With almost everything currently going digital, the real estate market will not be an exception to this technological shift. The Instant Assets Tokens (IAT) will revolutionize the industry as the first real estate tokenization project in the Philippines which has the potential in making real estate investments easier and more accessible for everyone.
It will allow property owners to increase liquidity using the blockchain platform that eradicates traditional barriers. This will also provide a great deal of transparency and immutability to the real estate through the tokenization.
Also, it is important to understand where we are standing as per the PropTech innovation map and the World Economic Forum classified the PropTech sector into three major categories:
- PropTech 1.0: Growth of online listing sites back in 2007.
- PropTech 2.0: Use of data analytics and virtual reality to offer better and more specialised services for customers.
- PropTech 3.0: Experimentation with emerging technology such as drones, virtual reality tools, IoTs and blockchain which are observing in recent days.
Apart from all these, the IAT Team understands the current market revolutions and will be focusing on the trends in the current PropTech 3.0 ecosystem.