Pioneering proptech: Transforming real estate through blockchain

Pioneering proptech: Transforming real estate through blockchain

On the cover: Robin Ubaghs; Image credit: Gulf Business

The Covid-19 pandemic stood out as one of the most signifi cant challenges of the decade.

However, amidst its adverse impact, a prominent silver lining emerged in the form of accelerated digital transformation. This unforeseen shift towards the adoption of technology led to the rise of numerous success stories, and among them, one noteworthy example is Propchain, a blockchain-powered proptech ecosystem.

Propchain, led by 26-year-old Robin Ubaghs, primarily focuses on proptech and fintech aspects of the real estate industry. “We are mainly creating a blockchain-based ecosystem where we develop and use various proptech-related concepts. One of these concepts is a fractionalised real estate investment platform, allowing people to buy fractions of global real estate assets,” explains the co-founder.

“Within our blockchain ecosystem, we are also working on a vertical that empowers home ownership within challenging markets such as the UAE, where the market is mainly investment-driven, and around 80 per cent of its residents are renting their primary home.

We believe that people should have a more convenient opportunity to build a legacy for themselves, hence why our solution is allowing tenants to build equity in the homes they are living in by reserving a