Reinaldo Padron
Sep 3, 2018 · 2 min read

Great article, congratulations Elea Labs I believe that property DNA is a solution for non-institutional commercial real estate asset class , because is there where are much more problems with the accuracy of property data and if this is solved it will increase considerably the volumen of its transactions. However, I have some questions, how is the process of “minted” the data of the property into the blockchain? For example if I am the owner of this case study building, how will i contribute. the operational data (revenues, expenses,leases,etc..)to the blockchain and how the people will trust that I am contributing the real data? I am guessing I could use a property management software who centralized this information in an automated way but still , it can be manipulated or will property DNA offer a service management platform for commercial real estate with a native cryptocurrency required to be used as a medium of payments for revenues and opex? And if so, will all the users (tenants and service providers,mortgage bank, etc ) required to deal with crypto currencies?

On the other hand, the property data of a commercial property Is indispensable to value the property but additional external information is required to have a properly valuation. , for example similar project under construction in the area, absorption rates, inflation, and market knowledge in addition to the property DNA, and that part is required to be done by a profesional in the area.

Looking forward to hearing from you, Is so great the work you are doing. I subscribed to get news and updates from Elea.

Thank you