Good morning, my dear readers.Let's talk about a significant problem,the problem of registration of pledges.Today we'll look at a project called RxEAL, the creators of which are going to once and for all get rid of the existing problems in this sphere, especially in the case of a lease of real estate and road transport. It is a decentralized service based on Ethereum Blockchain technology that uses smart contracts to store collateral deposits.How it all works.
Let's look at the process of depositing collateral in RxEAL on the example of long-term lease of premises. The parties agreed that the pledge will be stored in the blockchain through a smart contract in The rxeal platform, so first of all, the landlord, that is, the owner of the premises, creates a project of the smart contract, which indicates the key points of the contract.This is an innovation for the industry, which is constantly in need of modernization and solutions to become permanent problems, of which one of the largest – deposits. RxEAL is simple and affordable to implement, which makes such an offer a good way to make a profit in the real estate industry."
This will resolve the issue of mistrust between the parties. Smart contracts will play the role of reliable, and at the same time cheap, intermediaries that will ensure the safety of the Deposit storage. Thus, neither the lessor nor the lessee will be able to commit fraud attempts, and third parties will not have access to the security Deposit.
In addition, there will be an independent arbitration, the participants of which will receive remuneration in the form of tokens for resolving disputes related to pledges. The solution of such situations is very important, since about 6 billion euros a year the market loses only due to the fact that the problems of collateral remain unresolved.To start Rxeal combines the technology of the blockchain and a daily transaction of the lease. It creates a link where users with little technical knowledge can take advantage of smart contracts. It is a platform designed for the development and execution of intellectual contracts. It includes configurable triggers related to rental security deposits. Your deposits are stored in the form of cryptocurrencies, which allows them to interact with the smart contract. The crypto-form is maintained throughout the course. It also provides a decentralized dispute resolution window to ensure fair and timely settlement. Distribution is carried out at the end of the term of the contract.
ICO information:
Token Pre-sale start date: 15 januari pukul 2018 12: 00 UTC
End date of token pre-sale: February 5, 2018 pukul 12: 00 UTC
Date of commencement of sale of tokens: 12 Maret 2018 pukul 12: 00 UTC
End date of sale of tokens: 11 Mei pukul 2018 12: 00 UTC
Token name: RxEAL
The marker Ticker: RXL
Standard sign: ERC20
The sign of the fraction: 18
Marker supply: 96000000
Marker sale price: 1st floor = 400 tokens RXL.Rxl tokens are distributed for use on The rxeal platform, not for investment or speculative purposes. RXL is considered utilitarian token and gives almost no other rights, excluding rights on the implementation on the platform RxEAL. The trader is obliged to perceive, in fact, that the rxl token does not give practically any rights to profits or the right to belong or the right to receive every future right to income or the right to belong. A trader must accept the fact that they won't to possess virtually any driver's licenses voice or the driver's identity management, or even what the driver's identity, so any way to influence the development of the plan RxEAL
When, for example, the lease term comes to an end, and the tenant transfers the premises back to its owner, and it has no claims, the smart contract will be able to release the security Deposit by transferring it to the tenant's wallet, automatically.
Resolution of disputes
In the event that the lessor (owner of the premises) and the lessee do not agree on something, it is possible to initiate the arbitration procedure, for which you will have to pay additional rxl tokens. The process of resolving disputes in this way occurs as quickly, efficiently and, most importantly, objectively, as all involved arbitrators – do not depend on any of the parties to the lease.
The parties to the contract will have to provide evidence of their correctness, and three independent arbitrators need to resolve the dispute by voting. The decision is made by majority vote, so 2 out of 3 votes will be enough for one party to win. In addition, they will be required to properly allocate the Deposit if it is not fully refundable.
More information can be found at the following links:
WEb: https://rxeal.com/
Ann Thread :https://bitcointalk.org/index.php?topic=2518611
White_Paper: https://storage.rxeal.com/public/RxEAL_White_Paper.pdf
Author: https://bitcointalk.org/index.php?action=profile;u=1725951