Arevalor: Blockchain-based Real Estate
Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries.
For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving to the topic... Real estate is property, land, buildings, air rights over land and underground rights over land. Therefore, it is a term and a sector in constant movement that covers many branches. Currently, there are several problems related to real estate data, which must be resolved. On the one hand, there is a problem with the univocity and accuracy of the real estate data and the illiquidity of the value of real estate. On the other hand, the other big problem is the collection of funds and the difficult access to real estate developments. For this reason, I want to introduce you Arevalor (ORB).
Arevalor (https://arevalor.com/) is a company focused on bringing real estate to the blockchain with a realistic and real-world approach. The Arevalor platform will reduce costs and transaction times on current processes, while increasing security and transparency.
Arevalor uses the LPTP, a system of intelligent contracts created by Arevalor and built around an existing legal framework. LPTP creates and executes legally binding real estate transactions and registers permanent and immutable records in the blockchain.
The main objective of Arevalor is to provide a real estate market and a single registry that takes advantage of the power of block chain technology. Basically, it aims to address the problems of illiquidity and the important systematic friction of the current world real estate market through the use of its Land Ownership Transfer Protocol (LPTP).
How it works?
A user provides their personal data, as well as a scan of their photo identification; Next, a set of addresses is generated from the ETH portfolio and permanently linked with the user. These addresses are used by intelligent LPTP contracts every time the protocol interacts with that specific person.
Each user will be granted credentials and permits based on their identity and function in the procedures. All documentation can be viewed electronically, and approval is an instant "one-click" process. LPTP interconnects with all the systems and data locations needed to update the blockchain accordingly.
After all approvals are met as stipulated by the terms of the smart contract, the payment is released and the transaction can be completed.
- LPTP simplifies intra-jurisdictional real estate transactions by allowing the rules and regulations of each jurisdiction to communicate with each other to reach the final goal of completing a transaction.
- LPTP also significantly increases the speed of transactions through an electronic phase gate approval process.
- The Arevalor platform will act as a central register and as a ledger in real time.
- It will completely replace the local offices and their independent systems.
The project gives the opportunity to earn Arevalor Tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Webpage here (https://bitcointalk.org/index.php?topic=4721485), where you can access the link in order to see what are the conditions to become an early ORB contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (https://arevalor.com/Arevalor%20Whitepaper%201.0.pdf). You can also stay tuned in their official Telegram Channel (http://t.me/arevalorco) or in their ANN thread here (https://bitcointalk.org/index.php?topic=4721480.msg%msg_id%). I hope you liked the post and soon I'll send you new ones.
Do not forget to visit their Webpage (https://arevalor.com/)!
Price in ICO: 1 ORB = 0.00028 ETH
Tokens for sale: 96,000,000
Token Description Funds Allocation
Date Events Aug 2018 ORB Token pre-sale. Sept 2018 ORB Token General Sale. Oct 2018 Arevalor portal alpha launch. Nov 2018 Arevalor mobile client alpha launch. Q1 2019 Arevalor client beta releases. Q2 2019 Arevalor platform mainnet launch;
Arevalor integration with first partners.
Q3 2019 Partnership development. Q4 2019 Open API for fufrther data solutions by third parties. 2020 Partnership integration with Arevalor platform. 2021 Launch of full Arevalor P2P real estate ecosystem.
Email: [email protected]
Telegram username: @clauming
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71