Launching the Next Wave of Innovation in Commercial Real Estate

A backbone of every economy, commercial real estate (CRE) is one of the largest global asset groups. It amounts to a staggering $3385 trillion globally, according to IBISWorld.

But there’s even more to it. This industry is growing dynamically, with investors keen to seek value in CRE. The latest JLL report shows that global commercial property investment just hit the highest Q1 level in 10 years at $165 billion, 15% higher than the same period last year.

When you think about an industry like this, you probably picture sophisticated technology and software that helps commercial brokers manage their diverse portfolios. And yet that’s not always the case — in fact, the CRE industry is notorious for its hesitancy in adopting new tech.

According to the International Data Corporation’s global survey of CRE executives commissioned by Argus Software,

‘‘nearly one-third of the global CRE industry is still using spreadsheets as their primary tool for asset and portfolio management functions. As a result, there is potentially US $11 trillion globally of CRE assets managed within inefficient and error-prone spreadsheets.”

And this is not the only challenge CRE professionals are struggling with…

  • Property search via MLS is lengthy and inefficient. There is no process to verify data that brokers list for accuracy and the information is often dated.
  • Pre-lease due diligence checks are time-consuming. Verifying the property history, previous owners and tenants, compliance records, etc. is done manually and often depends on the physical availability of documents.
  • Disparate and inefficient property/cash flow management. Each party in a CRE transaction — and there are a great many — depends on others to commit to their transactional obligations which is time-consuming.
  • Industry data is kept behind closed doors. Brokers are reluctant to share industry data such as lease comps for fear it could be commoditized.
  • Decision-making is getting increasingly complicated. Brokers lackindustry benchmarks, valuation and cash flow analysis, investment and debt management to build good models and identify the most promising locations.

AgentMile: Revolutionizing Commercial Real Estate

AgentMile is on track to transform the CRE industry by introducing the first decentralized CRE leasing platform powered by AI.

Having worked with real estate professionals since 2015, we have seen first hand that this industry is ripe for blockchain adoption. This inspired us to come up with a solution to transform the CRE experience for brokers, landlords and tenants. AgentMile platform is on track to deliver:

  • Smart and efficient property search via a blockchain MLS;
  • Digital identities of people and properties on the blockchain to facilitate due diligence checks;
  • Smart Contracts to simplify property/cash flow management and reduce transaction dependency;
  • Industry benchmarks and data open for all, yet incorruptible and not subject to commoditization;
  • AI for better decision-making;
  • Immutable reviews, ratings and much more.

Deploying blockchain for real estate transactions and land/title registries is also gaining increased support from governments in North America, Europe, Dubai and Japan. All these positive signs indicate that the commercial real estate world is ready to embrace a faster, better and more affordable way of doing business.

9 Reasons That Set AgentMile Apart in the Blockchain Landscape

As the AgentMile project evolves and our community grows, we’re getting plenty of questions and requests regarding our product and vision.

Most importantly, our community wants to know what makes AgentMile different to other blockchain projects in the real estate industry or otherwise? That’s a good question — according to Deloitte,

“… cumulative investments in these startups soared from $2.4 billion to $33.7 billion.”

We’ve heard your questions and here are some facts showing what sets us apart in this thriving industry:

1. We’re an established business

Our business has been going for 3 years. We were founded in 2015 and have been servicing both residential and commercial brokerages.

2. Global customer base

We work with over 1,000 real estate professionals in 20 Countries including franchise networks such as Century 21Coldwell Banker and Property Guru to name a few.

3. High-profile investors

We have two high profile investors on board: Soheil Mirpour, SVP at Rocket Internet, and Ronny Beosing, Founder/CEO at OpenLedger.

4. We’ve signed an MoU with OmiseGO

We have signed a really exciting MoU with OmiseGO confirming our intent to work on several key areas which the team at OmiseGO will help support:

The OMG token, is currently the fifth highest market cap Ethereum project in the world and was the first Ethereum project to exceed USD $1 billion valuation.

5. We’ve gone DAICO with OpenLedger

To give extra security to our token holders and ensure the project’s sustainability in the long term, we’ve become one of the first projects in the world to embrace the DAICO model:

6. Featured by over 25 top industry review sites

We’ve been featured by over 25 of the top industry review sites. Here’s a full list of all our public listings in one handy place along with all our videos reviews and interviews:

7. We now have the 5th largest Telegram group

In the space of a little over 2 months, we’ve grown to become the 5th largest Telegram group, according to to https://tgram.io/. Our community currently stands at 64,987 members and counting!

8. Award-winning products and projects

We have won numerous awards including ICOBox Winner and Great User Experience and Rising Star by FinancesOnline.

9. Why Commercial Real Estate?

We believe that commercial real estate is ripe for blockchain adoption — and the same opinion is shared by industry thought leaders. Take a look at the interesting research published with regards to blockchain in commercial real estate:

– Deloitte

Deloitte is one of the “Big Four” accounting organizations and the largest professional services network in the world by revenue and number of professionals.

– Colliers

Colliers International is a Canada-based global commercial real estate services organization with approximately 15,000 employees in more than 500 offices in 68 countries.

– JLL

After the CBRE Group, JLL is the largest publicly traded commercial real estate brokerage firm in the world.

– Property Report

Property Report is the real estate digital publication run by the Property Guru Group, Asia’s leading real estate portal.

– Forbes

Forbes is the global media publishing original insights into finance, industry, investing, and marketing among other topics.

 


Discover more about the next wave innovation in commercial real estate by visiting our website: https://www.agentmile.com

Useful Links:

Facebook-      https://www.facebook.com/agentmile
Twitter-          https://twitter.com/agentmile
Reddit-           https://www.reddit.com/r/Agentmile
Instagram-     https://www.instagram.com/agentmile/
Linkedin-        https://www.linkedin.com/company/9189378/
Github-          https://github.com/AgentMile
Telegram-       https://t.me/agentmile
Bitcointalk-     https://bitcointalk.org/index.php?topic=3824223
Medium-         https://medium.com/agentmile
Youtube-         https://www.youtube.com/channel/UC_hkY54JHmD4vFg-mIidIpQ

 

 

 

Peoples Token aim to Connect Investors via it’s ‘Community Platform’

Even the most casual of observers has heard of the recent rise of the cryptocurrency market. Those of us who are already part of the ecosystem know that the market is yet to grow. With the ascendance of blockchain, there are huge numbers of opportunities for traders, entrepreneurs, and startups. But right now cryptocurrencies are struggling with a problem typical of emerging economies: the difficulty of obtaining full decentralization of token and legitimate liquidity. A lot of cryptocurrency ICOs pay for ratings and advertisements and fail later on. Paid ratings and marketing techniques are only ways of selling the token without proper deployment of products later on. How can any investor make the right move of investing in the right ICO? With these market dimensions in mind, Peoples Token seeks to develop a collaborative platform and a community (PPL Community) to connect investors of all levels of experience. Using the Community platform, investors will have access to the decentralized development of the token projects which is an Open Opportunity for any developer of the community to avail funds from the PPL community based on voting.

PPL token aims to form a decentralized collaborative community that thrives together with the token and ascertain the development of various projects that uses “PPL token”. The community will be managed by equal participation of all PPL token holders and will strive forward for multiple project developments open for community participants. Such project developments in the interest of community members are open for development to any / all participants, project development funds will be provided from crowdsale collected funds.

For such purpose, 40% of the token crowdsale fund will be reserved for funding new projects which will be open for all community members and developers. This will give an opportunity to explore the mass of developers who already have their ideas and plans but lack basic funds for a startup. Projects will have to incorporate the use of PPL Token as a mainstream utility token in it to ensure access by all PPL Community members. Fund allocation will be dependent on community voting. Community voting and discussions will be supported by PPL Forum – a platform where all the community members will discuss and explore ideas, topics, blockchain news, etc.

Meanwhile, Peoples Token team have decided to develop and launch the dedicated wallet for PPL tokens at the earliest. The wallet will be supported in android and ios devices. The wallet will include an internal exchanger where users will be able to trade with each other in the interface. Wallet will support ERC-20 tokens and basic pairs such as BTC/PPL, ETH/PPL, Altcoin/PPL.

PPL team is also hiring developers for the project and plan to extend out first to community members. Members who would like to take part in the project and work for the development can contact at the earliest. Funds for the project will not be taken from community project fund as it will be completely developed by PPL team. More updates and details will be published later as the team is working on the project progress. The first look of the wallet GUI design is now published. After ICO ends, an updated community forum is planned to be released which will be followed up by this project.

 

To learn more about our goals , whitepaper and roadmap, visit our website — https://www.peoplestoken.org/

Follow us:

Medium- https://medium.com/@peoplestoken
Instagram -  https://www.instagram.com/peoplestoken/
Twitter -  https://twitter.com/TokenPeoples
Telegram - https://t.me/peoplestoken
PPL Forum -  https://www.peoplestoken.org/forum
Email - peoplestoken@gmail.com