IA TOKEN - A TREASURE ISLAND IN REAL ESTATE THROUGH BLOCKCHAIN TECHNOLOGY

makdon (36)in #blockchain • 4 years ago (edited)

Over the years, Real estate business has faced a lot of challenges, some of which are political and economical. This has led to great loss in the part of the business men and women involved. But with Blockchain technology, Instant Asset Tokens(IATokens or IAT) is capable of not only eradicating and eliminating the traditional barriers most of these challenges, but also increasing wealth and ensuring security during transactions.

What is Blockchain Technology? It is on thing to be aware of or hear about something, and another thing to actually understand that thing. Some who have insight on what Blockchain Technology is, often ask ; of what use is Blockchain to IA Token and real estate business in extension? The answer to this question goes thus; Blockchain technology is capable of bringing about a truly humanitarian impact. Example in Brazil and Venazuela, where large property owners are easily able oust simple farmers with impunity because of the fact that corruption from the authoritys is on the increase, and is able to undermine the rule of law, it is possible for Blockchain technology to have a truly humanitarian impact.

When once a piece of property like land has been noted in a public register, it will be possible for the ousted party to assert their rights and be free from any encroachment. Since 2017, some land registers in Sweden have started to enter plots and ownership through Blockchain. This is believed to bring improvement on efficiency and financial savings to the tune of 100 million euros. It will equally be plausible to transfer property rights in physical goods such as cars, art, musical instruments, etc. and also for intangible capital such as information, intellectual property, identification, etc. through the Blockchain.
Blockchain is not just an alternative to financial transactions but also allow transactions between companies without intermediaries. With the help of the Blockchain, IA Token will go a long way in bringing great positive change to the real estate industry. This is because most of the challenges of the industry will be bypassed through the Blockchain. Through the Blockchain technology, IA Token will ensure the security of records stored in it by making it decentralized and unchangeable. Ownership transfer procedures will be cut short, which will save a lot of time and money.

The IA token, through Blockchain technology will also bring about asset digitalization and management. Digitalized Assets has to do with the creation of digital version of previously analog or physical items. For instance, the creation of a digital work order that was a paper work order. This the step for an asset management company to go digital. Digitalization also entails the use of digital technologies to change a business model and provide new ways and opportunities for doing business transactions. With this, most problems facing asset purchases will be bypassed, leading to immense wealth.

Asset management on the other hand has to do with keeping assets running to maximize output and minimize the cost associated with downtime and repairs.

The Blockchain goes a long way in eliminating most traditional barriers involved during business transactions in order to promote and bring about an effective flow of the transaction. So with all of these in place, investment is greatly encourage because a secure, trustworthy, and effective platform is provided. Therefore, Real Estate
and any other dealing can be done with immense profit and efficiency.