In particular, real estate is one of the most stable forms of investment and 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 stocks and securitization debt instruments in the world, and in 2016 the volume of global transactions reached about 661 billion US dollars.
By keeping a constant record of ownership, expenses and transfers, the blockchain can provide certain information that provides a higher level of trust and transparency. This allows each property to have its own numeric address where all information associated with the object can be stored.
This will include financial information, rent, taxes, bills, meetings, comfort, building performance, physical characteristics and transaction history related to the property, which potentially eliminates the need for a deep and expensive name search.
It is important to note that all information on the level of property can be encrypted in such a way that only those who are authorized by the property owner (or creditor agent in the case of a mortgage loan) can access.
Fraud prevention - all transactions that occur on the blockchain platform will be cryptographically signed and verified. Using a time stamp with a consistent mechanism in the blockchain prevents some of the same unit orders / sales, which is a common problem when properties are registered by different brokers.
GPR vision
A world where every homeowner can use the value of his property (home or land). The ownership document is safe and easily accessible. Land and property fraud has been eliminated, especially in developing countries in Africa, Asia and South America.
Our mission
We plan to achieve this by:
Create global property registry
Analytics supported by artificial intelligence to support property owners
Create a social platform for the promotion of 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 an Internet connection can use our solutions and upload land or property to our universal list of blockchains.
Our practical application will be easy to understand and will give you the latest updates. Here is a brief list of other benefits this app will give you.
Features and benefits
The availability of the blockchain network will allow you to simultaneously control a large number of files and documents, while providing all the necessary legislative, regulatory and legal structures with quick access to all the necessary documents and reports. In addition, the blockchain will help reduce the additional financial costs that previously consumed most of the capital of the property owner. Another advantage of the Global Property Registry is its geographical breadth, since this project has the ability to develop around the world without limiting itself to the borders of the country.
At the same time, inborn artificial intelligence will help speed up the process of all actions, which will not only shorten the time of all checks, but also provide users with all the data needed in the shortest possible time. Another very important part of the Global Real Estate Registry is property insurance for both natural disasters and other insurance claims. This is not a small important element for all real estate.
In addition, a team of specialists will provide the best and reliable products for the blockchain-based real estate market, namely:
ICO details
Well-coordinated work in the system will be carried out by internal tokens - XRX, while users will not only be able to purchase some real estate, but also pay for additional services for registering their property and much more. The token itself is based on the Ethereum blockchain and conforms to the ERC20 standard.
In total, for the development of the project, developers will release 5 billion coins with an initial value of $ 0.005 per 1XX. As part of its ICO team intends to collect Hard Cap in the amount of 25 million US dollars. This amount should be enough to fully launch the entire model and start using it in the near future.
The distribution of tokens and funds is as follows:
November 2016: Created a team and concept of global property registration.
December 2016 - May 2017: Proof of concept development.
December 2017: Development of business models and technical documents.
June 2018: the MVP development work begins.
October 2018: Completion of MVP
November 2018: Pre-ICO
February 2019: a global roadshow for marketing.
June 2019: ICO
October 2019: USA, UK, Nigeria.
October 2020: Brazil, India, South Africa, Pakistan
TIM
Greg Pwol: Chief Technical Officer
Victor Mboror Elemi: CMO - Head of Marketing
Chouji Tosanwumi Pwol: CDO - Development Director
Anurag Gautam: Counselor
ADVISORY
Lee Yang: Advisor - Artificial Intelligence
conclusion
People who are looking for something tangible and accessible are clearly interested in this project. Because the concept is quite simple, but can be understood by the masses. This means that people will not face great difficulties in using this tool.
However, do not forget about the risks that exist in all directions and projects, so think carefully before making a decision. Because my review is intended for informational purposes only and does not encourage you to invest in certain projects. I can recommend you to study in detail each project selected separately. And for this I always prepare all the necessary links that you will find at the end of this review. And this is for today and see you!
The official resource of the project Global Property Registration:
ANN GPR Site: https://bitcointalk.org/index.php?topic=5072355.0
Twitter: https://twitter.com/GlobalRegister
Username profile Btt : Galih_Al karim
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