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Blockchain last week, from Solution to Real Estate – BlockPublisher

More than a Blockchain solution

The CEO of ProximaX, Lon Wong, revealed that his company is playing on a different level. He explained that ProximaX is much more than a blockchain solution because it now uses blockchain as part of its technology. That's why Lon Wong suggested that ProximaX was a platform solution instead of a blockchain solution. In addition to this, he also mentioned some features supported by the ProximaX platform. While emphasizing features such as database and file storage management, he concluded that ProximaX is now a holistic platform and can be used for solution development.

Blockchain will be Disruptive in the Future

Gabriel Abed is the founder of Bitt. He is one of the very few people who are aware of the use and usefulness of blockchain over time when blockchain was not very common. He is considered the pioneer of the blockchain company and the stablecoin. Recently, he said that the blockchain has destructive power and capacity. He explained that since it is easy to find a developer for a blockchain project in place of web site projects a day, it can be concluded that many people are heading to the blockchain. He advised startups not to use blockchain just for the purpose of making money. Instead, the blockchain should be used for its utility and intrinsic value systems.

Token forms of real estate through Blockchain

Blockchain technology has been used by several startups to introduce new use cases. Also the real estate sector has been innovated by blockchain. Patrick Springer, a consultant to Polybird Exchange, explained the concept of tokenisation of the real estate sector that will use blockchain technology. Patrick has stated that the tokenised real estate will resemble a publicly traded real estate investment fund (REIT), a company that deals with real estate income. He added that the token real estate sector will allow small investors to easily manage the purchase of small buildings or units by reducing the transfer costs that people have to pay while they are selling or buying real estate. Furthermore, he added that tokenization will lead to an increase in investor participation.

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