Introduction
Real Estate is one sector that has put the world's economy at the forefront for over a decade. With this special industry generating a mind-boggling figure of over $200billion in revenue annually, there is no doubt to the fact that this industry has set a high standard for itself, making it one of the most prevalent industry in our world today.
However, like any other leading sector in the world today, Real Estate also has its fair share of setbacks which has threatened to stunt its development of over the years.
Problem Associated with the Real Estate Industry
Trust Issues:
Real Estate is a vast market that involves many stakeholders and in order for this market to thrive, there is great need for trust between every party involved. In recent years, there have been several cases where major deals have crumbled due to lack of trust sometimes between Property owners and agents, Rental agencies and Renters and a whole lot of stakeholders involved in this sectors have also had their problems of trust to deal with in one scenario or another.
It is really sad to note that no matter the significant progress this sector has tried to achieve in the area of trust, one thing is inevitable; Provided the number of participants in the Real Estate market is large, the issue of trust will always be on the table and the need for a lasting solution is urgent.
Frivolous Expenses :
One problem clients have to put up with occassionaly in the real estate market is frivolous expenses.
Most of the leading Real Estate portals today require monthly subscriptions in order for property owners to get their properties listed on these portals and most times these large sum of money are paid without any assurance that the desired result will be gotten.
Huge subscription fees and Agent bills are few examples of frivolous expenses that property owners have to put up with occasionally in this sector.
Lack of Information:
Major stakeholders inability to get credible and sufficient information has also posed a great problem to the development of the Real Estate market. Most times, developing agencies make the mistake of publishing list of properties on portals based on their budget and sometimes withholding vital informations from potential buyers. Generally, in this ever-growing industry, lack of information in most cases has led to the termination of many business transactions.
Lack of Third-Party Involvement:
Lack of third-party involvement in some major deals between buyers and sellers most times has led to the termination of most these deals before completion.
Majorly in the Real Estate business, the presence of a third-party, most times in form of an agent is key in order to see the deal go through smoothly. The Estate Agent helps to build trust between the two sides and also give full details about the terms of agreement before any deal is signed.
Highlighted above, are some of the major problems which are being experienced in the Real Estate industry. With these problems posing great to the development of this sector, there is urgent need for a solution. The goodnews however, is that ZILLIOS (A recently launched Project) has created an ecosystem where these problems are addressed completely with the best form of technology available.
Below, is a concise and informative review on ZILLIOS; A Blockchain-based project aimed at offering lasting solutions to these problems faced in the Real Estate Industry.
Introducing ZILLIOS: A One-Stop Solution to the Setbacks Experienced in the Real Estate Industry
What is ZILLIOS?
ZILLIOS is a blockchain-powered platform with the aim of leveraging State-of-the-art technology to offer cutting-edge solutions to all problems being faced in the Real Estate Industry today.
ZILLIOS leverages blockchain technology as well as smart contract to provide stakeholders in the Real Estate industry the needed advantage in order to thrive in this sector. Amongst other countless benefits which ZILLIOS will provide, Transparency is the key feature this project will provide which will help solve the major issue being faced in the industry; Trust. With ZILLIOS, users are assured of the best services they could have ever imagined coupled with total convenience which blockchain technology will provide to the system.
You could simply watch the video below to get a visual knowledge of what Zillios is all about.
Source
ZILLIOS Leverages Blockchain Technology to Provide Countless Benefits to the Real Estate Sector
Benefits ZILLIOS provides through Blockchain Technology
ZILLIOS leverages the transparency of Blockchain to help build trust between Stakeholders
ZILLIOS provides a secured storage system for property records through Blockchain Technology
ZILLIOS cuts the extra costs which are being associated with the Real Estate industry. Making transactions more efficient and cost effective
ZILLIOS works with a stable system to ensure Sustainablity. This makes it stand out among other related projects.
How does ZILLIOS plan to Satisfy Every Stakeholders Involved?
The ZILLIOS Scheme is aimed at satisfying every stakeholder involved in this sector. ZILLIOS believes that every stakeholders deserve to be satisfied after a transaction since it is one of the sole objective of every Real Estate plan.
Sellers: Property Owners and Agents
The benefits ZILLIOS provides for sellers is truly fascinating. With sellers given full liberty to list all their available properties without any restrictions whatsoever for a subsidised fee. ZILLIOS for sure knows how to conduct Real Estate business. By leaving the Property owners and agents at the driver-seat like it has never been done before, they have the ability to decide the visiblity of any of their listed property based on its geographic location. Coupled with this amazing benefit, sellers are assured that their listed properties are being accessed by the right audience.
ZILLIOS also leverages blockhain based smart contract to help ensure owners can facilitate transactions from anywhere in the world through a transparent and efficient system without an agent using the ZILLIOS token.
Buyers
ZILLIOS provides the best platform for buyers to explore various properties with liberty. The special benefit ZILLIOS has prpvided for sellers to be able to list any of their property at a subsidised fee is for sure a great advantage to the buyers. Now they have a wide list of properties they can choose from based on gheir preference.
ZILLIOS also provides a platform where buyers can perform transactions without any fear whatsoever, with their blockchain-powered secured system.
Vacation Rental
ZILLIOS offers unique benefit for rental agents and vacation home owners. ZILLIOS provides a platform where vacation properties can be listed for free and a flexible cost-per-click bidding system can be used to influenced the geographic listing of these properties.
ZILLIOS also charges 0% rental commission which will give vacation renters that edge they deserve in the Real estate sector.
Third Parties
Special attention and priviledges will also be given to a variety of Real Estate related services which include the lawyers, banks, insurance companies, mortgage brokers, constructions companies and more. The platformwill help provide them them with the necessary tools and exposure to connect with property owners and agents on the ZILLIOS network. A avenue to interact with experts based on their field of specialization will be made avaliable through the ZILLIOS API.
ZILLIOS Roadmap
For More Information and Resources:
ZILLIOS Official Website
ZILLIOS Whitepaper
ZILLIOS Medium
ZILLIOS Twitter
ZILLIOS Facebook
ZILLIOS Linkedin
ZILLIOS Telegram
All unsourced Images were culled from the project's official whitepaper
BountyOx username: mrrpiusz