GLOBAL PROPERTY REGISTER: The World's First and Only Universal Real Estate Register:

Francis Odinigwe

Introduction:

Global Property Register is a decentralized ecosystem that provides the first global Blockchain world. We leverage Blockchain technology to make asset registration easier for mankind, especially in developing countries. Global asset registrations (GPR) are the first global real estate registrations that will have a nature all over the world, including developed and developing countries. It will provide evidence of ownership for more than 4.5 billion people (worth $ 20 million) worldwide that are not currently covered by insurance and therefore cut off from the financial and real estate markets. It will also provide a global asset exchange. This platform will serve as an international digital real estate market for all market participants.

Global Property Register (GPR) is the FIRST universal real estate register that will be worldwide in nature, covering both developed and developing countries. It will provide proof of ownership for the over 4.5bn people ($20trn value) around the world who are currently are not covered and hence cut off from the real estate and financial markets. Secondly, it will, in addition, provide a global property exchange. This platform will serve as an international digital real estate marketplace to all market participants. Thirdly, analytical solutions and tools powered by Artificial intelligence will be provided to property owners enabling them to make wise decisions and projection. Finally, to educate the populace a social network for users of the platform will be created.

Value of developed real estate is over 228 trillion USD, which is higher than the total global traded equities and securitized debt instruments put together and in the year 2016, its global transactions volumes reached about 661 billion USD. By maintaining an immutable record of property ownership, encumbrance and conveyance, Blockchain can provide a certainty of information that allows for a greater level of trust and transparency. It can allow each piece of property to have its own digital address where all information relating to the property may be stored.

This would include financial information, leases, taxes, bills, liens, easements, building performance, physical characteristics and the transaction history relating to the property, potentially eliminating the need for expensive in-depth title searches. Crucially, all property level information can be encrypted in such a way that only those with permission by the property owner (or agent lender, in the case of a mortgage loan transfer) can be allowed access. Prevention of Fraud — All transactions that occur on the on a Blockchain platform will be cryptographically signed and auditable. The use of timestamps with consensus mechanism on the Blockchain has the ability to prevent double booking/selling of the same property unit, which is a common problem when a property is being listed by different brokers.

GLOBAL PROPERTY REGISTER APPS:

Once you’ve entered into our ecosystem, you can manage everything. Anyone with a smartphone and an internet connection can use our solutions and upload his/her land or property on our universal Blockchain register. Blockchain Land transfer process: More accurate Faster Costs Less Speeding up Future Title Search Resulting in: A reduction of claims Reducing operational costs (headcount savings), $3 billion USD annually in the US. Ubiquity with Blockchain technology has the potential to eliminate transactional risk from the existing land registration system Blockchain could bring $550 million in claims/legal savings: reducing costs to $200 million.

THE PROBLEM:

• Most Land and Property is not registered. The World Bank says that only 30% of land rights are registered or recorded worldwide — and this needs to change. Most countries do not have a central property register.

• Current Land and Property registers are open to abuse. These are held in databases or paper forms that are open to abuse and alteration by corrupt officials. These officials often alter the records in return for bribes or favors.

• The records are not safe from theft or natural disasters like floods, fires and hurricanes.

• The Registers are fragmented and not all inclusive. In the United Kingdom for example each Scotland, Wales, England and Northern Ireland all have separate registers. More importantly not all properties are on the register. In England only property above £45,000 is required to be registered meaning hundreds of thousands of properties are excluded.

THE SOLUTION:

• We are building a register for those countries of the world which do not have one. Our Global Property register on the Blockchain will provide for over 4.5bn people a state-of-the art property register

• Because it is decentralized and on the Blockchain, it is secure and not open to abuse or manipulation by any one party. It is an immutable record with a full transaction history.

• Records are safe and secure from natural disasters like floods, hurricanes and fires.

• The Global Property Register is universal and all-inclusive. All types of property irrespective of value will be included.

PROJECT BENEFITS OF GPR PLATFORM:

Real estate, in particular, is one of the most stable forms of investment, and it represents a small risk as a means of investment. The total value of development in the world is more than 228 trillion US dollars, which exceeds the total number of traded shares and securitization debt instruments in the world, and in 2016 the global transaction volume reached around 661 billion US dollars. By maintaining a consistent record of ownership, expense and transfer, the Blockchain can provide certain information that provides a higher level of trust and transparency. This can allow each property to have its own numeric address, where all information related to the object can be stored. This will include financial information, rent, taxes, bills, promises, comfort, building performance, physical characteristics, and a history of transactions related to property, which potentially eliminates the need for in-depth and expensive name searches.

It is important to note that all information about the level of property can be encrypted in such a way that only those who, with the permission of the property owner (or creditor agent, in the case of a mortgage loan), can obtain access. Prevention of fraud — all transactions that occur on the Blockchain platform will be cryptographically signed and verified. Using a timestamp with a consistent mechanism on the Blockchain prevents multiple bookings / sales of the same property unit, which is a common problem when properties are registered by different brokers.

GLOBAL PROPERTY REGISTER VISION:

A world where every homeowner can use the value of his property (house or land) Property documents are safe and easily accessible. Fraud of land and property has been eliminated, especially in developing countries in Africa, Asia and South America.

OUR MISSION:

We plan to achieve this by:

Create a global property registry

Analytics is supported by artificial intelligence to support property owners

Create a social platform to promote modern real estate solutions

Build a real estate exchange where people can buy and sell real estate

Global list of applications for mobile applications

By entering our ecosystem, you can manage everything. Anyone who has a smartphone and internet connection can use our solutions and upload land or property to our universal Blockchain list.

Our practical application will be easy to understand and will give you the latest updates. Here is a short list of other benefits this application will give you.

Global Property Search,

Property Toolbar,

Intelligence-supported analytics

GLOBAL PROPERTY REGISTER TOKENS INFORMATION: