Dominium - Blockchain platform for real estate operations
about the project
Dominium is a project aimed at improving the real estate sector by introducing blockchain technology into various aspects of the industry, such as finance, property management, and related assets. The project will help open this sector of the industry to a huge number of interested users: investors, realtors, owners, developers, buyers, etc.
We list the opportunities that customers can use Dominium:
The platform will allow companies to create real estate funds, bonds and credit notes. These assets will be tokenized in the Ardor blockchain, which complies with government regulations.
A single universal market will be created for buying and selling assets using DOM tokens
A toolkit will be available to assist fund managers. This will include templates for regulatory documents, a system for creating calls to technical support and feedback control, as well as various marketing materials
Clients will be able to place their property for sale and rent, as well as look for assets to purchase or rent
All users of the platform will have access to a single database that records all accounting parameters for all types of assets. For example, changes in ownership, payment transactions and maintenance records of objects.
In order to implement all the listed functionality, the Dominium platform will have its own blockchain-registry in the Ardor network. Users will pay transaction fees using DOM tokens.
Problem
Traditional private equity funds usually face several common problems. Among them is a lack of liquidity - when investors' money is frozen for several years in case of unsuccessful investment or unfavorable market situation. Also, some attractive real estate properties may require investors to invest large sums that not everyone has. In this regard, such objects are available for investment only to a limited circle of organizations or individuals. We note another problem related to the transparency of accounting for financial and immovable assets. Although state legislation always requires information about its assets from fund managers, they are not always as transparent as necessary.
Publicly traded real estate investment funds (REIT) and similar tools are not only faced with the above problems, but also have other problems characteristic of their activities. For example, listing a fund on a large stock exchange is not cheap and requires adherence to many regulatory requirements. If we are talking about a small fund, then in this case the situation is further complicated by the size of the commissions, which will be incomparably greater compared to funds with large working capital.
Decision
The Dominium project was created to solve these problems by transferring the traditional mechanism of asset management and interaction of participants in the real estate sector to the Ardor blockchain. Companies will be able to place token-up their assets and place them on the Ardor Assest Exchange - Dominium’s own exchange platform. These assets can be represented in the form of shares of their funds and will be sold directly to investors, in order to raise capital in order to acquire real estate or to receive credit for the purchase or development of objects. As these activities generate revenue, management companies will be able to pay dividends to their investors using the dividend payout feature of the Ardor network.
This approach has several advantages. Customers will be able to start investing with any capital, even if it is a question of acquiring just one share. These assets will have a high level of liquidity, so it will be possible to exit the transaction at any convenient time. Fund managers within a single platform will have access to a wide range of investors without the need to resort to brokers. The blockchain will automatically track all owners of shares, which will make it possible to correctly and dividely distribute dividends among holders.
Governments to a large extent regulate all types of securities and real estate management funds on the Dominium platform, of course, will not be an exception. Compliance with regulatory requirements is a stumbling block for many blockchain projects, but the creators of Dominium, using the capabilities of the blockchain Ardor, developed a platform with all the requirements that apply to the turnover of securities.
First of all, the subsidiary Dominium network will operate under the control of the main network. This means that users will not be able to complete transactions without prior registration on the platform. This is done to ensure that the project complies with the recently adopted European standards of GDPR for the prevention of money laundering. Registration of a user implies verification of his identity by passing through the KYC procedure.
Conclusion
The Dominium project received high marks from leading rating agencies. As analysts expect, the project team will be able to transform the very technology of the real estate sector, as well as all its business processes. The benefits of this transformation are all industry participants. The asset management sector will become more reliable and will benefit from a transparent administrative solution that is offered by the Dominium team. It is also important to note that the project itself has a long history and consists of highly qualified specialists with many years of management experience.
To keep abreast of the latest news of the project, you can visit the official website or subscribe to social networks:
Web: https://dominium.me/
Whitepaper: https://dominium.me/sites/default/files/Dominium%20White%20Paper%2020180801%20%28Russian%29.pdf
Bitcointalk ANN thread: https://bitcointalk.org/index.php?topic=4989887
Twitter: https://twitter.com/Dominium_me
Facebook: https://www.facebook.com/Dominium.me/
Telegram: https://t.me/dominium_en
Author : iotacampaign
Bitcointalk profile :https://bitcointalk.org/index.php?action=profile;u=905364
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