CPROP has developed a structure for a commercial real estate-backed digital asset security exchange that can be domiciled in virtually any country. This decentralized exchange (DEX) is intended to serve as a trading platform designed specifically for these digital securities that connects global investors with local real estate operators on a single-asset investment basis. The exchange will enable investors to move from top down portfolio-based strategies towards direct investment opportunities and personalized lot sizes. The project aims to digitize the entire real estate investment value chain so all workstreams are transparent, efficient and cost-saving.
CPROP is exploring other use cases for real estate-backed tokens, for example, to increase the capital supply for affordable or social housing.
When a property is constructed, there are many opportunities to capture data that delivers lasting value to the owner, whether the property is owner occupied, or leased. By cataloguing what goes into the property, from equipment and fixtures to furnishings to finishes, better recordkeeping paves the way to track lifecycle costs, manage warranties and facilitate insurance claims. CPROP is working with industry partners to develop data applications that monetize these multiple opportunities to understand asset performance at a deeper level and facilitate innovation in traditional construction and property development business models.
A more digitized real estate industry holds the promise of generating data that can improve the accuracy of insurance underwriting. Digital mortgages are more easily managed than traditional paper-based mortgages and can help mitigate the risk of repeating past failures in the mortgage market stemming from weak controls over data and documentation. CPROP is exploring multiple use cases to more effectively harness data within new applications that mitigate pain points and reduce risk in the insurance and finance sectors, such as for keeping track of insurance certificates.
Cross border transactions can be plagued by lack of familiarity, transparency and trust owing in large part to the long distance between buyers and sellers. Building on CPROP Co-Founder Adam Koehler’s prior success as a co-founder of Dotloop, CPROP is developing a transaction environment powered by the CPROP utility token and intended to be white-labeled to existing property portals around the world to extend the portals’ reach into the transaction while providing consumers with a more seamless and stress-free transaction experience. CPROP is working with portals in Asia, the Middle East and Europe to bring this concept into commercial reality.
In the US, the residential brokerage model is under pressure from new discount and fixed fee brokerages. Because CPROP recognized that legacy brokerages’ large agent networks hold untapped potential to monetize data they touch every day, we are undertaking a pilot with selected residential brokerages to test market a concept that will create brand differentiation, extend the agent/client relationship and generate incremental revenue for our brokerage partners.
The government sector is responsible for maintaining public records, such as property title records, which are essential to the proper functioning of the economy. All too often, government processes are inefficient, lag in technology adoption and the records themselves can be prone to manipulation and error. Blockchain holds tremendous potential to improve the efficiency of government recordkeeping processes and reduce the vulnerability of valuable data.
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