What is Blockhomes?
Blockhomes is an ecosystem where the general public can, for the first time in recorded history, participate in large real estate transactions that were previously only available to institutional clients, such as large banks or sovereign wealth funds.
Armed by digitizing the asset through smart contract technology on the blockchain, we have found a way to enable individual investors to engage and profit from real estate transactions without needing to have large sums of money.
For example, if you’re going to participate in very favorable real estate transactions that typically result in 30-50% returns in a few years, you would typically need to have at least one million euro to put into the deal otherwise the developers would see you as a waste of time (since there is a lot of admin work involved in taking in money, setting the contracts, and ensuring payment of interest and returns are done consistently over the time period agreed).
Now that we have smart contract technology that can automate the administrative process of accepting payment, issuing interest payments according to the agreement and also tying in a contractual/documentation layer for what was agreed to (such as property deeds), we now have a way in which we can be more inclusive to all types of investors from all walks of life all around the globe.
This is truly an amazing time to be alive, and Blockhomes personifies the new opportunities we will be given with smart contract technology!