Wed, 18/07/2018 - 11:00
Japan-based DexisChain is to launch a public offering of its DexisChain Protocol Token (DCPT) for a blockchain-based real estate investment platform on 6 August. A pre-sale has already gone live on their company’s site and will run until 5 August.
Currently USD7 million in DCPT has already been sold privately with a total of USD2 billion DCPT available to be issued ETH51,566 (Ethereum).
DexisChain believes that one of the key barriers that exists in the real estate market is information access. Due to highly localised factors affecting the outlook for any given property development project, smaller investors struggle to get reliable data on underlying assets. There is currently no easy way to acquire such information without either paying for expensive professional appraisal and due-diligence services or relying on advisory products such as research newsletters. DexisChain says its is looking to bring the uniquely powerful “wisdom of the crowd” information sourcing mechanics to the real estate investing industry.
Real estate investing regulations are also prohibitive and limit the potential pool of investors while investment size restrictions price out the vast majority of interested investors. DexisChain says it is seeking to resolve this worldwide information inequality though the application of blockchain-based predictive markets, coupled with a machine learning and modelling layer to generate affordable, reliable and actionable investment data for the real estate space at all levels of investing experience.
Starting with Japan, DexisChain plans to eliminate prohibitive financial barriers to direct investing and by making a new class of highly liquid real estate assets with trading facilitated by the DexisChain platform. This also allows anyone to tokenize property on an open market, thereby opening real estate to an entirely new world of investors.
Other notable growing markets that DexisChain is considering include India and Africa. While initially focused on data within the REIT (Real Estate Investment Trust) space, the DexisChain platform will eventually encompass all manner of real estate investing products, such as real estate ETFs, mutual funds and even individual company stocks as well as other more granular real estate data.
“Real estate is low liquidity because of regulatory barriers so we thought that using tokens will solve this problem,” says director of DexisChain Nobuo Takaki. “We will launch beta service of Dexis in mid-2019 and after gaining many users, we will launch the official platform in 2020. We believe that we will become the key service for the real estate market.”
Because DexisChain is designed to ultimately operate an investing layer on top of the prediction market and data model marketplace, the team is also determined to focus on accessibility and user-based growth. The result will be an ecosystem where both real estate predictions and actual investments are conducted and settled entirely on-chain via the native DCPT utility token.
As a unique secondary layer, DexisChain also incorporates competitive data science to make use of the rich data that prediction markets generate. DexisChain says this layer further democratises data access by making it available to machine learning models and creates a marketplace where investors can rent highly accurate real estate prediction models from data scientists.
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