This week seems to be a good one for Stellar-powered platform Smartlands as the company is excited about its collaboration with one of the giants in terms of the real estate industry.
Smartlands, a global company powered by Stellar Foundation whose aim is to “issue secure tokens” has recently teamed up with Colliers International, a “top tier global real estate services and investment management company”.
According to a press release published by Smartlands, the two companies have committed to developing a blockchain-based system dedicated to the real estate industry. Due to the Colliers’ properties, Smartlands also plans to integrate blockchain tech into the agriculture ecosystem.
CEO of Smartlands Arnoldas Nauseda claimed the platform could revolutionize the real estate space. Here’s what he said:
“Creating liquidity for a property of any kind was always a main challenge for the real estate industry. Also, legacy finance institutions rule the real estate space with an iron fist and are showing very little willingness to let up the pressure, adopt new technologies and embrace the Zeitgeist. Smartlands Platform approached Colliers International with a ready technological solution for tokenizing ownership of the real-world assets in a fully compliant legal framework, which instantly solves virtually all problems of the real estate industry. Colliers was perceptive enough to enter the partnership immediately.”
Colliers International enjoys a high level of popularity at the global standards. The company whose business is based on commercial real estate activities is present in 69 countries, and last year it recorded $ 2.7 billion in revenue.
CEO of Colliers International Advisors in Lithuania Ramune Askiniene thinks that blockchain tech will indeed transform the real estate industry:
“The global financial and commercial landscape clearly shows trillions of dollars worth of real estate ripe for tokenization. We at Colliers are positive that digital entrepreneurship of the new post-ICO era of security tokens will have a significant impact on redefining wealth creation, investing, fundraising, and a host of other Internet-based commercial activities. Colliers is pleased to cooperate with the Smartlands Platform who appears to have a perfect grasp on asset tokenization on Stellar.”
There is a heated discussion among experts on “tokenizing real estate,” but with so many specialists who are operating in reality with this.