Jointer is Changing the Game by Bringing Artificial Intelligence to Commercial Real Estate
Blockchain technology initially came out with the advent of cryptocurrencies. It is the underlying technology that makes the operations of cryptocurrencies possible. It was not long until people discovered that the decentralized ledger system has far more applications than just powering a peer-to-peer payments processing system.
Blockchain technology has found its way into a lot of different industries, improving every sector, from finance to even commercial real estate. Of course, that doesn’t come without challenges of its own.
Challenges With Blockchain in Commercial Real Estate Industry
Although blockchain technology shows massive potential, it’s still a relatively new concept in the world. Issues like false claims, limited transparency, risk disclosure, and restrictive selling are a hindrance for full-blown adoption of blockchain technology into commercial real estate.
Jointer’s Solution to These Problems
It is clear that blockchain technology presents a lot of good changes but these problems needed to be addressed. This is where Jointer comes in. The platform that they have created is designed to solve the current issues in the industry while allowing the public to minimize their risks as real estate lenders and increase their returns like an owner. They reduce the risks and increase the returns through the indices instead of opting for single property investment. Of course, that makes the selection of the properties something that needs to be on point. Jointer capitalizes on artificial intelligence as a vital part of their due diligence.
Artificial Intelligence
While artificial intelligence has been around for a while, recent advances in technology have taken it to a whole new level. The jointer has taken advantage of improved artificial intelligence and incorporated it into their platform. This makes Jointer a more reliable and profitable avenue in the commercial real estate industry.
You see, Jointer’s program for sourcing opportunity allows users like real estate agents and management companies, etc., to recommend opportunities on the Jointer system. Users are compensated based on properties that are approved and successfully uploaded into the system.
The approval is where the artificial intelligence really proves its mettle for Jointer. Essentially, there are no properties that exist on Jointer’s platform without deep due diligence. Each of the properties goes through six levels of underwriting before they are approved. Artificial intelligence is the first and most important layer.
Jointer’s goal is to identify the best possible real estate opportunities (both with high returns and low risks). That’s what allows them to create the game-changing strong liquidity reserve so that they can support the payment of returns based on the indexes. It also allows Jointer to remain scalable even with high demand.
Jointer analyzes a huge number of properties using artificial intelligence in order to identify the best opportunities and investments. The machine learning system developed by Jointer can conduct a complete and comprehensive analysis of a property in a matter of seconds. By effectively removing the hours or even days spent on property analysis to determine its future valuation, Jointer has completely changed the way things work. All their system requires is a property’s street address. The machine learning algorithm that Jointer has integrated into its platform does the leg work. It’s as simple as that!
