What advancements in blockchain technology could benefit real estate tokenization?
Several advancements in blockchain technology could further enhance real estate tokenization:
1. Scalability solutions: improvements like Layer 2 protocols and sharding could increase transaction speeds and reduce costs, making tokenized real estate platforms more efficient.
2. Interoperability: technologies enabling seamless communication between different blockchain networks would facilitate broader adoption of tokenized real estate.
3. Enhanced security: advances in cryptographic methods, such as zero-knowledge proofs, could strengthen the privacy and security of transactions.
4. Decentralized identity: blockchain-based identity solutions could simplify KYC/AML processes, reducing friction for international investors.
5. Integration with IoT: the Internet of Things (IoT) could be used to link real-time property data (e.g., energy usage or maintenance records) to blockchain, improving asset management.
These developments could make tokenized real estate platforms more robust, scalable, and user-friendly.