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Property investment for the average person usually involves making investments in projects that have already been completed. However, there’s now an opportunity to invest in property projects before they’re actually completed. This has been made possible by leveraging blockchain technology. It can take several years or longer to develop property projects from the ground up, and it can also be a risky process. This domain has been limited mainly to property developers who have adequate financial resources, industry know-how and business connections. This space is  now reportedly open to accredited investors (AIs). Singapore-headquartered Fraxtor, a property tech (Proptech) firm, lets AIs make…
Real estate marketplace Fangdd Network Group Ltd. (Nasdaq: DUO) has expanded into selling parking spaces. The Shenzhen-based company said in a statement on Tuesday that, together with Shenzhen Jinyiyun Supply Chain Technology Co. Ltd., it has already facilitated a number of sales in the new business. Jinyiyun applies blockchain technology on its platform, it said. "Our cooperation with Shenzhen Jinyiyun will create the first generation of standardized parking space transaction products," Yi Duan, the chief executive officer of Fangdd, said in the statement. There were 340 million motor vehicles nationwide in China by the end of July 2019, with 12.4 million newly registered…
JLL has announced the appointment of Kathleen Stubbs as Chief Information Officer (CIO) for Australia and New Zealand. Most recently Kathleen was the Global Head of Infrastructure and Service Delivery (Deputy Global CIO) for Knight Frank’s global head office in London. CEO of JLL Australia & New Zealand, Stephen Conry said, “Kathleen’s global and Australian experience is impressive and spans Blockchain for property, IoT, Artificial Intelligence and Robotic Process Automation solutions. We are delighted she will join the Australian business and return to Sydney.
The tide has been slowly shifting toward mergers and acquisitions (M&A) in real estate tech, and this year a tidal wave will hit. A staggering 7,000 startups have received funding over the past five to six years and money invested in the sector doubled year over year, reaching $35 Billion in 2019. This frenzy of interest, however, has not been met with a similar flurry of Proptech adoption. Real estate dramatically lags behind other industries in embracing tech and innovation—“companies reinvest less than 1% of revenue into research and development while other industries typically invest between 3% and 8% of…
Incremental innovations to the current built environment structure will not advance the industry in a meaningful and impactful way. The existing structure is antiquated and must be disrupted to create the value needed to meet the rapidly changing demands of the industry. Even with the advancement of emerging technology trends like AR/VR, robotics and automation, big data/IoT/connected job sites, blockchain, and BIM, the industry still lags behind more technologically advanced verticals.
Prescriptive Data, a privately-held smart building technology company focused on using artificial intelligence to optimize tenant comfort and decrease carbon emissions, announced yesterday that KPMG LLP (KPMG) has selected its flagship building operating system, Nantum OS, to be deployed as part of its new patent-pending blockchain capability, Climate Accounting Infrastructure (CAI).