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Blockchain Industry Review
WITH
0014
DOES CRYPTO
Article 3
Rentible.io
TM
fit into the evolution of proptech?
T
he relationship between blockchain technology and PropTech was largely initially popularized as the concept of transforming real estate with Blockchain via tokenization started to make its first appearances in public, largely from 2019. When looking at each technology through a separate lens, and then looking at them side by side, the understanding of why Blockchain and PropTech have the potential for a revolutionary synergy becomes clear. While PropTech introduced an approach to real estate in which technology is utilized to benefit users on a global scale and enables them to search, rent, buy, sell, and manage a
property intuitively, it also opened a door for many to exploit the anonymity of the internet for cybercrime, mainly for fraud, scam, and data theft. Blockchain technology, on the other hand, brings among other attributes all the characteristics of increased security that can prevent these exact problems (as well as other added value innovations), yet due to its relative “infancy”, it still lacks the intuitiveness aspect. If we look at the above macro-level complementary differences, we can also see how the two technologies even further intertwine. In PropTech, we have different verticals serving different niches - be it rentals, sales,
