The global real estate industry is flourishing rapidly. According to research, 2017 saw the global office
leasing industry grow and reaching a new apex. The research noticed that the industry received its
highest leased volume in the last 10 years as more than 11 million square meters of office spaces were
leased. For 2017 alone, the volumes touched 40.7 million square meters, which was an improvement
over 2016 by 4 percent.
For offices, the rents increased by 4 percent in 2017, twice as much as the research predicted in the
early 2017. For residential homes, the report observed that the fresh supply exceeded the demand.
Rental growth was seen to be decreasing year-wise but an increase was recorded in the national
vacancy figures.
The report opined that the rental and leasing industry is expected to perform well in 2018, especially for
commercial markets. However, the global rental and leasing markets cannot yield maximum results
without the introduction of Blockchain in the scene.
Traditional business processes are slowing the progress in the industry as many hurdles discourage the
investment in the industry. With the transparency of Blockchain and through the emergence of Bitsrent,
investors, realtors and the common man can now rely on a service that is posed to deliver fair
transactions for the stakeholders from any location in the world.
How Bitsrent Proves Its Service?
The team at Bitsrent realizes the limitations of the current rental and leasing industry. Thus, Bitsrent has
been developed with the objective to modernize the leasing industry and transform it into a futuristic
solution where anyone can partake easily without any hurdles.
Bitsrent is decentralized. Decentralized platforms and applications are the key component of the
Blockchain technology. Decentralized means that no central authority (like banks) can serve as a
middleman and the industry will be supported and backed by its real community consisting of realtors,
investors, potential buyers and other relevant stakeholders. Through the backing of the community,
Bitsrent can flourish and advance by incorporating the best practices and features into its platform.
Thus, the client satisfaction can be expected to reach previously unforeseen heights.
Interestingly, Bitsrent has not only utilized the best of the Blockchain, the platform has also integrated
Ethereum’s Smart Contracts in order to make the best of the widely popular and reliable Ethereum
Network. Bitsrent token can act as a currency, share, rewarding mechanism as well as a token for proof
of the ownership for a commercial or resident property.
Additionally, before its crowd sale, the project has finished exemplary work. After the ICO launch in
September, the token is expected to be listed on international exchanges like KuCoin. The much-awaited
application for Android and iOS is expected to be launched on the Android and iOS app stores by the
year’s end. With the arrival of 2019, Bitsrent aspires to achieve bigger goals with the listing of its token
on a greater number of exchanges with March and April being highly important for the platform. The
Blockchain-powered platform has finalized these months for the technical implementation of Bitsrent.
