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Report: French Law Firm and Blockchain Company Create Working Group on Real Esta... (crowdfundinsider.com)France is a country that is pursuing a regulated path for the tokenization of securities. The Pacte Law (Loi PACTE) is predicted to be signed into law at some point this spring.
Ostensibly, the legislation will define the issuance, and management, of digital assets. In light of the legislation, new companies are being launched and opportunities are being pursued.
Last week, in a report published by the Global Legal Post, it was revealed that CMS Francis Lefebvre Avocats, one of the largest business law firms in France, has formed a “working group” with Olarchy, a blockchain firm targeting real estate, to “study the challenges and opportunities of tokenizing real estate.
”Real estate, or property investment, is frequently viewed as a leading opportunity for securities issued via blockchain.
The report references Jean Michel Mis, a Member of the French National Assembly and author of a report on blockchain tech, explaining the “digitization of real estate and the tokenization of the economy makes it ‘crucial that the actors of these two ecosystems collaborate.
”Mis believes that “drastic changes in investment and real estate use will occur in the next five years.”The Pacte Law is expected to be approved within the coming weeks and actionable later this year.-
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Francisco Gimeno - BC Analyst The blockchain can't be adopted everywhere unless there is a holistic approach. French government seems to understand this, supporting companies which digitise and tokenise the economy, as seen in this article, while working on positive regulations.- 10 1 vote
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Blockchain is truly a transformational technology , The challenge is to try bring it mainstream so that people outside of the Blockchain community can understand and take advantage of its benefits. Blockchain has the ability to impact the entire value chain, as opposed to just processes . it is not re-engineering, it is total re-imagination
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Francisco Gimeno - BC Analyst The blockchain's world, hopeful and creative as it is, is yet unknown for a majority of people who mainly link it to bitcoin or some new about criminals using cryptos. 2019 onwards we have the opportunity to re imagine, disrupt and transform, showing real solutions based on the blockchain technology to economic and social issues. People don't need to understand how the blockchain works and we don't need to understand how Google works to use it. But everybody will accept solutions based on the blockchain. Let's do it.
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