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Blockchain is a perfect fit for this. People buy ownership rights to the property in fiat money and receive tokens as a percentage of the property, people pay t
by UncleEntity 4y ago
Blockchain is a perfect fit for this. People buy ownership rights to the property in fiat money and receive tokens as a percentage of the property, people pay their monthly rent in fiat money and the ‘owners’ receive their share of the rent in tokens.
Solves the whole bank run problem as they only grant ownership rights as tokens and they aren’t really devaluing everyone’s ownership share on a monthly basis while they keep all the fiat money for themselves — minus, of course, the money they spend on real estate and property maintenance to keep the whole scheme going.