Global Property Register - real estate market and the use of blockchain

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Today it is almost impossible to find the area where the cryptocurrency would not have reached. The popularity of cryptocurrency makes us think about ways and technologies that will ensure their accessibility for ordinary people.

Let's go a little bit into history. It so happened historically that the real estate industry is one of the most reliable sources for the preservation and increase of capital. but as you know, entry into this market is considered extremely expensive. A person must have above average income, high credit score, and an impressive down payment. In addition, the successful implementation of a real estate project requires the candidate to have a high level of competence, experience, and deep knowledge of law, finance, and construction technologies. In addition, substantial initial capital is required to complete the transaction in the process of buying and selling. This impedes the development of real estate for a wide range of people and concentrates this business in the hands of holding companies, corporations and extremely wealthy people.

Global Property Register is a platform based on blockchain and on the basis of artificial intelligence. Global Property Register (GPR) - this will be the first universal register of real estate, which will be global in nature and will cover both developed and developing countries. The registry will include more than 4.5 billion people (with a property value of $ 20 trillion) worldwide. At the moment they are cut off from the real estate and financial markets. Secondly, it will also provide a global exchange of real estate. This platform will serve as the international digital real estate market for all market participants. Third, analytical solutions and tools based on artificial intelligence will be presented. This will allow you to make informed decisions. Above all, a social network will be created to educate and communicate with people.

The mission of the Global Property Register is to accomplish all of its global plans:

Create a global property registry.
Analytics based on artificial intelligence to support property owners.
Creating a social platform for the promotion of modern solutions in the field of real estate.
Building a real estate exchange where people can buy and sell real estate.

In the meantime, to quicken the procedure of all activities will help the inherent Artificial insight, which won’t just lessen the season everything being equal, yet additionally furnish the client with all the important information for the briefest conceivable time. Another essential detail of Global Property Register is the protection of land objects both from any catastrophic events and from other guaranteed occasions. That is certifiably not a little vital component for all land.

Problems

Blockchain technology has the ability to optimize global infrastructure to address international issues more effectively than existing systems in the current context. Here are all the great benefits that Blockchain technology brings us.

Blockchain in different industries will provide transparency throughout the categories. With a financial transaction, you can observe real-time Blockchain transfer status, instead of not knowing how the transaction status is until the transaction ends, a common problem in the current system. Transparency remains unchanged when applied to all values recorded on Blockchain.

One advantage of Blockchain technology over existing systems is the ability to remove intermediate units by allowing people to deal directly with each other instead of going through certain third parties. This helps billions of people who are living in countries where they cannot trust intermediaries because of decaying government, high crime rates, charter businesses, and operations, Manual record keeping or legal options are very limited.

Blockchain allows the development of primary and secondary trading platforms for securities and real estate “often brings new possibilities to limit previously by creating more liquidity and ease of access for homes. sponsors and publishers

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.

Real estate is notably one of the most stable form of investment and it involves a little amount of risk as an investment mechanism. The global total 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 diferent brokers.

Global Property Register ICO Details

Amicable work inside the framework will be completed by an inner token – XRX, with which clients will be capable not exclusively to buy some land, yet additionally to pay for extra administrations for the enlistment of their property and considerably more. The token itself is created based on the Ethereum blockchain and satisfies the ERC20 guideline.

Altogether, for the improvement of its project, the designers will be discharged 5 billion coins with an underlying estimation of $0.005 US per 1XRX. As a component of its ICO, the group means to gather Hard Cap in the measure of 25 million us dollars. This sum ought to be sufficient to completely run your whole model and begin utilizing it sooner rather than later.

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