Blockchain Drive can Deliver Major Boost to UK Property Market - Cryptech

Blockchain technology can transform the UK real estate market and the wider economy by bringing in a new level of transparency to attract global players and open opportunities to first time buyers, investment and advisory specialists, Cryptech said today.

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The company believes the simplification of real estate transactions through Blockchain will allow assets to be more efficiently and securely traded, invigorating property markets and improving the overall liquidity of the industry, and in turn solving the main downside of real estate as an asset class.

"Blockchain can be used to transfer ownership of individual properties quickly and securely, making it more transparent and attractive to investors," said Cryptech Director, Omar Jackson.

"We will see huge costs removed as a result of a more streamlined process because Blockchain can also be used to manage tenancy contracts, payments and maintenance across a portfolio of properties, or one individual property.

"One of the biggest opportunities in the property market is to use Blockchain to 'tokenise' real estate assets, meaning an investor can purchase parts of a property rather than the entire property. These parts can be traded online in seconds, making UK real estate far more accessible and attractive to investors from all over the world. We believe this will become a major new trend in the industry this year, especially for first time buyers who are often priced out of the market."

Cryptech, a Blockchain organisation which provides investment opportunities to individuals and institutions seeking to explore the technology, has offices in both London and Dubai with teams operating between the two on behalf of clients.

By offering clients a minimum investment option of USD$1,000/GBP1,000 it has opened up a trading opportunity which previously was largely restricted to financial institutions and HNWIs. After 12 months, clients can redeem their capital back with the maximum returns generated.

The company was recently acquired by private equity firm Berkeley Assets which appointed Jackson as a new Partner to head up the business.

"Cryptech guides investors wishing to trade in cryptocurrencies and invests in innovative start-up companies creating Blockchain technology solutions to revolutionise businesses globally," explained Jackson.

"We have recently expanded our reach globally, attracting interest from investors across the world who are eager to explore the opportunities to achieve substantial short term growth in the technology."

The offshore company invests in ideas and start-ups that are utilising Blockchain and actively trades the top four cryptocurrencies in the world, Bitcoin, Ethereum, Ripple and Litecoin, utilising a two-pronged strategy to deliver consistent gains across cryptocurrencies and Blockchain.