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- Blockcities is launching a number of first-of-their-kind capabilities, including the ability to purchase fractional ownership in real assets
- Blockcities has added a number of new features that have the potential to disrupt the current business
- By 2027, the World Economic Forum estimates that 10% of global GDP would be kept on the blockchain
Blockcities, one of the top blockchain firms with a focus on sustainable living, has teamed with two advanced and international agricultural enterprises, Simply Natural Farms and AgVisors, according to a recent study. This partnership, according to the corporation, will drive fundamental changes in the $3.4 trillion market. Agriculture has become a watchful business, with the World Bank reporting that it can increase income and food security for almost 80% of the world’s impoverished. Simply Natural Farms, a multinational vertically integrated agriculture firm, will offer fractionalized plantations with expert management via the Blockcities ecosystem as part of this recent cooperation. Simply Natural Farms and this blockchain firm will work together to provide fractional agriculture to the masses.
The Ecosystem of Blockcities
Blockcities, designed to be a game-changer in the transition to sustainable living, is offering a number of first-of-its-kind features, including the ability to buy fractional ownership in real assets, all driven by immutable and transparent blockchain technology.
As previously stated, Blockcities has incorporated a number of unique features that have the potential to disrupt the current business. According to the team, the real estate investment protocol would tokenize shares of actual assets, allowing anybody to buy with low entry hurdles. This one-act allows investors to diversify their investments across asset classes and locations regardless of their location.
Rather than investing in a particular industry or market, Blockcities will allow potential investors to spread their money over several assets, reducing risk and improving earnings. The blockchain startup currently allows investors to invest in three asset classes: real estate managed agriculture, and renewable energy (anticipated in 2022).
Taking Advantage of Blockchain Technology
By 2027, the World Economic Forum estimates that 10% of global GDP would be kept on the blockchain. Even while it is a fantastic achievement, blockchain technology is still in its infancy. In addition, integrating immutable and transparent technology is still difficult. Blockcities has taken center stage as the platform to simplify and make this technology easy and less complicated, based on this information.
It currently utilizes the best of technology and combines it with smart contract-based fractionalization of physical assets. According to the website, this enables the organization to deliver real-time visualization in the building, rental, and maintenance of assets. Blockcities is working with some of the world’s largest housing manufacturers to provide sustainable housing solutions that can be precast and delivered ready-to-use on-site, in addition to teaming with AgVisors and Simply Natural Farms, two multinational enterprises.
According to HomeAdvisor, the cost of building a house ranges from $126,000 to over $450,000, which is a huge rise from a few years ago. This, combined with growing real estate investment costs, has resulted in lower profitability for investors. Blockcities will offer prefab or modular construction as a response to the developing challenge through its multiple protocols and sustainable living partnerships.
As we all know, the modular building allows property owners to turn their backyards or other sections of their homes into a source of revenue. Modular building has been noted as being eco-friendly [reduces up to 80% waste output], cost-effective, and faster to build, in addition to boosting ROI annually.
Blockcities, a user-centric blockchain firm, is allowing users to vote on the finest house designs and other parts of the site. Users will also be able to lock up funds utilising its unrivalled milestone-based smart contracts, thanks to its programmable escrow. According to BTC Peers, tokenization is ushering in a new era of real estate, and Blockcities wants to be a pioneer in this industry.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
