Perrin Quarshie, CEO and founder of RealBlock, was recently interviewed on the status of blockchain and real estate and the connection between both. Disruptor Daily revealed the ideas of the RealBlocks founder on blockchain and how his company is developing platforms based on it to help revolutionize real estate processes and make them more efficient.
The interview revealed that RealBlocks came to be when Quarshie was enrolled at MIT for graduate studies. According to the data, he had been busy studying M&A transactions of REITs at Barclays and had first-degree experiences and challenges in the industry. Liquidity and access to another alternative investment were some of the benefits he saw coming from the blockchain.
RealBlocks was created to help people solve challenges related to real estate. By using the platform, an end-to-end alternative investment solution which encompasses subscription is possible. It also uses blockchain to allow instant global access and the inherent transparency of the platform to create enforcement of compliance with regulations and other policies.
This is the very same RealBlocks which closed a deal with AZTEC. According to Yahoo! Finance, the partnership with the zero-knowledge privacy protocol was for private offerings to be entered into the Ethereum blockchain. It will be private, with permission, and compliant to regulations, depending on where it is currently saved or recorded.
RealBlocks' real world action here is to provide transparency in transactions. It removed anonymity, but at the same time, adds privacy to peer-to-peer transactions. The transactions will be put up on a bulletin board provided for real-time trading. The details will be available to those who enter into an agreement to trade and them alone.
It is a real service to serious traders, as the platform RealBlocks has built is designed to weed out 'predatory' traders or, at least, minimize the risk of it happening. Tom Pocock, the CEO, and co-founder of AZTEC Protocol said that the partnership with RealBlocks will provide them with the needed privacy in transactions between investors and those with the assets.
Quarshi believes that RealBlocks will change a lot in the next five years to the future, depending on how fast assets are digitized. With the movement pointing towards that, RealBlocks is looking to create an ecosystem with the capacity to provide for investors, whether they need to liquidate an asset in real-time or they're using different platforms from each other.
