{"id":4607,"date":"2020-02-20T16:46:33","date_gmt":"2020-02-20T22:46:33","guid":{"rendered":"https:\/\/novahubcenter.com\/?p=4607"},"modified":"2020-03-02T14:06:12","modified_gmt":"2020-03-02T20:06:12","slug":"real-estate-between-tradition-and-innovation","status":"publish","type":"post","link":"https:\/\/novahubcenter.com\/fr\/real-estate-between-tradition-and-innovation","title":{"rendered":"REAL ESTATE, BETWEEN TRADITION AND INNOVATION"},"content":{"rendered":"[vc_row][vc_column][tm_spacer size=\u00a0\u00bblg:35&Prime;][tm_heading custom_google_font=\u00a0\u00bb\u00a0\u00bb font_decoration=\u00a0\u00bbunderline\u00a0\u00bb font_size=\u00a0\u00bblg:28&Prime;]REAL ESTATE, A MARKET THAT NEEDS TO EVOLVE[\/tm_heading][tm_spacer size=\u00a0\u00bblg:22&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Today real estate appears to be the largest asset class in the world. This market is extremely powerful being valued. <a href=\" https:\/\/fortune.com\/2016\/01\/26\/rea-estate-global-economy\/ \"> at $217 trillion <\/a>[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The blockchain technology is constantly being introduced everywhere, and the real estate sector make no exception. It has recently been adopted because of the huge opportunity to transform the real estate industry and to respond to the constraints of the sector.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The real estate industry is doing well but is experiencing several problems slowing down its activity. Barriers to entry are very high, being the entry cost, the lack of transparency, the high costs, the lack of liquidity and the speed of transaction are all factors that disrupt the optimization of the sector.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]In its simplest form, blockchain is a distributed database. By recording and combining transactions into a de-centralized, secure ledger system, it creates a \u201cchain\u201d of chronological data that no party has control of. The value lies in the system\u2019s ability to authenticate and track transactions in real time without the use of a third party, such as a bank.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:32&Prime;][tm_heading tag=\u00a0\u00bbh4&Prime; custom_google_font=\u00a0\u00bb\u00a0\u00bb font_decoration=\u00a0\u00bbunderline\u00a0\u00bb font_size=\u00a0\u00bblg:28&Prime;]THE ROLE OF SMART CONTRACTS AND TOKENIZATION<br \/>\n[\/tm_heading][tm_spacer size=\u00a0\u00bblg:28&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]In particular, the blockchain introduces two services into the real estate ecosystem:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb icon_type=\u00a0\u00bbfontawesome5&Prime; icon_fontawesome5=\u00a0\u00bbfar fa-lightbulb-dollar\u00a0\u00bb icon_color=\u00a0\u00bbprimary\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime; custom_css=\u00a0\u00bbJTA5cG9zaXRpb24lM0FyZWxhdGl2ZSUzQiUwQSUwOXRvcCUzQS01cHglM0I=\u00a0\u00bb]<a href=\" https:\/\/en.wikipedia.org\/wiki\/Smart_contract\"> <strong>Smart Contracts<\/strong> <\/a>[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb icon_type=\u00a0\u00bbfontawesome5&Prime; icon_fontawesome5=\u00a0\u00bbfar fa-coins\u00a0\u00bb icon_color=\u00a0\u00bbprimary\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime; custom_css=\u00a0\u00bbJTA5cG9zaXRpb24lM0FyZWxhdGl2ZSUzQiUwQSUwOXRvcCUzQS01cHglM0I=\u00a0\u00bb]<a href=\" https:\/\/en.wikipedia.org\/wiki\/Tokenization_(data_security)\"><strong> Tokenization <\/strong><\/a>[\/tm_heading][tm_spacer size=\u00a0\u00bblg:35&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb align=\u00a0\u00bbcenter\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#1e4445&Prime; font_size=\u00a0\u00bblg:18&Prime;]How can these two technologies revolutionize real estate investment?[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Smart contracts are automated ones that function like an ATM. Contracts will only perform the task if the previous one has been performed first. These contracts make it possible to overcome several of the constraints mentioned above:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_list list_style=\u00a0\u00bbicon\u00a0\u00bb marker_color=\u00a0\u00bbprimary\u00a0\u00bb title_color=\u00a0\u00bbcustom\u00a0\u00bb custom_title_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb columns=\u00a0\u00bbxs:1;lg:1&Prime; items=\u00a0\u00bb%5B%7B%22item_title%22%3A%22They%20allow%20the%20elimination%20of%20all%20intermediaries%20in%20the%20process.%20Without%20these%20intermediaries%2C%20significant%20savings%20can%20be%20realized.%20No%20more%20costs%20for%20lawyers%2C%20brokers%2C%20banks%2C%20when%20we%20know%20that%20those%20can%20reach%205%25%20of%20the%20investment.%22%2C%22icon%22%3A%22far%20fa-hand-holding-usd%22%7D%2C%7B%22item_title%22%3A%22They%20save%20a%20considerable%20amount%20of%20time%20thanks%20to%20process%20automation.%20Because%20of%20the%20large%20number%20of%20intermediaries%2C%20real%20estate%20transactions%20take%20time%2C%20by%20removing%20them%20via%20the%20blockchain%20technology%2C%20many%20procedures%20are%20reduced%20and%20a%20smoother%20and%20faster%20contract%20management%20process%20speeds%20up%20transactions.%20The%20time%20saved%20can%20be%20accounted%20in%20months.%22%2C%22icon%22%3A%22far%20fa-business-time%22%7D%2C%7B%22item_title%22%3A%22They%20allow%20total%20transparency.%20It%20is%20true%20that%20once%20in%20the%20blockchain%2C%20contracts%20cannot%20be%20modified%2C%20therefore%20cannot%20be%20falsified.%20This%20transparency%20therefore%20makes%20it%20possible%20to%20avoid%20potential%20payment%20disputes%2C%20the%20risk%20of%20fraud%22%2C%22icon%22%3A%22far%20fa-lock%22%7D%5D\u00a0\u00bb heading_font_size=\u00a0\u00bblg:16&Prime;][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Let&rsquo;s move on to tokenization. You may not be familiar with this term, but like smart contracts, it plays an important role in the technological development of the real estate sector. These are simple numerical representations of assets, a value or a function in the real world, in the form of tokens. We distinguish two types of tokens such as payments coins, i.e cryptocurrencies like bitcoins or <a href=\" https:\/\/ethereum.org\/\"> Ethereum <\/a> and utility tokens.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The interest of the blockchain here is that it helps tokenizing real-world assets. Its advantages include:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_list list_style=\u00a0\u00bbicon\u00a0\u00bb marker_color=\u00a0\u00bbprimary\u00a0\u00bb title_color=\u00a0\u00bbcustom\u00a0\u00bb custom_title_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb columns=\u00a0\u00bbxs:1;lg:1&Prime; items=\u00a0\u00bb%5B%7B%22item_title%22%3A%22Reducing%20entry%20barriers.%20With%20fractional%20property%2C%20it%20is%20now%20possible%20to%20acquire%20only%20part%20of%20a%20real%20estate%20asset.%20It%20is%20no%20longer%20necessary%20to%20take%20out%20a%20loan%20to%20buy%20an%20expensive%20asset%2C%20so%20real%20estate%20investment%20is%20not%20just%20for%20the%20rich%20anymore.%22%2C%22icon%22%3A%22far%20fa-building%22%7D%2C%7B%22item_title%22%3A%22They%20save%20a%20considerable%20amount%20of%20time%20thanks%20to%20process%20automation.%20Because%20of%20the%20large%20number%20of%20intermediaries%2C%20real%20estate%20transactions%20take%20time%2C%20by%20removing%20them%20via%20the%20blockchain%20technology%2C%20many%20procedures%20are%20reduced%20and%20a%20smoother%20and%20faster%20contract%20management%20process%20speeds%20up%20transactions.%20The%20time%20saved%20can%20be%20accounted%20in%20months.%22%2C%22icon%22%3A%22far%20fa-alarm-clock%22%7D%2C%7B%22item_title%22%3A%22They%20allow%20total%20transparency.%20It%20is%20true%20that%20once%20in%20the%20blockchain%2C%20contracts%20cannot%20be%20modified%2C%20therefore%20cannot%20be%20falsified.%20This%20transparency%20therefore%20makes%20it%20possible%20to%20avoid%20potential%20payment%20disputes%2C%20the%20risk%20of%20fraud%22%2C%22icon%22%3A%22far%20fa-file-certificate%22%7D%5D\u00a0\u00bb heading_font_size=\u00a0\u00bblg:16&Prime;][tm_spacer size=\u00a0\u00bblg:35&Prime;][\/vc_column][\/vc_row]","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][tm_spacer size=\u00a0\u00bblg:35&Prime;][tm_heading custom_google_font=\u00a0\u00bb\u00a0\u00bb font_decoration=\u00a0\u00bbunderline\u00a0\u00bb font_size=\u00a0\u00bblg:28&Prime;]REAL ESTATE, A MARKET THAT NEEDS TO EVOLVE[\/tm_heading][tm_spacer size=\u00a0\u00bblg:22&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Today real estate appears to be the largest asset class in the world. This market is extremely powerful being valued. at $217 trillion [\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The blockchain technology is constantly being introduced everywhere, and the real estate sector make no exception. It has recently been adopted because of the huge opportunity to transform the real estate industry and to respond to the constraints of the sector.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The real estate industry is doing well but is experiencing several problems slowing down its activity. Barriers to entry are very high, being the entry cost, the lack of transparency, the high costs, the lack of liquidity and the speed of transaction are all factors that disrupt the optimization of the sector.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]In its simplest form, blockchain is a distributed database. By recording and combining transactions into a de-centralized, secure ledger system, it creates a \u201cchain\u201d of chronological data that no party has control of. The value lies in the system\u2019s ability to authenticate and track transactions in real time without the use of a third party, such as a bank.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:32&Prime;][tm_heading tag=\u00a0\u00bbh4&Prime; custom_google_font=\u00a0\u00bb\u00a0\u00bb font_decoration=\u00a0\u00bbunderline\u00a0\u00bb font_size=\u00a0\u00bblg:28&Prime;]THE ROLE OF SMART CONTRACTS AND TOKENIZATION [\/tm_heading][tm_spacer size=\u00a0\u00bblg:28&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]In particular, the blockchain introduces two services into the real estate ecosystem:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb icon_type=\u00a0\u00bbfontawesome5&Prime; icon_fontawesome5=\u00a0\u00bbfar fa-lightbulb-dollar\u00a0\u00bb icon_color=\u00a0\u00bbprimary\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime; custom_css=\u00a0\u00bbJTA5cG9zaXRpb24lM0FyZWxhdGl2ZSUzQiUwQSUwOXRvcCUzQS01cHglM0I=\u00a0\u00bb] Smart Contracts [\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb icon_type=\u00a0\u00bbfontawesome5&Prime; icon_fontawesome5=\u00a0\u00bbfar fa-coins\u00a0\u00bb icon_color=\u00a0\u00bbprimary\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime; custom_css=\u00a0\u00bbJTA5cG9zaXRpb24lM0FyZWxhdGl2ZSUzQiUwQSUwOXRvcCUzQS01cHglM0I=\u00a0\u00bb] Tokenization [\/tm_heading][tm_spacer size=\u00a0\u00bblg:35&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb align=\u00a0\u00bbcenter\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#1e4445&Prime; font_size=\u00a0\u00bblg:18&Prime;]How can these two technologies revolutionize real estate investment?[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Smart contracts are automated ones that function like an ATM. Contracts will only perform the task if the previous one has been performed first. These contracts make it possible to overcome several of the constraints mentioned above:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_list list_style=\u00a0\u00bbicon\u00a0\u00bb marker_color=\u00a0\u00bbprimary\u00a0\u00bb title_color=\u00a0\u00bbcustom\u00a0\u00bb custom_title_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb columns=\u00a0\u00bbxs:1;lg:1&Prime; items=\u00a0\u00bb%5B%7B%22item_title%22%3A%22They%20allow%20the%20elimination%20of%20all%20intermediaries%20in%20the%20process.%20Without%20these%20intermediaries%2C%20significant%20savings%20can%20be%20realized.%20No%20more%20costs%20for%20lawyers%2C%20brokers%2C%20banks%2C%20when%20we%20know%20that%20those%20can%20reach%205%25%20of%20the%20investment.%22%2C%22icon%22%3A%22far%20fa-hand-holding-usd%22%7D%2C%7B%22item_title%22%3A%22They%20save%20a%20considerable%20amount%20of%20time%20thanks%20to%20process%20automation.%20Because%20of%20the%20large%20number%20of%20intermediaries%2C%20real%20estate%20transactions%20take%20time%2C%20by%20removing%20them%20via%20the%20blockchain%20technology%2C%20many%20procedures%20are%20reduced%20and%20a%20smoother%20and%20faster%20contract%20management%20process%20speeds%20up%20transactions.%20The%20time%20saved%20can%20be%20accounted%20in%20months.%22%2C%22icon%22%3A%22far%20fa-business-time%22%7D%2C%7B%22item_title%22%3A%22They%20allow%20total%20transparency.%20It%20is%20true%20that%20once%20in%20the%20blockchain%2C%20contracts%20cannot%20be%20modified%2C%20therefore%20cannot%20be%20falsified.%20This%20transparency%20therefore%20makes%20it%20possible%20to%20avoid%20potential%20payment%20disputes%2C%20the%20risk%20of%20fraud%22%2C%22icon%22%3A%22far%20fa-lock%22%7D%5D\u00a0\u00bb heading_font_size=\u00a0\u00bblg:16&Prime;][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Let&rsquo;s move on to tokenization. You may not be familiar with this term, but like smart contracts, it plays an important role in the technological development of the real estate sector. These are simple numerical representations of assets, a value or a function in the real world, in the form of tokens. We distinguish two types of tokens such as payments coins, i.e cryptocurrencies like bitcoins or Ethereum and utility tokens.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The interest of the blockchain here is that it helps tokenizing real-world assets. Its advantages include:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_list list_style=\u00a0\u00bbicon\u00a0\u00bb marker_color=\u00a0\u00bbprimary\u00a0\u00bb title_color=\u00a0\u00bbcustom\u00a0\u00bb custom_title_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb columns=\u00a0\u00bbxs:1;lg:1&Prime; items=\u00a0\u00bb%5B%7B%22item_title%22%3A%22Reducing%20entry%20barriers.%20With%20fractional%20property%2C%20it%20is%20now%20possible%20to%20acquire%20only%20part%20of%20a%20real%20estate%20asset.%20It%20is%20no%20longer%20necessary%20to%20take%20out%20a%20loan%20to%20buy%20an%20expensive%20asset%2C%20so%20real%20estate%20investment%20is%20not%20just%20for%20the%20rich%20anymore.%22%2C%22icon%22%3A%22far%20fa-building%22%7D%2C%7B%22item_title%22%3A%22They%20save%20a%20considerable%20amount%20of%20time%20thanks%20to%20process%20automation.%20Because%20of%20the%20large%20number%20of%20intermediaries%2C%20real%20estate%20transactions%20take%20time%2C%20by%20removing%20them%20via%20the%20blockchain%20technology%2C%20many%20procedures%20are%20reduced%20and%20a%20smoother%20and%20faster%20contract%20management%20process%20speeds%20up%20transactions.%20The%20time%20saved%20can%20be%20accounted%20in%20months.%22%2C%22icon%22%3A%22far%20fa-alarm-clock%22%7D%2C%7B%22item_title%22%3A%22They%20allow%20total%20transparency.%20It%20is%20true%20that%20once%20in%20the%20blockchain%2C%20contracts%20cannot%20be%20modified%2C%20therefore%20cannot%20be%20falsified.%20This%20transparency%20therefore%20makes%20it%20possible%20to%20avoid%20potential%20payment%20disputes%2C%20the%20risk%20of%20fraud%22%2C%22icon%22%3A%22far%20fa-file-certificate%22%7D%5D\u00a0\u00bb heading_font_size=\u00a0\u00bblg:16&Prime;][tm_spacer size=\u00a0\u00bblg:35&Prime;][\/vc_column][\/vc_row]<\/p>\n","protected":false},"author":1,"featured_media":4613,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[52,17,57],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>REAL ESTATE, BETWEEN TRADITION AND INNOVATION - Novahub Center<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/novahubcenter.com\/es\/real-estate-between-tradition-and-innovation\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REAL ESTATE, BETWEEN TRADITION AND INNOVATION - Novahub Center\" \/>\n<meta property=\"og:description\" content=\"[vc_row][vc_column][tm_spacer size=\u00a0\u00bblg:35&Prime;][tm_heading custom_google_font=\u00a0\u00bb\u00a0\u00bb font_decoration=\u00a0\u00bbunderline\u00a0\u00bb font_size=\u00a0\u00bblg:28&Prime;]REAL ESTATE, A MARKET THAT NEEDS TO EVOLVE[\/tm_heading][tm_spacer size=\u00a0\u00bblg:22&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Today real estate appears to be the largest asset class in the world. This market is extremely powerful being valued. at $217 trillion [\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The blockchain technology is constantly being introduced everywhere, and the real estate sector make no exception. It has recently been adopted because of the huge opportunity to transform the real estate industry and to respond to the constraints of the sector.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The real estate industry is doing well but is experiencing several problems slowing down its activity. Barriers to entry are very high, being the entry cost, the lack of transparency, the high costs, the lack of liquidity and the speed of transaction are all factors that disrupt the optimization of the sector.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]In its simplest form, blockchain is a distributed database. By recording and combining transactions into a de-centralized, secure ledger system, it creates a \u201cchain\u201d of chronological data that no party has control of. The value lies in the system\u2019s ability to authenticate and track transactions in real time without the use of a third party, such as a bank.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:32&Prime;][tm_heading tag=\u00a0\u00bbh4&Prime; custom_google_font=\u00a0\u00bb\u00a0\u00bb font_decoration=\u00a0\u00bbunderline\u00a0\u00bb font_size=\u00a0\u00bblg:28&Prime;]THE ROLE OF SMART CONTRACTS AND TOKENIZATION [\/tm_heading][tm_spacer size=\u00a0\u00bblg:28&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]In particular, the blockchain introduces two services into the real estate ecosystem:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb icon_type=\u00a0\u00bbfontawesome5&Prime; icon_fontawesome5=\u00a0\u00bbfar fa-lightbulb-dollar\u00a0\u00bb icon_color=\u00a0\u00bbprimary\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime; custom_css=\u00a0\u00bbJTA5cG9zaXRpb24lM0FyZWxhdGl2ZSUzQiUwQSUwOXRvcCUzQS01cHglM0I=\u00a0\u00bb] Smart Contracts [\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb icon_type=\u00a0\u00bbfontawesome5&Prime; icon_fontawesome5=\u00a0\u00bbfar fa-coins\u00a0\u00bb icon_color=\u00a0\u00bbprimary\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime; custom_css=\u00a0\u00bbJTA5cG9zaXRpb24lM0FyZWxhdGl2ZSUzQiUwQSUwOXRvcCUzQS01cHglM0I=\u00a0\u00bb] Tokenization [\/tm_heading][tm_spacer size=\u00a0\u00bblg:35&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb align=\u00a0\u00bbcenter\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#1e4445&Prime; font_size=\u00a0\u00bblg:18&Prime;]How can these two technologies revolutionize real estate investment?[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Smart contracts are automated ones that function like an ATM. Contracts will only perform the task if the previous one has been performed first. These contracts make it possible to overcome several of the constraints mentioned above:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_list list_style=\u00a0\u00bbicon\u00a0\u00bb marker_color=\u00a0\u00bbprimary\u00a0\u00bb title_color=\u00a0\u00bbcustom\u00a0\u00bb custom_title_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb columns=\u00a0\u00bbxs:1;lg:1&Prime; items=\u00a0\u00bb%5B%7B%22item_title%22%3A%22They%20allow%20the%20elimination%20of%20all%20intermediaries%20in%20the%20process.%20Without%20these%20intermediaries%2C%20significant%20savings%20can%20be%20realized.%20No%20more%20costs%20for%20lawyers%2C%20brokers%2C%20banks%2C%20when%20we%20know%20that%20those%20can%20reach%205%25%20of%20the%20investment.%22%2C%22icon%22%3A%22far%20fa-hand-holding-usd%22%7D%2C%7B%22item_title%22%3A%22They%20save%20a%20considerable%20amount%20of%20time%20thanks%20to%20process%20automation.%20Because%20of%20the%20large%20number%20of%20intermediaries%2C%20real%20estate%20transactions%20take%20time%2C%20by%20removing%20them%20via%20the%20blockchain%20technology%2C%20many%20procedures%20are%20reduced%20and%20a%20smoother%20and%20faster%20contract%20management%20process%20speeds%20up%20transactions.%20The%20time%20saved%20can%20be%20accounted%20in%20months.%22%2C%22icon%22%3A%22far%20fa-business-time%22%7D%2C%7B%22item_title%22%3A%22They%20allow%20total%20transparency.%20It%20is%20true%20that%20once%20in%20the%20blockchain%2C%20contracts%20cannot%20be%20modified%2C%20therefore%20cannot%20be%20falsified.%20This%20transparency%20therefore%20makes%20it%20possible%20to%20avoid%20potential%20payment%20disputes%2C%20the%20risk%20of%20fraud%22%2C%22icon%22%3A%22far%20fa-lock%22%7D%5D\u00a0\u00bb heading_font_size=\u00a0\u00bblg:16&Prime;][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Let&rsquo;s move on to tokenization. You may not be familiar with this term, but like smart contracts, it plays an important role in the technological development of the real estate sector. These are simple numerical representations of assets, a value or a function in the real world, in the form of tokens. We distinguish two types of tokens such as payments coins, i.e cryptocurrencies like bitcoins or Ethereum and utility tokens.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The interest of the blockchain here is that it helps tokenizing real-world assets. Its advantages include:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_list list_style=\u00a0\u00bbicon\u00a0\u00bb marker_color=\u00a0\u00bbprimary\u00a0\u00bb title_color=\u00a0\u00bbcustom\u00a0\u00bb custom_title_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb columns=\u00a0\u00bbxs:1;lg:1&Prime; items=\u00a0\u00bb%5B%7B%22item_title%22%3A%22Reducing%20entry%20barriers.%20With%20fractional%20property%2C%20it%20is%20now%20possible%20to%20acquire%20only%20part%20of%20a%20real%20estate%20asset.%20It%20is%20no%20longer%20necessary%20to%20take%20out%20a%20loan%20to%20buy%20an%20expensive%20asset%2C%20so%20real%20estate%20investment%20is%20not%20just%20for%20the%20rich%20anymore.%22%2C%22icon%22%3A%22far%20fa-building%22%7D%2C%7B%22item_title%22%3A%22They%20save%20a%20considerable%20amount%20of%20time%20thanks%20to%20process%20automation.%20Because%20of%20the%20large%20number%20of%20intermediaries%2C%20real%20estate%20transactions%20take%20time%2C%20by%20removing%20them%20via%20the%20blockchain%20technology%2C%20many%20procedures%20are%20reduced%20and%20a%20smoother%20and%20faster%20contract%20management%20process%20speeds%20up%20transactions.%20The%20time%20saved%20can%20be%20accounted%20in%20months.%22%2C%22icon%22%3A%22far%20fa-alarm-clock%22%7D%2C%7B%22item_title%22%3A%22They%20allow%20total%20transparency.%20It%20is%20true%20that%20once%20in%20the%20blockchain%2C%20contracts%20cannot%20be%20modified%2C%20therefore%20cannot%20be%20falsified.%20This%20transparency%20therefore%20makes%20it%20possible%20to%20avoid%20potential%20payment%20disputes%2C%20the%20risk%20of%20fraud%22%2C%22icon%22%3A%22far%20fa-file-certificate%22%7D%5D\u00a0\u00bb heading_font_size=\u00a0\u00bblg:16&Prime;][tm_spacer size=\u00a0\u00bblg:35&Prime;][\/vc_column][\/vc_row]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/novahubcenter.com\/es\/real-estate-between-tradition-and-innovation\" \/>\n<meta property=\"og:site_name\" content=\"Novahub Center\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-20T22:46:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-02T20:06:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/novahubcenter.com\/wp-content\/uploads\/2020\/02\/patrick-tomasso-gMes5dNykus-unsplash-e1582239100770.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"550\" \/>\n\t<meta property=\"og:image:height\" content=\"413\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Novahub\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u00c9crit par\" \/>\n\t<meta name=\"twitter:data1\" content=\"Novahub\" \/>\n\t<meta name=\"twitter:label2\" content=\"Dur\u00e9e de lecture estim\u00e9e\" \/>\n\t<meta name=\"twitter:data2\" content=\"19 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/novahubcenter.com\/es\/real-estate-between-tradition-and-innovation\",\"url\":\"https:\/\/novahubcenter.com\/es\/real-estate-between-tradition-and-innovation\",\"name\":\"REAL ESTATE, BETWEEN TRADITION AND INNOVATION - 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Novahub Center","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/novahubcenter.com\/es\/real-estate-between-tradition-and-innovation","og_locale":"fr_FR","og_type":"article","og_title":"REAL ESTATE, BETWEEN TRADITION AND INNOVATION - Novahub Center","og_description":"[vc_row][vc_column][tm_spacer size=\u00a0\u00bblg:35&Prime;][tm_heading custom_google_font=\u00a0\u00bb\u00a0\u00bb font_decoration=\u00a0\u00bbunderline\u00a0\u00bb font_size=\u00a0\u00bblg:28&Prime;]REAL ESTATE, A MARKET THAT NEEDS TO EVOLVE[\/tm_heading][tm_spacer size=\u00a0\u00bblg:22&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Today real estate appears to be the largest asset class in the world. This market is extremely powerful being valued. at $217 trillion [\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The blockchain technology is constantly being introduced everywhere, and the real estate sector make no exception. It has recently been adopted because of the huge opportunity to transform the real estate industry and to respond to the constraints of the sector.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The real estate industry is doing well but is experiencing several problems slowing down its activity. Barriers to entry are very high, being the entry cost, the lack of transparency, the high costs, the lack of liquidity and the speed of transaction are all factors that disrupt the optimization of the sector.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]In its simplest form, blockchain is a distributed database. By recording and combining transactions into a de-centralized, secure ledger system, it creates a \u201cchain\u201d of chronological data that no party has control of. The value lies in the system\u2019s ability to authenticate and track transactions in real time without the use of a third party, such as a bank.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:32&Prime;][tm_heading tag=\u00a0\u00bbh4&Prime; custom_google_font=\u00a0\u00bb\u00a0\u00bb font_decoration=\u00a0\u00bbunderline\u00a0\u00bb font_size=\u00a0\u00bblg:28&Prime;]THE ROLE OF SMART CONTRACTS AND TOKENIZATION [\/tm_heading][tm_spacer size=\u00a0\u00bblg:28&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]In particular, the blockchain introduces two services into the real estate ecosystem:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb icon_type=\u00a0\u00bbfontawesome5&Prime; icon_fontawesome5=\u00a0\u00bbfar fa-lightbulb-dollar\u00a0\u00bb icon_color=\u00a0\u00bbprimary\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime; custom_css=\u00a0\u00bbJTA5cG9zaXRpb24lM0FyZWxhdGl2ZSUzQiUwQSUwOXRvcCUzQS01cHglM0I=\u00a0\u00bb] Smart Contracts [\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb icon_type=\u00a0\u00bbfontawesome5&Prime; icon_fontawesome5=\u00a0\u00bbfar fa-coins\u00a0\u00bb icon_color=\u00a0\u00bbprimary\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime; custom_css=\u00a0\u00bbJTA5cG9zaXRpb24lM0FyZWxhdGl2ZSUzQiUwQSUwOXRvcCUzQS01cHglM0I=\u00a0\u00bb] Tokenization [\/tm_heading][tm_spacer size=\u00a0\u00bblg:35&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb align=\u00a0\u00bbcenter\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#1e4445&Prime; font_size=\u00a0\u00bblg:18&Prime;]How can these two technologies revolutionize real estate investment?[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Smart contracts are automated ones that function like an ATM. Contracts will only perform the task if the previous one has been performed first. These contracts make it possible to overcome several of the constraints mentioned above:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_list list_style=\u00a0\u00bbicon\u00a0\u00bb marker_color=\u00a0\u00bbprimary\u00a0\u00bb title_color=\u00a0\u00bbcustom\u00a0\u00bb custom_title_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb columns=\u00a0\u00bbxs:1;lg:1&Prime; items=\u00a0\u00bb%5B%7B%22item_title%22%3A%22They%20allow%20the%20elimination%20of%20all%20intermediaries%20in%20the%20process.%20Without%20these%20intermediaries%2C%20significant%20savings%20can%20be%20realized.%20No%20more%20costs%20for%20lawyers%2C%20brokers%2C%20banks%2C%20when%20we%20know%20that%20those%20can%20reach%205%25%20of%20the%20investment.%22%2C%22icon%22%3A%22far%20fa-hand-holding-usd%22%7D%2C%7B%22item_title%22%3A%22They%20save%20a%20considerable%20amount%20of%20time%20thanks%20to%20process%20automation.%20Because%20of%20the%20large%20number%20of%20intermediaries%2C%20real%20estate%20transactions%20take%20time%2C%20by%20removing%20them%20via%20the%20blockchain%20technology%2C%20many%20procedures%20are%20reduced%20and%20a%20smoother%20and%20faster%20contract%20management%20process%20speeds%20up%20transactions.%20The%20time%20saved%20can%20be%20accounted%20in%20months.%22%2C%22icon%22%3A%22far%20fa-business-time%22%7D%2C%7B%22item_title%22%3A%22They%20allow%20total%20transparency.%20It%20is%20true%20that%20once%20in%20the%20blockchain%2C%20contracts%20cannot%20be%20modified%2C%20therefore%20cannot%20be%20falsified.%20This%20transparency%20therefore%20makes%20it%20possible%20to%20avoid%20potential%20payment%20disputes%2C%20the%20risk%20of%20fraud%22%2C%22icon%22%3A%22far%20fa-lock%22%7D%5D\u00a0\u00bb heading_font_size=\u00a0\u00bblg:16&Prime;][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]Let&rsquo;s move on to tokenization. You may not be familiar with this term, but like smart contracts, it plays an important role in the technological development of the real estate sector. These are simple numerical representations of assets, a value or a function in the real world, in the form of tokens. We distinguish two types of tokens such as payments coins, i.e cryptocurrencies like bitcoins or Ethereum and utility tokens.[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_heading tag=\u00a0\u00bbdiv\u00a0\u00bb custom_google_font=\u00a0\u00bb\u00a0\u00bb google_fonts=\u00a0\u00bbfont_family:Poppins%3A300%2Cregular%2C500%2C600%2C700|font_style:400%20regular%3A400%3Anormal\u00a0\u00bb text_color=\u00a0\u00bbcustom\u00a0\u00bb custom_text_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb font_size=\u00a0\u00bblg:16&Prime;]The interest of the blockchain here is that it helps tokenizing real-world assets. Its advantages include:[\/tm_heading][tm_spacer size=\u00a0\u00bblg:16&Prime;][tm_list list_style=\u00a0\u00bbicon\u00a0\u00bb marker_color=\u00a0\u00bbprimary\u00a0\u00bb title_color=\u00a0\u00bbcustom\u00a0\u00bb custom_title_color=\u00a0\u00bb#4e4e4e\u00a0\u00bb columns=\u00a0\u00bbxs:1;lg:1&Prime; items=\u00a0\u00bb%5B%7B%22item_title%22%3A%22Reducing%20entry%20barriers.%20With%20fractional%20property%2C%20it%20is%20now%20possible%20to%20acquire%20only%20part%20of%20a%20real%20estate%20asset.%20It%20is%20no%20longer%20necessary%20to%20take%20out%20a%20loan%20to%20buy%20an%20expensive%20asset%2C%20so%20real%20estate%20investment%20is%20not%20just%20for%20the%20rich%20anymore.%22%2C%22icon%22%3A%22far%20fa-building%22%7D%2C%7B%22item_title%22%3A%22They%20save%20a%20considerable%20amount%20of%20time%20thanks%20to%20process%20automation.%20Because%20of%20the%20large%20number%20of%20intermediaries%2C%20real%20estate%20transactions%20take%20time%2C%20by%20removing%20them%20via%20the%20blockchain%20technology%2C%20many%20procedures%20are%20reduced%20and%20a%20smoother%20and%20faster%20contract%20management%20process%20speeds%20up%20transactions.%20The%20time%20saved%20can%20be%20accounted%20in%20months.%22%2C%22icon%22%3A%22far%20fa-alarm-clock%22%7D%2C%7B%22item_title%22%3A%22They%20allow%20total%20transparency.%20It%20is%20true%20that%20once%20in%20the%20blockchain%2C%20contracts%20cannot%20be%20modified%2C%20therefore%20cannot%20be%20falsified.%20This%20transparency%20therefore%20makes%20it%20possible%20to%20avoid%20potential%20payment%20disputes%2C%20the%20risk%20of%20fraud%22%2C%22icon%22%3A%22far%20fa-file-certificate%22%7D%5D\u00a0\u00bb heading_font_size=\u00a0\u00bblg:16&Prime;][tm_spacer size=\u00a0\u00bblg:35&Prime;][\/vc_column][\/vc_row]","og_url":"https:\/\/novahubcenter.com\/es\/real-estate-between-tradition-and-innovation","og_site_name":"Novahub Center","article_published_time":"2020-02-20T22:46:33+00:00","article_modified_time":"2020-03-02T20:06:12+00:00","og_image":[{"width":550,"height":413,"url":"https:\/\/novahubcenter.com\/wp-content\/uploads\/2020\/02\/patrick-tomasso-gMes5dNykus-unsplash-e1582239100770.jpg","type":"image\/jpeg"}],"author":"Novahub","twitter_card":"summary_large_image","twitter_misc":{"\u00c9crit par":"Novahub","Dur\u00e9e de lecture estim\u00e9e":"19 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/novahubcenter.com\/es\/real-estate-between-tradition-and-innovation","url":"https:\/\/novahubcenter.com\/es\/real-estate-between-tradition-and-innovation","name":"REAL ESTATE, BETWEEN TRADITION AND INNOVATION - 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