Urbit: The Future of Real Estate Management.

The world’s Real Estate sector is gradually increasing exponentially and this assets consists of land, properties, natural resources and equities. The economics of this market is not limited to the explanation, the description, and the prediction of prices, sales and demand of the Real Estate market. This Real Estate Market has a very great percentage of all the equities and shares in the global market.
But this market is plagued with some problems and issues. One of the most commonest issues faced is the poor transparency and efficiency of this market compared to publicly traded equity and this is due to

The lack of a proper regulatory and no uniform requirements compared to the publicly traded equities
The instances of the trade in this market is low due to high costs of transactions.
The assets here are variable and have different characteristics.
The bureaucratic processes involved here are very difficult to process.

Due to this reasons, the market lacked transparency and efficiency, so this gave rise to the very high possibility of fraud taking place in the platform. As a result of that many marketers were willing to pay a very high fee of transaction just to ensure a better transparency and less incidence of fraud.
Another problem was noticed again and this was the the unreliable storage of the Real Estate informations in the Internet and traditional communications systems and the process of trying to access this information can prove very hard sometimes especially if you are not in the geographical region.

This now posed a question, What can be done to alleviate these problems?

Urbit Has the Answer

A project called Urbit was developed with the sole aim of tackling the transparency issue in the Real Estate market with the integration of Blockchain technology and its applications in the Real Estate market. This platform was designed with the use of smart contracts to execute most of the desired functions on the platform. The blockchain technology will enable faster transactions, transparent and very reliable storage of information.
The benefits of Urbit includes,
*The storage and registration of Real Estate Information and documents in the blockchain network makes it very safe and free from tampering.
*The risk is greatly reduced between the investors and the users.

Easy accessibility to the Real Estate market information stored on blockchain as all of it are stored together.
The use of cryptocurrency on this platform has made transactions faster and more reliable thereby increasing the trust levels.
It has a very unique referencing system that a user can quickly identify his properties.
Users can have access to any property in any location he wants in the world.
Users are rewarded with Urbit Data coins as they utilize this platform.

A short Video Of the Urbit Platform
Video Credit - Urbit Data YouTube Channel

In conclusion, the Urbit project was made successful with very skilled professionals in the Real Estate and the blockchain technology who collect and merge their idea to make it a reality. This project will tackle the major issues of transparency and data storage in the Real Estate market thereby making transactions there easier and more effective.