Blocksquare
Last Update
Mar 22, 2018
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3000 BST=0.5 ETH
About Blocksquare
Change Is Building Up.
Real estate has always been an attractive investment, but never accessible to everybody. The upcoming fractional real estate markets are set to change this, as the financial entry barrier becomes almost non-existant. RE tokenization also allows diversification trough multiple properties and locations that is today available to institutional investors only.
This new market will increase liquidity by multiples, something never before immagined. In fact, the illiquidity discount of real estate is estimated to be 10-30%, and commercial real estate tokenization and frictionless trading are set to unlock this value and open the door to a new market worth over USD 5 trillion.
Opening the Door for Fractional Commercial Real Estate Markets.
Blocksquare is a network of tokenized CRE properties, backed by Proof of Title, the protocol linking tokenized properties with title data from traditional land registries. The Ethereum based blockchain layer is supported by a platform that enables regular user interactions and a decentralized marketplace for tokenized property exchange. Similar to how Amadeus or Sabre systems provide the infrastructure for airline companies to sell tickets trough online retailers, Blocksquare is developing the infrastructure layer and standard for real estate tokenization and fractional ownership so retail providers can then develop their services on top. In short, Blocksquare is set to opens access to real estate investment opportunities on a global level to anyone with an internet connection.
Proof Of Title Protocol
With Ethereum and the underlying technical merger of blockchain technology and coded objects, the idea of tokenizing real world assets has become reality. Transferring real world value over the internet poses the need to introduce a system to securely link these coded objects, referred to as smart contracts, to the cumbersome structures of various national land registries. Once an Ethereum smart contract is deployed to the blockchain its internal logic can’t be changed. This in terms means any line written in the smart contract will always be present and can not be modified at a later stage. Blocksquare makes use of these characteristics by copying property specific information from land registries and including it in PropToken smart contracts. On the land registry side, a note containing the PropToken smart contract hash address is added to the title.
Blocksquare Roadmap
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Q1-Q2 2017
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BLOCKSQUARE
CONCEPT
DEVELOPMENT -
Q2-Q3 2017
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PROPTOKEN
CONTRACTS AND
PROOF OF TITLE
PROTOCOL DEVELOPMENT -
Q1 2018
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PRESALE FOR
EARLY PROJECT
CONTRIBUTORS
PILOT PROJECT DEVELOPMENT -
Q2 2018
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SERIES A CROWDSALE
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Q3-Q4 2018
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ALPHA
RELEASE
Activity
Blocksquare Team
Verified 67%
Attention. There is a risk that unverified members are not actually members of the team
Advisors
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
Blocksquare Interviews
With global commercial real estate valued at roughly 50 trillion USD, fractional CRE is set to become one of the biggest online markets there is. Dividing a single property into tokens substantially lowers the investment barrier, opening access to CRE for the large crowd of internet users. Moreover, tokens can be bought or sold through online decentralized exchanges without friction, increasing liquidity, adding new value to the underlying asset. With Blocksquare anyone will have access to commercial real estate investments.
Blocksquare is being built in close collaboration with www.medius.si and it's team of 20+ developers. We wanted to first fully understand what the market of fractional commercial real estate needs. As a result, we have been bootstrapping R&D activities for the past 6 months or so, and now are ready to receive our first funding round.
Blocksquare Reviews
BLOCK SQUARE is a blockchain-based system of protocols, smart contracts, APIs and tools for commercial real estate property tokenization hence opening the world of commercial real estate investing to everyone with an internet connection.
PROS:
- The platform enables everyone to buy tokenized real estate investments deals from many established local estate businesses without any restrictions
- The platform enables the users to buy properties online with crypto currency easily enabling individual who have highly invested in crypto currency to diversify to more stable asset use within the platform
- The platform easily real estate investment into the dynamic lifestyle as the Prop Tokens can be simply bought or sold at anytime from anywhere with the existence of internet connections and the generated rents distributed directly into the users Ethereum wallets as BST tokens
- The users who deliver value to the platform are incentivized without any discriminations hence making the platform to attract many users
- The platform helps in unlocking the increasing value of liquidity by reducing the illiquidity discounts through the implementation of the proof of title protocol to link smart contacts to the underlying real estate property
- The platform white paper is fully detailed giving the users every fine details of the platform and the benefits derived from its use
CONS:
- The platform has fewer team members involved in the project implementation
- The BST token amount raised during the pre-sale stage is not highlighted with the associated warranties to curb any loss
- The platform doesn’t highlight the easily used crypto currency with the BST token for owning a real estate
SUGGESTIONS:
- The platform should include more teams members and advisors to help in faster implementation of the project
- The value funds raised by the BST token should be highlighted in the white paper and provision warranties guaranteed to prevent any loss
NOTE:
The platform use enables the established real business to create and offer tokenized real estate investments deals directly on their website hence making it open to anyone making it viable and I would therefore invest in it.
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