If a few years ago about the blockchain was not known almost nothing, now this technology is used in a variety of areas. In addition to Finance, blockchain is used in medicine, energy, logistics, manufacturing, and even agriculture. In this regard, the real estate sector is no exception.
As an asset, real estate is of great value and has always enjoyed high interest from investors. However, investments in buildings and land have their drawbacks, and the process is not as simple as it may seem at first glance.
First, most real estate objects are quite large assets, which requires millions of dollars to work with. Such investments are not feasible for everyone, so small investors, even with free funds, are "overboard", and the most profitable and profitable objects go to the big bosses.
Secondly, in its current state, the real estate market is not transparent enough: the original price of the property may differ significantly from the amount that, in the end, the investor will pay for it. This is due to the high cost of intermediaries, who until recently try not to advertise their commissions. In addition, the re-registration of property rights and other bureaucracy also requires costs that fall on the investor's wallet.
Third, the real estate market is segmented, and suffers from a lack of information. It will be difficult for an investor from Europe to find an interesting object for investments in America, especially remotely. And hiring intermediaries and paying for their services can significantly reduce the overall benefit of the investment project.
Blockchain technologies are able to solve most of the problems of the real estate sector, and therefore it is not surprising that ICO is already being launched by startups working in this direction. Urbit Data is a blockchain project designed to make a revolution in real estate.
What is Urbit Data
Urbit Data is a project that offers the world's largest blockchain platform for trading, renting and other real estate transactions.
According to the developers, the Urbit data platform should solve all the current problems of the real estate market and bring transactions with land plots and buildings to a new level of convenience and benefits.
First, due to the fact that all operations of Urban Data are recorded in the blockchain, information about transactions and real estate objects will be extremely transparent. There will be no hidden information from investors, and all conditions will be registered in smart contracts.
Secondly, the platform will allow to combine supply and demand for real estate from all over the globe. A Hong Kong buyer will have no problem buying a house in England, and the blockchain will ensure the reliability of the transaction.
In addition, all transactions within the platform will be carried out in the shortest possible time and with minimal fees. A mobile application has already been developed for Urbit, which will allow you to monitor all operations from anywhere in the world.
ICO and tokens
Pre-sale of URB tokens will start in June 2018. The date of the public ICO has not been announced yet.
Hardcap project is 19 million dollars, softcap – $3.5 million.
The starting price of the token on pre-sale will be 0.10 USD, a bonus of up to 30% is provided. A total of 600 000 000 tokens will be issued.
Project team
To implement this project was assembled a team of professionals from different industries: programmers, marketers, specialists from the field of real estate, marketing, Finance, tourism, etc. The experience gained in other companies will definitely help to develop this project.
Conclusion
The Urbit Data team plans to release a ready-made platform on the blockchain by the beginning of 2019. If the developers will be able to implement their plans in full, the project will certainly be in demand in the market. Given the rather modest softcap, with the collection of funds from the project should not have problems.
It should be noted that Urbit Data is not the only blockchain platform for real estate transactions. Back in 2017, a number of startups announced a similar idea, and some have already managed to hold an ICO with a different degree of success. Due to these factors, the speed of release of the finished product becomes the primary task of the team, but the developers will have to withstand a high level of quality to compete with already launched projects.
All additional information about the project Urbit Data can be found from official sources:
