LONDON, UK – October 01, 2018 – Block Estates has advised that they continue to make great progress with the development of their proposed real estate blockchain platform. The company is working towards launching a beta version of the platform soon.
Company cofounder and Co-COO Rob Tomkins also mentioned that the Block Estates has a highly experienced team who will assist in the development and delivery of the company’s business model.
Discussions with new team members are ongoing however the current management team has extensive experience in the real estate and technology sectors and includes members who have a proven track record in successfully executing large real estate and technology transactions. The company’s CTO who holds a PhD in blockchain technology is one of the crypto and blockchain industry’s most experienced and well-respected individuals.
With such a high level of experience at management level, Block Estates is aiming on becoming an industry leader in this new and exciting sector.
Block Estates continues to take a prudent and well researched approach towards developing and launching its business model in order to achieve the stated objectives plus maximise the returns on investment via the combination of real estate with the revolutionary blockchain technology.
Rob Tomkins further added, “we believe that with the proposed platform and underlying technology Block Estates is aiming to create an efficient and streamlined platform that facilitates a diverse range of real estate transactions.”
Initially Block Estates will launch the real estate backed security token investments followed by other transactional capabilities. Users will be able to access services once they’ve signed up for a Block Estates account with all transactions being handled entirely from within the user-friendly dashboard. Transactions can be undertaken using both fiat and crypto currencies.
The company is on a mission to bring to market an innovative business model with the objective of creating a real estate industry ecosystem, powered by blockchain technology. With a combination of B2C and B2B offerings in such a huge market, Block Estates is on track to deliver user value through an exceptional platform.
Block Estates is developing a real estate investment platform for the blockchain era which will give investors direct access to an innovative, lucrative and a real estate backed asset class to invest in. Investments will be launched in leading global markets and investors will gain access to both domestic and cross border investments via the Block Estates platform. An initial portfolio of real estate assets will be secured, tokenized and made available for investment during the Block Estates STO. Investors wanting to take part in the STO can simply purchase tokens from the Block Estates website. The tokens will be implemented through Ethereum Smart Contracts and will be ERC20 compliant. Following the STO, we plan to list the tokens on a digital token exchange to provide trading liquidity.