As a team member, can you tell us about your role in the IAT project?
With the Philippines as the first launching ground for the IAT project, it is essential for the team to have a full grasp of the Philippine real estate environment: best practices, gaps and other opportunities for improvement.
As the team’s Lead Real Estate Market Advisor, my role is to impart to the team the ins and outs of the industry, including applicable laws and regulations; connect them to the key industry players, governing bodies and personalities; and share to the them my experience way back when I started as an in — house agent until now that I practice general brokerage as a licensed broker and appraiser.
Also, anticipating the fact that resistance to this new and unique idea is a challenge, it is imperative to look at the behavior and character of Filipinos as investors and property owners. What is the level of awareness of an average Filipino to cryptocurrency? More so, what is his take on the union of cryptocurrency and real estate business into a single ecosystem? Most importantly, we continue to review, analyze and assess the industry and the Philippine economy, as a whole, to ensure the project’s sustainability and relevance in the coming years.