Real estate industry is still wary about blockchain and cryptocurrencies

Entrepreneur William Skelley co-founded iFunding, an investment platform that helped pioneer real estate crowdfunding, in 2012. But the company quietly shuttered last year, while several other crowdfunding startups also fizzled.

Now Skelley is trying to shake up real estate finance again, but this time he’s betting on something else: blockchain — electronic records that are encrypted and linked across a network of computers.Skelley recently founded the blockchain consultancy William Christopher and is advising New York developer Ruben Azrak on his real estate-based cryptocurrency, Realecoin. The digital currency launched last year, and Azrak plans to use it as a new tool to help fund his deals.

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