There are a couple of projects that you have currently launched, more precise the property in New York. How is this project going?
We are still working on preparations for the NY property STO, including the set up of the legal unit for the STO. How do you see both the blockchain and real estate industry working together in the next 5 years?
"I think a lot of new business models will be tried and tested over the next 5 years combining blockchain and real estate. The real estate industry is characteristic by being made up of a large number of independent but closely interacting players that need to coordinate a lot of transactions both in relation to legal, construction and finance. The blockchain is eminent at this, of course.
We see many potential blockchain use cases within real estate, including logistics optimization, chain of custody paper trail, tracking of building materials over lifetime of buildings, issues management and tracking, micro-transactions for work tasks, IOT tracking of connected devices, documenting and structuring changes and revisions, etc., etc., etc.
We will be focused on using blockchain to optimize the issuance, transfer, and trading of real estate assets and securities, however, and we believe that the industry will see massive changes in this area over the next 5 years. It is our expectation that that majority of listed and unlisted real estate assets will in the future be handled over blockchain technology, and that a much higher percentage of global real estate assets will be listed and tradeable, in a form that is accessible to retail investors." How do you see your company evolve in those years? Are there any other markets you want to grow towards?
"We have several exciting initiatives ongoing in the real estate tokenization field, within both issuance and trading, as well as new protocols focused on real estate. Over the next couple of years, DigiShares will have a focus on real estate in particular, but will also be open to projects from other fields, such as renewables, mining and later stage startup financing. We see renewables as a potentially large asset class that will benefit from tokenization. DigiShares has headquarters in Denmark which is a world-leading country in wind production and the location of many wind energy developers. Wind parks are good assets to tokenize to increase liquidity and make them available for retail investors." That's very good to hear Claus, and I believe that there are definitely opportunities in those directions. There is a lot of potential, and it's awesome to see where you already stand with Digishares and what your future plans are. I want to thank you for this thorough interview, and for the time you have taken out of your busy schedule to answer my questions. We'll continue to follow your steps and wish you the best of luck! Want to learn more about Digishares? Read more about their plans on their website. They are also launching a STO. If you are confident in Claus and his company then you might want to read more about this opportunity here.
To get in touch with Claus be sure to find him via the digishares website or via his Linkedin