Property technology, also known as proptech, is the future of the real estate sector.
In a recent press briefing, Andy Roberts, the chief operations officer and digital co-founder of PropertyAccess, said the evolution of Web 3.0 and associated technologies such as artificial
Roberts noted some elements such as smart contracts, property securitization, and property virtualization are already being used and driving the real estate industry into the next era. “We have created a structure that enables quick deployment of web assets appropriated across different global markets—namely, Japan, South Korea, and the Philippines—by utilizing a centralized data of content, translations and data collection. “With this, PropertyAccess guarantees to deliver their promise of finding properties faster, buying smarter, and investing bigger in their local and overseas communities,” Roberts said.
During the pandemic, Roberts said the online property platform founded by its CEO Hiroki Kazato and chief revenue officer and co-founder Sheila Baylon had to go online. Moreover, PropertyAccess’ showrooms had transitioned into online 3D models. “Open house events have turned into webinars and video tours,” he said.For real estate professionals, the areas of interest are smart contracts and fractionalization, and building information modeling and virtual property.
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