Real estate investment firm Colchis Capital adopts Provenance blockchain

California-based real estate investment company Colchis Capital has decided to join hands with Bison Trails’ Provenance blockchain to bring more clarity and better management of the real estate assets. This is one of the best looked forward use cases of distributed ledger technology.

On Tuesday, the company stated that Bison Trails would supply Colchis Capital with the node architecture that will strengthen its investment plan with the relationship. The Provenance is expected to deliver a more efficient and transparent system to real estate investment management, which constitutes the backbone of Colchis’ business model.

To provide interoperability with Provenance, the company is also developing its own technology stack. The solutions are designed to provide investors with real-time cash flow and income reporting without the accompanying costs of generating massive data streams. Furthermore, the agreement opens the road for Colchis to explore future asset tokenization.

Provenance Blockchain contribution and possibilities

In May of this year, Bison Trails began its Provenance blockchain. The parent company Figure Technologies, after some days, announced a $200 million Series D investment round.

In January 2021, Coinbase purchased Bison Trails for an unknown amount.

Experts believe that Blockchain technology is a possible answer to many of the difficulties that affect the real estate sector – trust-related issues, transparency, contract agreements, and costs. The technology is also being advanced in a sector that has become increasingly restrictive for the general people as a method to democratize real estate ownership.

International real estate tokenization has been discussed for years but still has to evolve as a blockchain technology use case. This could shift as little sections of the worldwide real estate market start dipping into blockchain technologies in the upcoming years. Moore Global, a London-based consultancy and accounting company, has recently presented a conservative prediction of the $1.4 trillion potential impact of real estate tokenization in the upcoming years.