Property, e.g. land and buildings, is a purely physical asset. Currently, there are many aspects to representing ownership of said property. The main tangible evidence of ownership is a deed. This deed generally is a physical piece of paper, although there are records of ownership throughout the databases of local government organizations and businesses that were used to acquire said property (real estate companies, banks, etc.). Keep in mind that each person who interacts with this process adds to cost of the process. Tokenizing real estate ownership represents a whole new realm of possibility for buyers, sellers, banks, investors, and renters.