The technology of blockchain is rapidly being adopted around the world by both public and private entities to track information in a secure, reliable, confidential and transparent manner. Although it is primarily known for its use in cryptocurrency systems such as the bitcoin, can also be used to facilitate the transfer of transaction information in any business network, whether tangible assets, including real estate, vehicles or land, or intangible assets such as intellectual property and patents.

Uses of blockchain in real estate

Technologies based on blockchain such as smart contracts, digital record keeping methods and real estate tokenization, have the potential to revolutionize the way individuals and businesses invest in this market. Tokenization (digital securitization) of properties allows for a digital representation of 'real' world assets. This means that properties can be securely transferred in compliance with all government and tax regulations, making real estate markets more liquid without increasing volatility and consequently lowering barriers to market entry and stimulating supply.

These technologies also have the potential to dramatically reduce the cost of real estate transactions by eliminating the army of lawyers, insurance providers and property management companies required today to act as intermediaries to validate and secure these transactions. This ability to have the verification and tracking of documentation that substantiates identities and the transfer of funds immediately will save time, help ensure compliance with the law and eliminate piles of paperwork.

Mexico, a leader in the development of blockchain in Latin America

A growing number of businesses are beginning to adopt this nascent technology in various industries around the world, and Mexico is the number one in Latin America in the development of blockchain and number three in the use of cryptocurrencies. In general, it is the smaller, more innovative companies that are basing their businesses on this technology. Although the government has yet to address the use of cryptocurrency-based services blockchainThe company already has strong copyright laws in place that protect even non-fungible tokens (NFTs).

Opportunities in Mexico

The technologies of blockchain and its ability to make transactions more secure also have the potential to solve some of the country's most pressing social, political and industrial problems, mainly those related to corruption and lack of transparency. This will inevitably increase the confidence of international investors and companies looking to do business in Mexico by simplifying the legal and financial systems between different countries. Even its use, combined with the internet of things, can facilitate companies' industrial procedures, thus reducing the margin of error and optimizing logistics and manufacturing processes.

Technologies blockchain They are here to stay and as governments and the private sector begin to adopt the policies and infrastructure to support them, their use will become increasingly widespread, bringing major changes in the way we live and do business.

At American Industries, we are always ready to adopt new ways of doing things that allow us to help our clients in a better way and with less risk. If you would like to know more about our real estate services or the availability list of our real estate products, please do not hesitate to contact us.

• By Aarón Gallo / Industrial Real Estate Director
• By Julio Saenz / Industrial Real Estate Legal Assistant
• By Natalia Martinez /Business Development Industrial Real Estate
• By Vicente Vivó /Industrial Real Estate Treasury Assistant
• American Industries® Real Estate Team
  American Industries Group

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