In the previous article, "Meta Earth Network Focuses on Empowering Traditional Industries, Boosting RWA Development," we discussed how the ME Network aims to empower traditional industries. This article will illustrate how ME Network can enhance the real estate industry once fully developed.
The real estate sector is a significant traditional industry with widespread involvement. Despite the rise of proptech companies, most innovations remain focused on customer experience, with the industry's transaction processes remaining conservative. Challenges such as fragmented property information, low information flow efficiency, lack of transparency, low transaction efficiency, and poor interoperability hinder the industry's growth. However, the emergence of RWA (Real World Assets) provides a direction for real estate to enter Web3.
RWA typically refers to real-world assets that can be represented and tokenized on blockchain. For the real estate industry, RWA can enhance liquidity, improve asset efficiency and transaction transparency, reduce settlement time and costs, and enable fragmented and global investments, benefiting a broader user base.
With the official launch of public testing, Meta Earth, as a pioneer in the RWA field, is accelerating the transformation of traditional industries. Let's imagine the exciting possibilities when ME Network, a modular high-performance blockchain, intersects with the real estate industry.
In the ME Network, various related assets, such as land ownership, land use rights, building materials, houses, and rents, can be tokenized and assigned different transaction attributes. By anchoring these assets with the native Meta Earth token (MEC), they can be digitized, enabling fragmented transactions. Transaction processes can be encoded into smart contracts, allowing transactions without time and space constraints. Payment flows can also be encoded into smart contracts, ensuring unalterable, traceable, and highly transparent flows.
ME ID, as a compliant digital identity credential issued to Meta Earth citizens, provides strong trust endorsements. In the future, ME ID holders can create and publish property information on the Meta Earth network, verified by local authorities to form property credentials. The digital real estate on the Meta Earth network will create a shared property listing system, providing real-time, accurate global property information, including ownership, brokers, location, surrounding environment, address, rent levels, capital value, ownership history, lease details, property age, etc.
