Written by Breck Hapner
There is no doubt: blockchain and crypto will transform the largest asset class, commercial real estate, by offering a concise way for buyers and sellers to connect in a peer-to-peer transaction.
Blockchain completely streamlines the real estate buying and selling process to produce huge savings, while opening access to greater property funding and investment opportunities.
According to MSCI, the size of the professionally managed global real estate investment market increased from $9.6 trillion in 2019 to $10.5 trillion in 2020, then to $3.69 trillion in 2021, and is expected to expand at an annual compound growth rate of 5.2 percent from 2022 to 2030.
Crypto such as Bitcoin or Ethereum can be used in the purchase or sale of property, especially by investors seeking to strengthen profit margins by reshaping digital assets into physical real estate assets.
At present, cryptocurrency prices have fallen sharply, but industry experts remain confident in the currency’s long-term future. Despite some of the recent valuation problems, crypto leveraged via blockchain is still seen as an actionable digital asset due to its ability to facilitate nearly-instant transactions.