AgentMile: An Innovation In Commercial Real Estate

AgentMile: An Innovation In Commercial Real Estate

The term commercial property, also called commercial real estate, investment or income property, refers to buildings or land intended to generate a profit, either from capital gain or rental income. Commercial property includes office buildings, industrial property, medical centers, hotels, malls, retail stores, farm land, multifamily housing buildings, warehouses, and garages. In many states, residential property containing more than a certain number of units qualifies as commercial property for borrowing and tax purposes.

The commercial Real Estate industry comprises a diverse set of operators that specialize in a variety of real estate activities, including brokerage, property and facilities management, research and analytics, consulting, valuation, appraisal, construction and asset management. Commercial real estate markets showed a signs of recovery in 2013 and have strengthened since. Over the five years to 2018, the industry has experienced relaxed lending conditions and increasing real estate construction. Amid rising consumer spending, the value of private nonresidential construction increased. Industry expansion is expected to continue over the five years to 2023.

AgentMile: Deploying Blockchain Technology

Blockchain technology - a digitized, distributed ledger that immutably records and shares information, could enable the CRE industry to address the inefficiencies and inaccuracies in the industry. According to a 2015 World Economic Forum Survey of 800 executives and information and communications technology sector experts, 57.9 percent of the respondents believe that 10 percent of the global GDP information will be stored on blockchain technology by 2025.

Agentmile realizes that blockchain-based smart contracts can play a much larger role in CRE, potentially transforming core CRE operations such as property transactions (purchase, sale, financing, leasing, and management)

Defining AgentMile

This is a decentralized commercial real estate leasing platform powered by artificial intelligence. The platform is the first of its kind, being an ecosystem that creates an avenue for brokers and landlords  list their properties on the blockchain powered MLS and gives an improved leasing abilities, management and reporting. The main idea is to launch the revolutionary AgentMile ecosystem and Estate tokens. As for the amount, there are currently 100,000,000 Estate Tokens in circulation. With a total token price of $0.20 USD per token. The ICO pre-sale bonus is about 50% and the hard cap for the platform is about $20,000,000.

The team behind the token and company are located in Estonia and Hong Kong. They currently service more than 20 countries across five continents. Through the use of the blockchain technology, they are moving at a speed much faster than they predicted. The advantages inherent in the adoption of AgentMile will help brokerages in addressing some sticking issues. It will change completely the property search process into something that is effortless, instant and transparent. It will increase the property and cash flow management, connect real estate marketers globally that will respond quickly to consumer and investor demand. 

There has been a slow response when it comes to making use of new technology but that is all about to change because CRE brokerages are seriously in need of a system like AgentMile that will bring about an improved analytics and forecasts, empower clients, change the way property is managed.

Useful Link:           Website | Whitepaper | ANN Thread

Author Detail:

Profile Link:      OrangeSeller
ETH Address:   0x1461C3727dC461EfF7B32751dFf56c51c2218d5E

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