With its vast potential for lower costs, greater transparency and transaction speed, blockchain adoption in commercial real estate (CRE) is an exciting industry to be a part of.
Technology wise, the possibilities are endless. From upfront pre-lease due diligence, to fully automated property and cash flow management, we will see a lot of transformative and creative applications of blockchain across the industry in the years ahead. Deloitte, Colliers & JLL have already commissioned exciting reports into this space.
At AgentMile, we love the spirit of this trend and are thrilled to be able to contribute to it. As the world’s first decentralized CRE leasing platform powered by AI, we endeavour to create a whole new CRE experience for brokers, landlords and tenants —those who will benefit most from lower costs and access to crucial data in full view of all parties.
To make this happen, we’re leveraging tools from Omise, Asia’s leading online payment gateway; and OmiseGO, an Omise subsidiary building the fully public and decentralized OMG network for scalable financial operations on the blockchain. Omise and OMG will be leveraged in several key areas:
- developing a payment solution through Omise’s payment gateway for the AgentMile platform;
- building on the OMG decentralized financial network;
- joining the blockchain co-working space Neutrino which is part of the Omise community.
Creating a seamless payment solution for the CRE industry
A reliable and seamless payment solution which would power property and cash flow management in CRE is one of the building blocks of the upcoming wave of innovation in this sector.
That’s why we’re thrilled to be working with Omise to customize a payment solution tailored to the needs of the CRE industry.
The Omise payment gateway will be an important part of the AgentMile infrastructure. It has a number of benefits that we have prioritized for our project:
- optimized checkout;
- flexible and varying payment methods;
- works across all devices, mobile and desktop;
- automated workflow;
- social assistance.
All in all, it will empower commercial brokers, landlords and tenants to accept and process payments automatically and in real time, bypassing limitations associated with traditional banking.
Designing the public, decentralized network for the CRE industry
AgentMile will use the OMG Network secured by the Ethereum root chain to ensure transparent real-time transactions and execution of our Smart Contracts.
The OMG blockchain is powered by Plasma, a leading Ethereum Layer 2 scalability solution. This makes the entire architecture secure and efficient which is crucial for a multimillion dollar industry like CRE.
The OMG token, is currently the fifth highest market cap Ethereum project in the world and was the first Ethereum project to exceed USD $1 billion valuation.
A blockchain co-working space for ideas and innovation
We are also excited to be Joining the Neutrino community. Neutrino is a co-working space for developing blockchain projects of the future. We’re delighted to join this inspiring, collaborative, and productive environment to work on the next generation of software for the CRE industry.
Stay tuned for more
Working with OmiseGO integrating the OMG Network into the AgentMile platform is instrumental to designing a high-quality infrastructure for commercial brokers, landlords and tenants — and we’ve got even more great news coming out soon!
Discover more about the next wave innovation in commercial real estate by visiting our website: https://www.agentmile.com