ATLANT: THE FUTURISITIC VISION FOR REAL ESTATE
"I view real estate as the most intriguing opportunity that I've seen in my business lifetime."
_ -_ Richard Rainwater
Real estate is property comprised of land and the buildings on it, as well as the natural resources of the land. Real estate also refers to producing, buying and selling real estate. The real estate industry is a critical driver of economic growth. Real estate throughout time and to this day remains the greatest source of wealth for most families; in fact, it is the largest asset class globally. Real Estate is the largest asset class in the world, and also one of the most inefficient.
Types of real estate:
- Residential real estate includes both new construction and resale homes. The most common category is single-family homes.
- Commercial real estate includes shopping centers and strip malls, medical and educational buildings, hotels and offices.
- Industrial real estate includes manufacturing buildings and property, as well as warehouses.
ATLANT: World's Real Estate Blockchain Platform
ATLANT Platform with their motto "Invest, Rent, Trade" is a global real-estate platform based on blockchain technology. It is a tamper-proof system that assures finance development. ATLANT platform seeks to help subdivide individual parcels of real estate into tokens, and subsequently PTO (Property Token Offering) and list them on exchanges, starting with the decentralized ADEX exchange based on Ethereum smart contracts. ATLANT platform is being developed as an open source framework with respect to both rental P2P network and tokenized property of assets, which continues to operate and trade on the Ethereum network, independent of platform's contributors.
ATLANT addresses both the short- and long-term real estate rental markets by lowering fees, using decentralized conflict resolution and making this market truly P2P, eliminating various middlemen, and also ensuring that reviews and listings are honest, as they are stored on an immutable blockchain.
Problems faced in Real Estate Industry:
1.Trading problems
Most real estate ownership globally is single ownership, or at most divided between just a few parties. This creates a problem as rising prices have outpaced consumer income and savings and have left the ability to purchase real estate assets to just a small subset of the population. Also, high transaction costs and inefficiency in transactions themselves posses a problem for the consumers. Many people fear to invest in real estate because they lack global reach and fear prohibitive costs.
2.Role of middlemen
Sharing economy completely favors the idea of a transparent relationship between the host and the tenant. But currently, P2P economy is not fully implemented, because there remains a middleman in the form of а booking service or agent which takes the role of а guarantor and arbitrator in resolving disputes and nonstandard situations.
3.Fake reviews
Reviews and description and quality of amenities in rental properties on many platforms are collected by a proprietary nontransparent internal database, leading to potential abuse of the system, by changing/deleting of reviews, or host self-rating. Often, this centralized system is criticized because these platforms have an outreach to the consumers convincing them to change negative reviews for positive ones, offering refunds or making other amends.
Solutions provided by ATLANT:
ATLANT strives to remedy the situation of illiquidity and opaqueness in the real estate market. Approved lawyer, or competent local authority in each respective jurisdiction, verifies legal documentation provided by the listing party and digitally signs each document pertaining to the property. This ensures that documents become immutable and virtually impossible to forge. If sometimes documents need to be updated legally, it uses ADDS versioning provided by the IPFS protocol.
ATLANT has created a decentralized solution for eliminating the role of rentals. Any lessor may get listed on the platform by providing a real-world identity and sending a security deposit into the escrow contract provided by the platform. This is a protective measure against rental listing spam and ADDS bloating.
ATLANT utilizes its distributed data store ADDS to solve problems of rating persistence and accessibility, while Ethereum blockchain is used for timestamping and securing data, which enforces rating immutability.
Why invest with ATLANT?
ATLANT platform is being developed as an open source framework with respect to both rental P2P network and tokenized property of assets, which continues to operate and trade on the Ethereum network, independent of platform's contributors. ATLANT provides a clean UI, utilizing EVM contracts under the hood.
- PRICE DISCOVERY: Real estate assets are tokenized and freely tradeable on digital asset exchanges, ensuring price transparency and discovery.
- LIQUIDITY: Buyers and sellers are able to trade property tokens without causing substantial changes in asset prices.
- LOW FEES: Overhead is eliminated and users pay substantially lower commissions on both purchase and rental transactions processed via smart contracts.
- ACCESSIBILITY: Investment is denominated in divisible tokens, enabling users to diversify their asset holdings and invest with even modest portfolio size.
Token Details
Atlant ICO starts on September 7
Price of 1 ETH= 505 ATL some bonuses will also be given
To Participate in the token sale and know more about it visit:
Website: www.atlant.io
Bitcoin talk Thread: https://bitcointalk.org/index.php?topic=2053239.0
Twitter: https://twitter.com/atlantio
Facebook: https://facebook.com/atlantplatform/
Written By: Karan
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1030341