'Briqchain' Lets Users Seamlessly Invest in Real Estate
Michael Hemsworth — October 16, 2018 — Lifestyle
Investing in real estate traditionally requires a sizable down payment, but the 'Briqchain' platform aims to change this by allowing users to make small, bite-size investments on their own terms.
The platform works by allowing users to purchase Briqs at a cost of 10 euros each that can then be used to invest in rental real estate that will yield a 4% fixed yearly interest on the money that you invest. The entire transaction takes place on the blockchain and will yield them priority when they want to rent or buy a listing with their Briqs for a modern approach to real estate.
The 'Briqchain' platform makes the process of real estate investment more realistic for everyone and will likely come as welcome news to the large number of consumers who might otherwise not be able to afford to do so.
The platform works by allowing users to purchase Briqs at a cost of 10 euros each that can then be used to invest in rental real estate that will yield a 4% fixed yearly interest on the money that you invest. The entire transaction takes place on the blockchain and will yield them priority when they want to rent or buy a listing with their Briqs for a modern approach to real estate.
The 'Briqchain' platform makes the process of real estate investment more realistic for everyone and will likely come as welcome news to the large number of consumers who might otherwise not be able to afford to do so.
Trend Themes
1. Fractional Real Estate Investment - Platform like 'Briqchain' allows users to make small, bite-size investments in real estate, opening up opportunities for fractional ownership.
2. Blockchain-enabled Transactions - The use of blockchain technology in real estate investments, as demonstrated by 'Briqchain', ensures transparency, security, and efficiency in transactions.
3. Democratization of Real Estate Investments - The 'Briqchain' platform provides access to real estate investing for a larger audience, breaking down barriers to entry and empowering more individuals to participate.
Industry Implications
1. Real Estate - 'Briqchain' and similar platforms disrupt the traditional real estate industry by offering new investment models and democratizing access to property ownership.
2. Financial Technology - The integration of blockchain technology into property investment platforms like 'Briqchain' presents opportunities for fintech companies to innovate in the space and create new financial products and services.
3. Digital Disruptors - Companies like 'Briqchain' are part of the growing cohort of digital disruptors in the real estate industry, revolutionizing how people invest and interact with property markets.
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