Blockchain & Real Estate: How mogul Delivers Efficiency, Security, and Transparency

A deep dive into mogul's revolutionary application of blockchain to the real estate supply chain. How blockchain creates a more efficient back-office, which lowers costs and increases transparency, ownership, and returns for investors.
Written by
mogul
Published on
December 13, 2024

Introduction: Revolutionizing Real Estate Investing Through Blockchain

Real estate has long been considered one of the safest and most lucrative investment avenues. It’s no wonder, after all, that 90% of US millionaires became so through real estate. However, the traditional systems that underpin this industry are often inefficient, opaque, and costly. These challenges hinder scalability, reduce investor returns, and create unnecessary complexity in ownership and management. In short - real estate is a highly antiquated industry that lags the technological age we live in. The lag presented mogul with a tremendous opportunity to innovate and change real estate forever.

At mogul, we have integrated blockchain technology into our operations in a way that has never been done before in real estate. Through Avalanche, a decentralized, open-source Layer-1 blockchain, we’ve built a system that simplifies property ownership, significantly reduces costs, and ensures unparalleled transparency and security for our investors.

This case study explores how mogul modernizes real estate investing with blockchain and focuses on.  on the application of blockchain on back-office operations, proof of ownership, and investor protection.

The Challenges of Traditional (Web 2) Real Estate Systems

Real estate transactions and ownership management have historically relied on centralized systems that, while functional, are fraught with inefficiencies and vulnerabilities. Unfortunately, like much of the industry, these inefficiencies have just been accepted by many as status quo instead of challenged for more efficient and lucrative alternatives. Here’s a closer look at some of the challenges:

1. Ownership Complexity in LLCs

In real estate, properties are often held within Limited Liability Companies (LLCs) for liability protection and tax benefits. However, managing ownership within an LLC is complicated, especially when multiple investors are involved.

  • Ownership records must be updated manually, which introduces a high risk of errors
  • Transfers of ownership often require extensive paperwork and approval processes, creating delays
  • Investors often lack real-time visibility into their ownership, relying entirely on the operator’s records
  • Setting up the LLC requires significant expertise to be done right 

2. High Operating Costs

Managing ownership records and ensuring compliance with regulations require significant administrative effort, often outsourced to institutional custodians.

  • Custodian Fees: Institutional custodians in the real estate space charge high annual amounts—and sometimes per month—to manage ownership records, contracts, and compliance. These costs are typically passed on to investors, cutting into returns and making the investment a poor hedge against inflation and other traditional investment avenues
  • Web 2 Infrastructure: Traditional systems involve manual reconciliations, legacy software, and inefficient workflows that drive up costs and slow down operations. Slow, more expensive, and less efficient - who in the world would prefer this?

3. Lack of Transparency and Security

Proof of ownership in traditional models is often difficult to verify independently. Investors are reliant on the operator’s records, which:

  • Can be subject to human error or intentional manipulation
  • Offer limited visibility into the asset’s underlying ownership structure
  • Fail to provide protection if the operator ceases operations or encounters legal challenges
  • Is at times directly tied to another company (as is the case with many other fractional real estate companies) and thus directly affected by any negative eventualities said companies might encounter 
  • Results in 3rd party bad actor problems in which companies create falsified records to take investor capital
  • CrowdStreet and Nightingale Properties Incident: CrowdStreet raised over $60 million for projects that ultimately failed, with funds misappropriated by Nightingale’s CEO, Elie Schwartz. Investor funds were transferred to accounts controlled by Schwartz and drained. The situation led to bankruptcy filings, and Schwartz was indicted for wire fraud. CrowdStreet responded by amending its escrow policy to include third-party accounts to prevent similar issues in the future.

The Stakes for Investors

These inefficiencies and vulnerabilities have real consequences for investors. Higher costs reduce returns, ownership is harder to verify, and trust relies on centralized systems that are far from failproof. mogul identified these challenges early and set out to create a blockchain-powered solution that would fundamentally change the game. We are proud to say we have succeeded, and in doing so have not only created a first-of-its-kind blockchain back-office, but also been able to provide investors with market leading returns and unparalleled transparency throughout.

The Solution: mogul’s Blockchain Integration with Avalanche

Blockchain technology, with its ability to provide an immutable ledger, is ideally suited to address the challenges of traditional real estate systems. By integrating Avalanche, mogul has created a platform that is efficient, transparent, and secure. Here’s how it works:

1. Immutable Ownership on Avalanche

At mogul, every property is tokenized, and ownership is recorded on the Avalanche blockchain.

  • Real-Time Proof of Ownership: Investors can verify their ownership on Snowtrace, Avalanche’s blockchain explorer. This verification is instant and fully independent of mogul, offering a level of transparency unmatched in traditional systems. This can then be cross-checked with the operating agreement of that specific property (here is an example of the Axelrod Operating agreement, on page 42).
  • Immutable Records: Once ownership is recorded on the blockchain, it cannot be altered or deleted, ensuring a permanent and tamper-proof record that we or anyone else can never touch

This immutable ledger serves as a single source of truth for ownership, eliminating the need for manual reconciliations or third-party custodians. It is proof of how much more efficient real estate can truly be, and we are proud to be at the forefront of this.

2. Lower Costs Through Blockchain

By replacing traditional systems with blockchain, mogul has significantly reduced operational expenses:

  • No Custodians Needed: Custodianship, which is traditionally very costly, is no longer required. Ownership is securely managed on the blockchain, eliminating the need for intermediaries that would eat into investors’ margins
  • Automated Processes: Smart contracts handle key functions, such as recording ownership transfers and updating records. This automation reduces administrative overhead and speeds up transactions
  • Lower Barriers-to-enter: As a result of a more automated back-office, investors can enter into real estate for a fraction of what it would traditionally cost. It opens real estate investing to everyone

The savings from these efficiencies are passed directly to investors, allowing mogul to maximize returns without taking a cut from investor profits. In addition to that, it allows us to truly make real estate accessible to everyone, as it acts as a key mechanism for us being able to allow people to invest at lower increments than other platforms. This is yet another key component as to why we are able to provide the returns we do, and one of many ways we ensure investors are receiving the best possible returns from properties vetted more stringently than even Harvard’s admissions process.

3. Secure Digital Wallets with Fireblocks

mogul uses Fireblocks, a secure digital wallet infrastructure, to create wallets for every investor. These wallets store the tokens that represent an investor’s ownership in mogul properties (more specifically: each token represents ownership in the property company LLC or “PropCo LLC” that owns the property. In effect, the token holder directly owns the property without the liabilities)).

  • Top-Tier Security: Fireblocks employs advanced encryption to protect digital assets from theft or loss, ensuring investors know their funds and ownership are safe
  • Ease of Use: Investors can access their ownership records and track their investments in real-time directly through our platform..

Proof of Ownership: Transparency and Protection

Ownership in mogul properties is backed by two layers of proof, ensuring unparalleled security for investors:

1. Blockchain Records

Every investor’s ownership is recorded on the Avalanche blockchain, which is decentralized and immutable. This means:

  • Investors have independent, verifiable proof of their holdings
  • Ownership is completely protected from changes or disputes involving mogul

2. Operating Agreements Registered with Government

Each property on mogul’s platform is associated with an operating agreement for the LLC that owns the property. These agreements are:

  • Formed at the State Level: The LLC is established in accordance with state regulations to govern the ownership and management of the property
  • Recorded at the Local Municipality Level: The actual property ownership is recorded with the relevant county or municipality, ensuring compliance with local property laws
  • Linked to Blockchain Records: The operating agreement explicitly states that "Records of ownership of the Company are held on the Avalanche Blockchain platform,” linking the property’s ownership documentation to the blockchain for transparency and security.

This dual system provides unmatched security and transparency. Even in a worst-case scenario where mogul ceases operations, investors retain full ownership of their assets, protected by both the blockchain and the operating agreement. Sadly, the same cannot be said about other competitors in the space, where investors are unfortunately reliant on that company’s operation and financial-wellbeing for their own investments.

A Comparison: Blockchain vs. Traditional Models

Ownership Verification

Traditional (Web 2) Systems - Manual, reliant on operator records

mogul’s Blockchain Solution - Real-time, independently verifiable on blockchain

Operational Costs

Traditional (Web 2) Systems - High monthly or annual custodianship costs

mogul’s Blockchain Solution - Significantly reduced, savings passed to investors

Security

Traditional (Web 2) Systems - Centralized, prone to manipulation

mogul’s Blockchain Solution - Decentralized, tamper-proof, and immutable

Transparency

Traditional (Web 2) Systems - Limited, operator-controlled

mogul’s Blockchain Solution - Fully transparent and accessible via Snowtrace

Protection

Traditional (Web 2) Systems - Dependent on operator

mogul’s Blockchain Solution - Ownership tied to blockchain and government-registered agreements

Benefits for Investors

mogul’s blockchain integration offers tangible benefits for investors:

1. Enhanced Returns

By eliminating custodianship fees and other operational costs, mogul ensures that investors keep more of their returns. This goes hand-in-hand with our ability to provide operational efficiencies through our key partnerships, secure properties off or pre market, and ensure investors capitalize on key markets that feature carefully curated mogul properties. 

2. Unmatched Security

Investors’ ownership is fully protected by both blockchain and legal agreements. This dual protection ensures peace of mind, even in unlikely scenarios where mogul faces operational challenges. Investors can sit back and know that no matter what happens with mogul, their investment and proof of ownership will never be tied to anything that could happen to us.

3. Transparent Ownership

The ability to verify ownership independently on Avalanche removes any ambiguity or reliance on centralized systems. Nobody can alter this, and the blockchain offers unparalleled transparency.

4. Scalable Growth

mogul’s blockchain infrastructure is designed to scale, enabling seamless onboarding of new properties and investors as the platform grows. We have managed to not only provide much needed transparency in the space, but also create a highly-efficient back-office that in turn provides investors with added security, streamlined efficiency and more profitable returns.

5. Lower Barrier-to-Entry

Blockchain integration allows for fractional ownership, making it easier for investors to participate in real estate markets with increments as small as $250. By democratizing access to high-quality properties, we break down the traditional financial barriers to real estate investing, enabling a broader range of investors to get involved and grow their wealth without needing substantial capital upfront.

Results: A New Standard for Real Estate Investing

mogul’s use of blockchain has transformed our back-office operations and created a secure, efficient, and transparent ownership model. Key outcomes include:

  • Cost Savings: Investors save thousands annually thanks to reduced operational expenses
  • Real-Time Ownership: Ownership records are updated instantly and available for verification at any time in an easily accessible manner
  • Peace of Mind: With dual-layer proof of ownership, investors know their holdings are secure and protected, no matter what happens to mogul

Conclusion: Redefining Real Estate with Blockchain

mogul’s integration of Avalanche is more than just a technological upgrade—it’s a complete reimagining of how real estate investing should work. It brings a key pillar of ours, innovation, to the forefront and enables us to continue pushing the boundaries of just how much is possible in a traditionally stagnant industry when it comes to new ideas and methods. By leveraging blockchain, mogul has eliminated inefficiencies, enhanced transparency, and delivered unparalleled security to our investors.

As the real estate industry evolves, mogul is leading the way, proving that blockchain is not just the future; it’s the present. Investors can now enjoy higher returns, greater peace of mind, and a platform that puts their interests first.

With mogul, real estate investing is no longer a complex, opaque process; it's simple, secure, and built for success. It’s headache free and it’s a perfect representation of what the world’s largest wealth builder should be: accessible to everyone, no matter their knowledge, their starting capital, or their background. 

Interested in investing in properties like The Bowser? Get started today for as little as $250 with mogul Club.

Stay up to date
The latest releases and tips, interesting articles, and exclusive AMA's in your inbox each week.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.