I propose a solution based on property tokenization using blockchain technology. This solution divides a commercial property into digital tokens, each representing a fraction of ownership. Investors can purchase these tokens at affordable prices, gaining a proportional voting power in key decisions regarding the property, such as renovation plans, usage, and resident selection. The funds from token sales will be used to enhance and repurpose the property, revitalizing it and increasing its value.
- This approach directly addresses the urban challenge by transforming underutilized or vacant commercial spaces into thriving, income-generating assets. It enhances liquidity, lowers the investment entry barrier, and attracts a wider range of investors.
- Simultaneously, it reduces costs associated with property sale while pooling funds for property renovation and improvement.
- The use of blockchain ensures transparency and security, building trust among investors and ensuring the integrity of the process.
