Greetings to you all readers, in this article i will be discussing what exactly this brand new and pathfinding innovation(BrikBit) is all about and i will appreciate your standing by till the end.
In the modern internet space, more and more attention is paid to cryptocurrency investments and the investment market and Blockchain is becoming the cornerstone of modern innovation and has the potential to revolutionize the world. Recognizing this potential, we at Brikbit have assembled a professional team of budding entrepreneurs and seasoned investors to create an all-encompassing blockchain trading platform. Since cryptocurrency is designed for mainstream adoption, our platform will be a stop-shop for clients that intend to earn huge returns on investment. We will create a user-friendly system that incorporates both traditional markets and the blockchain based assets.
BrikBit is a blockchain-based ecosystem that develops and manages entire operations for the Real Estate industry.
Attributes
BrikBit is a blockchain-driven ecosystem designed for real estate industry. The BrikBit app will be based on the Lisk platform. Each real estate project will have its own blockchain (BrikBit side-chain) with specific rules and features compliant with the relevant legislation. Each side-chain will be able to have its own independent token. Each real estate project will be represented by Real Estate Digital Asset (REDA) with REDA token.The team is issuing an ERC20 BRIK token that will be required to register and access the platform.
What is the reason for the creation of the BrikBit ecosystem?
Through the ecosystem BrikBit wants to:solve the problem of univocity and correctness of Real Estate data solve the problem of illiquidity of value of RE properties
solve the problem of fundraising and easy access to RE developments bring transparency to the oldest and most effective industrial sector.
This ecosystem will be the real financial Revolution of Real Estate.What is a REDA?REDA is an acronym for Real Estate Digital Asset. It is an avatar of a building that is created through the BrikBit platform and it summarizes all necessary information of a real building: structure, design, materials, plants, services. All information will be organised through a dedicated protocol to manage each property.The protocol will determine the partitions of a building, allowing platform users to optimise the value exchange. REDA represents the interface between the blockchain platform and the real building. REDA will also be a customized token linked to a specific project, with its own property and following distinct legislation according to the country the building is meant to be built.
What is a REDApp?RE-DApps, Real Estate Decentralized Applications, are implemented dedicated applications to create REDA.The RE-DApps represent the “core” of the BrikBit platform and guarantee the management of information involved within Real Estate processes, creating the Framework to identify the expressed value of the REDA.These Apps meet the needs to have an equal, transparent and unamendable management to exchange information and value in Real Estate projects.
What problems do BrikBit, REDA and REDApps solve?1. They can provide uniqueness of data and correctness of property data currently lacking. For instance, when someone buys a new property there is an issue of guarantee that the property is constructed according to the local regulations.
On BrikBit ecosystem, whoever buys a digital share of an asset, can buy something with an history and unique data recorded on a blockchain.
They offer the possibility to divide in digital shares a RE asset: this allows to own and sell a small partition of a property.3. They solve the problem of lack of funds to do RE operations. With the BrikBit ecosystem, a small – medium saver could decide to invest in a share of a Real Estate project in Tokyo and Paris, rather than in Singapore or in Dubai.4. They solve the problem of lack of transparency. This is usually the case in transactionswithin Real Estate development and in managing operations during construction and lifecycle of a building.
What is BrikBit Social Professional Network? It is the first BrikBit ecosystem, since it gives a chance to all Real Estate players interested to operate in a new way of doing business thanks to the blockchain. This will be a meeting point for operators, investors, professionals and brokers who want to join forces and create round-tables to start potential cooperation. It will be a pay per sign up network that will enable all members to interact with BrikBit developers team to develop and implement the BrikBit eco-system. This way, the network will match reality with actual issues present in the day-to-day Real Estate projects
For more detailed infromations, visit:
Website: https://brikbit.io/
Whitepaper: https://brikbit.io/docs/BBwhitepaper.pdf
Bounty0x Username: Joecolern
