Good day everyone,I would be writing about a very outstanding platform called DOMINIUM.
"Real estate is traditionally one of the safest and simplest ways to invest money in the modern world. However, real estate investment comes with its own set of drawbacks that limit ease of use."
Dominium is a decentralised, regulated, property financing, property listing, and property management platform. It is an international platform on which regulatory documentation for property funding is standardised and assets are placed on the blockchain alongside property sales, rentals, and management.
The Dominium platform is built on an Ardor child chain. This child chain decentralises the trade of assets and places rental agreements, purchase agreements, property management tasks, and more on the blockchain. After obtaining the required regulatory licenses, this will allow companies to create regulatory compliant assets, with standardised documentation (provided by Dominium's legal teams), which can be purchased by the Dominium account holders. Assets created on the blockchain will be completely transparent and the asset tokens will be tradable on the Dominium platform thus making them liquid. Dominium is underwritten by a portfolio of property assets generating an income and ensuring the future development and maintenance of the platform.
Dominium will operate two types of tokens. The child chain’s native token is called DOM, and users pay transaction fees to Dominium through that token, which makes it a utility token. The standardised, regulatory compliant assets created on Dominium, will be the second type of tokens, as they will represent property funds, bonds, loan notes, project finance, etc. and as such are security tokens.
CHALLENGE
However, real estate investment comes with its own set of drawbacks that limit ease of use. The main downside to real estate investment is their illiquidity; money in real estate is almost exclusively tied up in long-term investments and it is difficult to enter or leave those direct investments. Furthermore, the barrier to entry for these investments is high, requiring either high-net-worth individuals or significant coordination from many (less affluent) individuals.
WHY DOMINIUM?
Dominium is more than just a concept, it is an existing platform with tens of thousands of users from over 160 countries.
By placing property finance, listings, and property management on the blockchain and by providing a multi-lingual platform with standardised regulatory compliant documentation, the market is opened to multiple nationalities, affordability levels and listing agents. Real estate finance, management, and trade are thus facilitated and simplified.
Dominium offers two main platforms as services. The first platform is for investing in real estate. Investors can participate in the market with as little as one share or token, opening up real estate investment to anyone through the decentralised Asset Exchange. This will allow fully liquid peer-to-peer fund trading between investors without the need of a fund manager or third party. Obviously, all users need to be identified and whitelisted to ensure adherence to jurisdictional regulation.
The second platform offered by Dominium is a utilisation of blockchain technology for managing individual properties. Property managers, tenants, agents, and real estate professionals can record information on the blockchain. As a result, this fully decentralised information is truly transparent, impenetrable, and unchangeable by parties interested in recording information to their benefit. Full property and renter transparency, with blockchain handling the bulk of the recording work, will make every part of the property management and rental business smoother and more advanced.
THANK YOU FOR READING
To know more about this project, you can visit:
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1956531
ETH Address: 0xAb5501225C2E6c0500d6bc5Aaf419a9D34b40EB0
