Trevor Bacon, Co-Founder & CEO of Parcl, discusses real-time real estate data trading, utilizing blockchain for real estate speculation, and mitigating security risks. They explore synergies between real estate, media, and data, regulatory challenges, and the journey of an intern at the podcast.
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Quick takeaways
Parcel provides real-time data for trading on real estate prices, allowing exposure without ownership.
Parcel's platform enables speculation and hedging in the real estate market, influencing policy decisions.
Deep dives
The Need for Real-Time, Accurate Real Estate Data
Parcel aims to provide trusted, accurate, and real-time data for real estate trading. In the real estate industry, data has been delayed, inaccurate, and lacking urgency. Parcel Labs was created to fulfill the need for real-time data for trading on real estate prices without actually owning the assets, enabling individuals to gain exposure to real estate price movements.
Real Estate Trading Platform via Blockchain Technology
Parcel offers a blockchain-based application that allows users to trade on real estate prices without owning the properties. Users can bet on real estate price movements in various cities and neighborhoods. With accurate data from Parcel Labs, the platform ensures transparency and credibility in real-time trading, providing an innovative and accessible way to engage in real estate market activities.
Potential Impacts and Expansion of Real Estate Derivatives
Parcel's trading platform opens opportunities for speculation and hedging within the real estate market. It enables institutions and individuals to hedge their exposure, speculate on different real estate assets, and potentially influence policy decisions based on trading sentiment. As the platform gains liquidity and user participation, it can contribute to setting real estate prices, informing policy decisions, and offering various financial products like insurance and rent price fees.
Trevor Bacon is the Co-Founder & CEO of Parcl, a decentralized real estate trading platform. In this conversation, we talk about where they are getting real estate data from, how they want to help you trade on real estate prices, the impact of real time real estate data, and more.
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