IAT: THE REAL ESTATE MANAGEMENT PLATFORM

kingdavid-7 (8)in #ethereum • 6 years ago

Real Estate management has been one of the most profitable ventures known to man. Totaling up the global property value (residential, industrial and agricultural land), the market cap is a staggering value of above US$210 trillion with residential property making up about 75% of it.

Is there any platform that can guarantee the efficiency of Real Estate Management?
Yes, there is.
Which platform is that?
It is IAT (Instant Assets Token) Platform, powered by blockchain technology.
Wow!
This is lovely.

So, what is IAT all about?
IAT is a real estate tokenization and will be released via a process of ICO (Initial Coin Offering) on the Ethereum network and will be ERC- compatible. Funds raised from this ICO will be used to develop the IAT blockchain and assets will be acquired to form the initial bulk of properties in the IAT ecosystem. The asset management will be undertaken by our existing management company that is currently operational.

The Problems with Traditional Real Estate Market?
Despite the potential profits of real estate market, buyers find numerous problems and limitations regarding real estate. IAT, to maximize benefits and minimize losses people might incur, aims to solve problems such as:
• All Round Transactional Costs
• Integrity and Security
• Transparency of Transfer
• Time and Costs Savings
• Restriction to Foreign Investors

All Round Transactional Costs
Cutting out inflated costs by parties such as developers, taxes, brokers and agents. The total cost of buying and selling a property in the Philippians is at times inflated to as high as 24% of the property value. We are looking to cut that total costs down by at least half.
Integrity and Security
The decentralized nature of the Blockchain technology ensures that records stored on it cannot be changed or controlled by a single source, thus providing security against malicious attacks such as hacking.
Transparency of Transfer
Information stored on the blockchain is accessible by all which makes the data transparent and immutable. The possibility of frauds and ownership dispute can be almost eliminated with the high degree of transparency.
Time and Cost Saving
The current process of ownership transfer can take months due to the various parties involved and the need to verify the documentation during various stages, usually with the assistance of a lawyer. The blockchain technology will be able to address the above by maintaining a uniform source of information for all the parties that are involved in the transaction. Also, emerging platforms focusing on other functions such as payments can be integrated in future. The project will also be providing a platform for listings.
Restrictions to Foreign Investors
Countries have been known to implement regulations to curb a growing real estate market by imposing restrictions on foreign purchases in an attempt to slow or stop the market from ballooning or forming a bubble.

The Solutions
Due to the revolving challenges in Real Estate Management, there rise the urgent need and application of Instant Assets Token (IAT) for easy, efficient fast transactions making for all investors.
• Instant Assets Tokens (IAT)
The IA Tokens concept is a form of real estate tokenization and will be released via a process of Initial Coin Offering or ICO on the Ethereum network and will be ERC-20 compatible. Funds raised from this ICO will be used to develop the IAT blockchain and assets will be acquired to form the initial bulk of properties in the IAT ecosystem. The asset management will be undertaken by our existing management company that is currently operational.

• Native Instant Assets Tokens (NIAT)
The NIAT will be the local token equivalent of the IA Tokens. It will reside within each individual real estate market and is pegged against the country’s native currency. As such, each country will have its own NIAT. It will not be minted on its own and can only be purchased using IA Tokens. This is to ensure that end users are not being exposed to the volatility of the cryptocurrency markets.

The Business Growth Strategy
We currently shortlisted projects, where at least 100 assets owners are keen to sell their properties with total value of the assets, amount to an estimate of US$10 Million. This is excluding commercial properties which will be looking to acquire as well. Scrutinize the diagram below for further details.