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How The BrikBit Blockchain Platform Proves That the Real Estate Industry Can Become Digital – Press Release

Published 2 years ago by Peter Hampton

How The BrikBit Blockchain Platform Proves That the Real Estate Industry Can Become Digital – Press Release

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To be more specific, we are talking about the blockchain and asset tokenization, the most common words in entrepreneurs’ lexicons lately – from experts to new enthusiasts – and how, as Forbes explains in its article “The Blockchain For Real Estate, Explained,” projects like BrikBit can improve the real estate industry. By traditional definitions, we set that the real estate industry is a field that encompasses the management of a property from its construction to repair and commercialization. The company, which will soon officially launch its platform, aims to set a higher standard for transparency, reliability and administration of real estate business by optimizing the resources involved and conferring upon them a new interchangeable tokenized value; all of this will be done through a reliable system.

The system compiles three fundamental pillars: BrikBit Digital Shares, BrikBit Social Professional Network and BrikBit Social Market, from which users can access the real estate’s development and value management as well as the collection of the data generated automatically throughout the processes concerning the properties. As the pioneer project in using the Lisk currency protocol (2016) in reference, BrikBit Digital Shares is a virtual stage where users will use a local fungible currency (BRIK) to create a digital representation of a property (REDA); including elements of the Building Information Modeling (BIM) as well as resource planning systems. BrikBit Social Professional Network will work as a social network for the different businesses within the real estate market.

We analyzed the process into four steps: Ultimately, due to the flexibility of the BrikBit system, users will be able to create their own blockchain with unique and independent qualities and collaborate in their own ecosystems. With an infrastructure based on users’ requests, BrikBit Social Market will provide an audit service to guide different members, such as crypto-enthusiasts and real estate agents that are unfamiliar with blockchain, allowing them to acquire the knowledge on operating and generating profits within a cryptographic ecosystem. The platform provides a tangible progress within the Real Estate landscape aiming for reaching a massive scale; many large companies and investors are joining the project. Coin spectator is an automated news aggregation service. All copyrights belong to their respective owners. Images and text owned by copyright holders are used in reference to and promotion of those respective parties. Read in Full

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