How blockchain is shaking up commercial real estate
When it comes to investing in commercial property, Aditya Koparde and Shaily Srivastava want to be the new kids on the blockchain.
“We did our MBAs together, and one day when we were having lunch, we wondered how technology might disrupt the real estate investment market,” Ms. Srivastava says.
That lunch nearly three years ago led them to co-found Acreageway, a blockchain-based, real estate investment company that will be open for business in April.
Mr. Koparde and Ms. Srivastava, the company’s president and chief executive officer, respectively, are aware even people who are sophisticated in finance, investment and property still struggle to understand blockchain and related concepts such as cryptocurrency and bitcoin – and how these might affect the commercial real estate sector.