and now they’re putting the focus on real estate investment to include services that make it easier and more accessible than ever before. Their payment gateway technology enables robust, secure, and scalable transaction services — ideal for large transfers at high volume in a trustless environment. Their asset custody solution provides a safe haven for high value assets, guaranteed 1:1 against cyber-crime. Together, their services comprise a one-stop-shop for property transactions and data/fund management.
The future of finance is in digital assets, and it’s just a matter of time before real estate transactions in cryptocurrency are commonplace. Pioneers are blazing the trail for this novel investment method, but soon, it will be the status quo.
Tell us your thoughts in the comments — is crypto and real estate a match made in heaven? Is there an application of blockchain you haven’t seen yet? We’re excited about the direction of this industry, and hope you are too.
If this piques your interest, there’s no better place to learn more and discuss opportunities than Singapore Blockchain Week, held at the über-luxurious Marina Bay Sands this year. Find us there at booth D2 between the 26–27th July, and book a VIP consultation by contacting us at firstname.lastname@example.org.