The entire process of investing in Real Estate it’s quite cumbersome and sometimes even inefficient. With all the technology out there, there’s something new that can fix some of those inefficiencies. If you want to find out more about how you can resolve that, keep reading this article because you will find some answers.
There’s a technology out there based on blockchain that promises to resolve all the problems that we’re having nowadays with real estate investment, and also facilitates a greater entry point for those smaller investors who are trying to get into the field for the first time.
Cryptocurrency: What is ATLANT?
We are going to analyze ATLANT using coinmarketcap.com. When you search for ATLANT in that website, you will be able to see the ranking and anything you need to know about the coin in terms of supply or circulation. You’ll see the historical data and the wallets that you can use to store the coin.
Accenture, Forbes and BlockchainNews have been talking about this particular platform and what it seeks to resolve in the world of real estate.
In one article, they mention that a blockchain platform, ATLANT, seeks to be the holy grail of real estate through tokenization.
What is tokenization?
Tokenization is the process of turning sensitive data into nonsensitive data (called tokens) that can be used in a database or internal systems.
Every time you type in a password, you don’t see the word or the numbers, you only see little dots that are keeping your passwords secret in case you have other people overlooking your shoulder and trying to guess what your password is. This is a similar process.
There are a lot of scammers out there, especially scammers who are partnering up with influencers to make people invest in a particular coin.
“The global real estate market is estimated at $217 trillion. Blockchain services for transactions in this area are developed by the world’s largest financial corporations, and IT companies. Russian banks are also not lagging behind promising to introduce technology in services for buying real estate on a mortgage, which will help to significantly reduce the number of personnel serving these operations, increasing the speed and reliability of registration of rights.
Goldman Sachs predicted in 2016 that “blockchain will increase efficiency in real estate and reduce costs while reducing the traditional high transaction costs for this industry.”
For those who have purchased real estate by now, you do know that real estate is extremely inefficient. Not only does it take forever to close on a property, there are a lot of things to take care of. You have to pay for an appraisal to be done, then you have to wait for the appraisal to be back, then there is an underwriter that is involved. That is a process that is extremely manual.
You’re at the mercy of the person who’s reviewing your documents, and they might not necessarily be the most well educated on the subject. That can turn into a process that could potentially be done in less than a month. Depending on the situation, whether you’re in a pandemic or whether your documents are incomplete, it can take more than 30 days, sometimes even 90 days just to get things closed.
Founder of the real estate tokenization platform, Yulian Svirsky, is a former trader, an analyst who worked for 15 years in investment banks and hedge funds, proposed a solution that allows using blockchain to significantly reduce the cost of renting, buying, and selling real estate.
Anonymity is also very important in real estate, because you definitely don’t want your name attached to the asset, because if for whatever reason, somebody falls in front of the house, or somebody decides to sue you, you don’t want your name tied to that particular property.
You want to be protected through some legal entity who detaches you from the ownership of the property, but also ensures that you still hold the ownership rights to that particular property.
In 2017, ATLANT announced their presale. The technology in itself is actually up and running. It is already out. They already have a product.
A next generation blockchain platform
ATLANT announced its next-generation global real estate platform based on blockchain technology. The core features of the ATLANT platform provides revolutionary capabilities in terms of security, efficiency, and profitability in the global real estate market.
The founder adds: “ATLANT’s blockchain platform provides a secure, tamper-proof system, enabling platform users to trade parcels of property without traditionally prohibitive costs and inefficiencies. Its Peer-to-Peer,” meaning person-to-person, “transaction features will allow users to bypass intermediaries in rental deals, which will enhance ease-of-use and security for guests and hosts alike, improving user experience, reducing costs, and driving accelerated adoption.”
Real estate is the largest asset class in the world and is one of the least efficient. ATLANT’s aim is to empower the $217 trillion global real estate market (with a 2017 estimated volume of 1.4 trillion) to have more secure, transparent, and liquid ways to invest and trade. This will not only create more profit through expediting transactions at lower total cost, but will also expand the size of the market by allowing smaller-scale participants.
The ATLANT platform will enable subdivisions of individual parcels of real estate by tokenization, and ATLANT will subsequently list them on exchanges via Property Token Offering (PTO), starting with decentralized ADEX exchange, based on Ethereum smart contracts.
A solution for the Real Estate market – Blockchain Technology
ATLANT launched a secure, lower cost, more efficient, and profitable solution for the $217 trillion global real estate market. The company claims their solution will offer the most efficient solution for buying and selling tokenized property units, eliminating high barriers to entry, and expensive attorneys.
Attorneys are expensive. They’re trying to eliminate expensive attorney fees, inflated rental intermediaries fees, and fake reviews. The core features of the ATLANT platform provide revolutionary capabilities in terms of security, efficiency, and profitability in the global real estate market.
Real estate prices are racing: Can blockchain help you get in?
Rising house prices and rising commercial leases sounds like a good time to get in the market. However, there are some substantial issues to consider.
1. First, investors should be careful when purchasing new properties internationally. While much of the real estate market is shaping up nicely for foreign properties, making certain that you have the right legal protections in place and can be far more difficult overseas.
2. Second, investment in real estate does not always have to be an all-in or nothing position. One option for investors is a Real Estate Investment Trust, commonly called “REIT”. A REIT is a company that owns income producing real estate. The company is sold via shares to investors who then own a partial stake in the real estate assets of the company. They already have another product that covers this type of the market.
Invest in the technology
Do you think ATLANT can fulfill what’s promising? They do have three different products in the market. Although their coin has been maxed out, they do aim to resolve the problems highlighted thus far.
When investig in crypto, you’re not really investing in the coin in itself, you’re investing in the technology. What makes it a good technology is if the technology is solving a problem. This particular case is looking to solve a lot of the issues that are involved with investing in real estate.
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