ICO Review : Global Property Register
Blockchain technology has the ability to optimize global infrastructure to address international issues more effectively than existing systems in the current context. Here are all the great benefits that Blockchain technology brings us.
One advantage of Blockchain technology over existing systems is the ability to remove intermediate units by allowing people to deal directly with each other instead of going through certain third parties. This helps billions of people who are living in countries where they cannot trust intermediaries because of decaying government, high crime rates, charter businesses, and operations, Manual record keeping or legal options are very limited.
Blockchain allows the development of primary and secondary trading platforms for securities and real estate “often brings new possibilities to limit previously by creating more liquidity and ease of access for homes. sponsors and publishers
Benefits of the project
Prevention of Fraud – All transactions that occur on the on a blockchain platform will be cryptographically signed and auditable. The use of timestamps with consensus mechanism on the blockchain has the ability to prevent double booking/selling of the same property unit, which is a common problem when a property is being listed by diferent brokers.
Products and solutions
Global Property Register Mobile APP
You can use everything when participating in their ecosystem.
This app is user-friendly, easy to understand and gives you up-to-the-minute updates. The app provides you the following benefits: Global asset search, attribute dashboard, analysis provided by Artificial Intelligence, property
registration on Blockchain registration. This application will soon be released and run on Windows, Android, IOS, …
They have experts in providing the best and reliable blockchain-based real estate products. Our experts understand the different requirements of the real estate market and try to provide the most effective solutions. They will provide the following solutions.
Details about token
Similar to some other blockchain projects, they also provide the code for their project, XRX token. Tokens provide access to the ecosystem of GPR solutions and will be traded once listed on the exchanges.
Upon the completion of the sale of XRX, proceeds from the sale of XRX
will be allocated as outlined below:
1. Technology and platform development – 40%
2. Legal and regulatory – 15%
3. Operations and marketing – 30%
4. Business Development and others – 15%Roadmap
Their route starts from November 2016 (brings together the team to plan). Then built and expanded step by step until 2021 will expand to global scale. Specifically about the roadmap see the picture below:
Like any other new technology, Blockchain also has criticism. A series of questions about the safety and reliability of this technology have been raised, as well as the issue of human error; When used as a database, the information entered must be accurately recorded from the beginning.
However, when technology is more commonly used, these problems will be solved. Meanwhile, technology will streamline the complex and traditional commercial real estate industry.
With the vision of Global Property Register (GPR), a world in which every homeowner can take advantage of the value of his or her property (home or land). Document property is safe and easy to access. Land and property fraud is eliminated, especially in developing countries in Africa, Asia and South America. Therefore, this is a community project and the most effective network.
ETH addres : 0x6829173ea71a9E235BEF8d5Dd7FF4F95967c31c2