Economists and commentators have made much in recent years of the rise of the Asian tigers. The prediction that the balance of economic power is shifting eastwards is nothing new but most analysis tends to focus on a traditional view of trade where Asian nations compete on cheaper manufacture of consumer and electronic goods, having a tech-savvy workforce, cheap service skills and other areas where the region is winning out on price or knowledge. But when it comes to new technologies like blockchain, cryptocurrencies and other frontier technology, the challenge from the East has perhaps been underestimated.
Despite their past…
Real Estate Tokenization — the future of property investing?
What does blockchain technology have to do with property? The relationship between blockchain and real estate dates back to 2013 — only 4 years after the launch of the Bitcoin network — when the International Blockchain Real Estate Association was created. Four year later, in January 2017, the first property in California was sold using bitcoin. The buyer made an extra $1.3 million. While the property was valued at roughly $4million, the price of the cryptocurrency shot up after completion, making the purchaser a healthy 25% profit.
But blockchain and property…
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