The tokenization of global property markets is becoming a reality. Decentralized oracle network chainlink is set to power a tokenized real estate platform serving the Latin American property market.
The tokenization of global property markets has been an ambitious goal of the blockchain space, and decentralized finance could offer a novel solution for the sector to pick up the pace.
LaProp will look to leverage Chainlink Keepers’ node operators’ track record in securing billions of dollars invested in DeFi markets. The decentralized automation service carries out tasks for smart contracts on the BNB Chain and, in this instance, will automate secure rental payouts to token holders.
Chainlink’s ability to handle smart contract functions will see rental paid by tenants automatically distributed to multiple token holders of the given property. Payment terms and schedules can also be edited per property.
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