Alternative investment entity Colchis Capital has reportedly formed an alliance with infrastructure provider Bison Trails, to discover how the Provenance blockchain can improve real estate management services. 

Specifically, via the alliance, Bison Trails will reportedly offer Colchis Capital node infrastructure, which will assist with the improvement of its business operations. 

As a key infrastructure provider to Provenance blockchain, Bison Trails will provide further support for Colchis Capital, regarding the utilization of the technology, to make real estate investment management more transparent and efficient. 

The investment manager is reportedly creating its self-developed technology stack to bring about interoperability with Provenance. 

The technologies will reportedly collaborate to introduce real-time reporting on cash flows and yields, free of the related costs of generating large data streams.

The alliance additionally set the scene for Colchis to start discovering asset tokenization in the future.

Bison Trails has reportedly offer assistance, infrastructure-wise, to Provenance blockchain – an open-source ecosystem dedicated to developing financial services and DeFi apps – since July, and will take advantage of Bison Trails’ infrastructure to reinforce its network and provide support to crypto holders running validator nodes.

High-profile crypto exchange platform Coinbase reportedly finalized the acquisition of Bison Trails for an anonymous sum in January this year. 

Blockchain technology has been recognized gradually as a potential tool that can resolve numerous challenges affecting the real estate sector.