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Short Term Trading Week Starting: 9th Apr, page-39

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speckledjim1

10,843 Posts.

38

09/04/18

13:28

Post #: 32318851
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Originally posted by peejayhercules ↑

PCH - "Live Offer Rental" looks interesting and has the potential to drive the SP higher.

Using blockchain technology in realestate appealed to me, so I asked IBN management about it. This was their reply:

“... blockchain sounds impressive but is not possible in Real Estate in Australia as various states in Australia do not permit digital signatures and e -titles.

Whilst this maybe disruptive and exciting nothing can be done until it’s legalised.

If it was legally possible it would have happened by many companies in the industry so being an early adopter it does not mean consumers agree with the methodology as this is the biggest investment if their life so naturally there will be trepidation until Governments rubber stamp this method .

Bit like Cryptocurrencies private consumers want it to happen Governments and Banks have rejected this form of currency . When they accept it then it becomes a reality.”

Cheers

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Thanks!
Held for a while not not life changing amount but the vol is there lately and simmering
Not sure where it goes now tbh

XAO Value at posting: 5,906.5
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