★ Problem: crucial CRE data is kept behind closed doors
CRE is known for its reluctance to share industry information. Although the common aim is to achieve greater transparency – because it helps investors to make good decisions – companies are still hesitant to share their data for fear it would backfire.
The need to share the data is very strong, but the need to keep it proprietary is even stronger.
✔ Solution: data sharing on the blockchain
The data stored on the blockchain platform cannot be modified, deleted or commoditized.
This will open new horizons for both brokers and investors, many of whom were (and still are) operating under the narrow geographical constraints of nearby metropolitan areas without access to nationwide market data and lease comparables.
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