A long-time foreign resident has unveiled Wednesday a blockchain platform that can revolutionize the way people trade property transaction worldwide.
In the Blockchain Real Estate Exposition at Seoul’s COEX, Pietro A Doran, CEO of Dream Global Partners, said the blockchain technology could decentralize all processes involving real estate trading.
“For the past 24 years in Korea, I have worked in the big-ticket real estate investment,’’ he said, “I have developed many services that appeal to customers in the real estate market.”
He described real estate trading as people to people financial transactions. DreamChain is not a new model, but the blockchain-based platform handles the real property tradings.
The basic concept of DreamChain is decentralization, he said. Korea’s real estate market is one of the most active, dynamic and profitable industries, but a limited number of people have monopolized the big real estate market, the CEO added.
Many people can easily work as realtors although the business needs a license, he said. In doing business, “you do not need machinery a centralized data center and heavy equipment,’’ according to him. Many people can work as investors, businessmen and realtors,’’ according to him.
My DreamChain ecosystem is easily accessible to everybody. Once the platform and its main net are complete, any people worldwide can use the service, Doran added. He said his company would team up with as many partners as possible to expand and incorporate blockchain-based real estate enterprises worldwide.
He also wants to build a worldwide network of blockchain based co-working innovation centers, establish blockchain technology based Smart City initiative globally.
Doran is the managing partner of a global partnership team that managed $500 million of both discretionary and non-discretionary mandates. His current business activities include acquisitions, development, distressed asset restructuring and redevelopment and repositioning, asset management, investment advisory, and debt-equity restructuring.
