A beneficial relationship for all – Money Times

A beneficial relationship for all – Money Times

A beneficial relationship for all – Money Times
Stimulus: Tokenization drives innovation in the Brazilian real estate market (Image: Pixabay / 652234)

By Marcelo Magalheis *

The Tokenization This is already a reality for many sectors and is slowly gaining ground in a traditional market, but at the same time lacks innovation and agility: Accommodation. With the first project Crypto resources This ecosystem is beginning to emerge, stimulating new business and potential for both the company and the customer.

However, contrary to what many people think about the issue Token Negotiations involving sales alone do not serve to accelerate Real estate on the floor. In contrast, what is observed here in Brazil is the potential for new uses of properties that are already owned and not for sale.

To understand how this works, it is necessary to first list some ideas. In the Brazilian market, the tokenization process, that is, the transformation Digital resources Some physical assets do not guarantee physical ownership of the property – there is a movement to create Control sign Which may make it possible in the future.

So, the tokens that get a place here are utility tokens, which also have financial value, but whose main purpose is to act as a gateway to various products and services of this ecosystem – which even includes features.

This difference is important because the token (still) does not grant ownership of a property in Brazil because it does not serve as the main currency of negotiation, it can be used as the right to use a particular house or apartment. NFT (Non-fungible token).

This means that, in reality, a given crypto-asset may give its holder the right to use a property within the rules established in the rules. Smart deal That each token carries with it. It’s almost like a short-term rent, but without the presence of intermediaries

This brings two essential advantages to the real estate market. The first of these, of course, is to move the entire sector, since passive properties can be used for a variety of purposes, creating revenue for their owners and benefits for those who provide access.

Tokenization stimulates innovation in the real estate market

The second and perhaps most important advantage is to create a culture that encourages innovation and provides new ways of doing business. By guaranteeing access to exclusive property for your vacation or weekend travel, individuals can see the value in tokens – which puts this asset in a prominent position in the organization’s strategy.

Imagine, for example, a beautiful apartment in Copacabana, Rio de Janeiro; The owner uses it two or three times a year. He can tokenize it and anyone who acquires this token is entitled to use it for a certain period of time. Or even an industrial warehouse that can tokenize part of its structure for other companies that want to use the space.

Even a farm or land that can tokenize your space for holding events – even includes other services. As you can see, the possibilities are endless.

Tokens serve a lot of functionality and various sectors have already noticed this feature. In the case of the real estate market, they represent a great opportunity to reduce bureaucracy in the sector and, of course, bring more agility and security to the business.

If property rights are still a vague issue in Brazilian law, then there is already space for this ecosystem to innovate and present all the benefits inherent in digital resources – including lazy property ownership. This is a new model where everyone has a lot to gain.

* Marcelo Magalhays CEO of Ribas, a blockchain integration platform that focuses on the real estate market.

Join our telegram!

Join the group Crypto Times In the telegram. You access news from CryptoWorld in real time and you can participate in community discussions. Join the Crypto Times Telegram Group now!

Leave a Comment

Your email address will not be published.