Alternative investment firm Colchis Capital has partnered with infrastructure provider Bison Trails to explore the potential utility of Provenance blockchain in enhancing existent estate management services, demonstrating yet another promising utilize case for distributed ledger technology.

Through the partnership, Bison Trails will provide the San Francisco-based Colchis Upper-case letter with node infrastructure that can be used to enhance its business operations, the companies appear on Tuesday. Every bit a key infrastructure provider to Provenance blockchain, Bison Trails volition also assistance Colchis Capital in utilizing the technology to bring more efficiency and transparency to real estate investment management.

The investment manager is developing its ain technology stack to provide interoperability with Provenance. The technologies will work together to provide investors with real-time reporting on greenbacks flows and yields without the associated costs of generating large data streams. The partnership also paves the way for Colchis to begin exploring asset tokenization in the hereafter.

Bison Trails has provided infrastructure support to Provenance blockchain since July. Provenance, which is an open-source ecosystem for developing financial services and DeFi apps, utilizes Bison Trails' infrastructure to strengthen its network and provide support to crypto holders running validator nodes.

Bison Trails was acquired past Coinbase for an undisclosed amount in Jan 2022.

Blockchain technology has been touted equally a potential solution to many of the challenges impacting the existent estate industry — challenges related to trust, transparency, contract processes and toll. The technology is being put frontward as a mode to democratize real estate buying in an industry that has go increasingly restrictive to the general population.

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Real estate tokenization has been talked about for years but has yet to emerge as a prominent employ case for blockchain technology. That could modify over the next five years every bit small fragments of the global real estate market begin tapping into blockchain solutions. London-based consultancy Moore Global recently provided a bourgeois forecast of how real estate tokenization could hit $1.4 trillion in the next few years.