T he fundamentals of the technology has evolved to persuade individuals from all industries that the technology has remarkable potential to it. Entrepreneurs, lawmakers, now ex-traditional banking professionals and even the big monopolies believe that the technology could usher in a severe change in the way we interact with each other.
The capability of Distributed Ledger Technologies (DLTs) to form direct lines of interaction between consumers and producers/service providers is undoubtedly a game-changing development. These individuals can now band together to fund ideas, products and services they believe, with each getting an equal share of the reward.
This «tokenization of assets» has become a major focus for the cryptocurrency space, and start-ups have applied the technology to a varied group of real world assets, including art, gold and real estate. The last of those is at the heart of CROWDLITOKEN.
Real estate, one of oldest and enduring forms of investment, has been the target of cryptocurrency startups for some time now and it’s evident why. The industry is fraught with difficult negotiations, contractual validations and tedious paperwork.
Furthermore, real estate has long been a form of investment accessible to only the elite. With the power of crowds inherent in decentralized systems, that is about to change.