ALT ESTATE TOKENISING THE REAL ESTATE
Ever since the blockchain was introduced, it has been evolving over time and provides a secure platform for those who wish to share information with out interference from more advance system or central system. In several ways Blockchain has helped in the advancement of the new age. Its application on almost all the sectors are huge. Namely, technology, agriculture, finance and other aspect. Alt estate is introducing blockchain into real estate and are presenting it in such a way it will have global outreach. Taking advantage of the global out reach blockchain technology has. The introduction of cryptocurrency has changed approaches to business. From your home anywhere in the world with internet service and PC one can send out token to other persons. Alt estate is reaching out to people with the concept of investing into world choice real estate from wherever you are.
Despite the ups for blockchain technology to revolutionise the real estate industry, there are also many potential structural, technical and legal challenges. Even Government regulations are not yet fit to give informed guideline for real estate blockchain transactions. Other challenges is the technologically-difficult task of shifting title transfer and land registration from a database, one which is usually state controlled and to a distributed ledger system. Not too many countries are also ready to change their legislation because of blockchain adoption in real estate. A lot of stakeholders are still new to blockchain.
Alt.Estate Group has all this solution using blockchain technology. Alt estate is a financial technology company offering a new solution for real estate tokenization.
Alt.Estate ecosystem covers the technology, corporate structure and legal compliance aspects of tokenization. The ecosystem will be a turnkey solution for anyone who wants to tokenize real estate, from developers to individuals. The ecosytem is well-positioned to become the new standard of the industry.
The Protocol is well-placed for primary sales and secondary trading of tokenized
assets. The Platform allows users to trade real estate in fractions with higher liquidity and lower cost, removing middlemen that cause problems.
Smart contracts are digitally set and automatically executed with a pre-determind set of rules which then get recorded on the blockchain. So Alt estate is banking on this remarkable fit to achieve its goal, reduce friction costs and enables global investment.
Alt estate is tokenising the real estate to its token called the SQM token. Investors can buy into the token during crowdsale
The token will be used in market place to buy real estate.
SQM tokens are property-specific tokens, which are created when a new property is tokenized.
Each property listed on the Platform has its own SQM_{PID}, where PID stands for a unique property ID. The SQM token was engineered to be legal proof of real estate property
ownership, and integrate with blockchain property rights registries as soon as the necessary technology and legislation are established. Each SQM_{PID} simulates and represents the corresponding fractional ownership of a said property.
The SQM token will be sold for 0.00001eth. A soft cap of 1m$ and hard cap 30m$. This gives the token a good room for growth.
THE TEAM
Vladmir Shmidt CEO
Alexander Popov CFO
Aniton Lysak CTO
Other team members can be seen on their web site.
CONCLUSION
Blockchain technology is clearly bringing a disruption to our society and it is important individuals key into this opportunities or they will be left behind.
To learn more about Alt estate please reach
https://alt.estate/upload/files/altestate_whitepaper.pdf
https://bitcointalk.org/index.php?topic=3070307.0
https://alt.estate/?_ga=2.115935109.248357897.1525150230-1546234337.1525150230#how
BOUNTY HIVE USERNAME - Barthx
The blockchain is going places. Now the real estate industry.
I like where this is going.
Nice review by the way @olisexxy
Amazing
Keep it up