After we found out in the first article of the IAT project review what its solution is, what tokens play and what NIAT is, it's time to talk about the same problems, difficulties and restrictions that interfere with real estate market participants, and how they can be done will be solved using the IAT platform, the same tokens and local NIAT tokens.

Let's remind that the IAT platform uses blocking technology to provide real and current market participants with the opportunity to carry out transactions transparently, quickly and reliably, and IAT tokens will be used to tokenize this real estate.

Reduced costs

The cost of real estate transactions, such as sale, purchase or lease, often includes not only the cost of the real estate itself, but also the services of various intermediaries (brokers, agents, realtors), as well as taxes, and therefore the final price of real estate is changed to 17 -24%. 

As a result, either the owner of the real estate has to lose a significant share of the profit by paying for the services of intermediaries and other expenses, or the buyer (tenant) of real estate is forced to overpay for its purchase (rent) up to 24% of the original cost.

The task of IAT is to reduce the cost of intermediary services, thereby reducing the cost of buying, selling and renting at least twice. Thanks to the technology of blocking and tokenization of real estate with the help of IAT tokens, both property owners and their counterparties from among buyers and tenants will be able to save part of the funds that can be used for other purposes.

Save time

The solution, such as the tokenization of real estate with the help of IAT, is another significant advantage - the possibility of saving time. The problem is that in order to carry out the operation with real estate, in addition to a large amount of money, you have to spend a lot of time, up to several months, no matter what this operation is, of course, if it is a question of major operations, and not about household daily rental housing. 

Such a long period of registration of transfer of rights to real estate is connected, primarily with the participation of third parties, which perform various intermediary functions, as well as the need for verification and documentation. The IAT platform will provide real estate market participants with the full functionality associated with operations, allowing significant time savings for their implementation.

Elimination of restrictions for foreigners

The establishment by governments of countries of all kinds of restrictions on the purchase of real estate by foreign investors is a common practice. Such measures are introduced in order to prevent uncontrolled growth of the market, slow it down and prevent the real estate market from "turning into a soap bubble". 

Tokenizatsiya real estate by using IAT tokens and individual tokens for each country - NIAT, which are tied to a specific real estate market and a specific national currency, will be an effective way to get rid of the negative consequences of imposing restrictions on foreign property purchases.

Fighting fraud

For the entire existence of the real estate market, its unscrupulous participants who want to make money by cheating people have developed many different kinds of fraudulent schemes that begin with the sale of a property to both customers simultaneously and end with "air traffic" when a real estate company or a person who does not have a property sells it has nothing to do with it. 

Unofficial statistics show that every 10-12 deal with real estate is either completely fraudulent or has signs of deception and abuse by one of the participants in the transaction.

Scammers got such wide opportunities to deceive when dealing with real estate, due to the lack of full transparency regarding the same transactions or property rights to specific real estate objects. The task of IAT is to eliminate any possibility of fraud with housing by ensuring a high level of transparency of all operations and information using blocking technology.

In addition to the fact that information about real estate and all previously performed transactions is stored in the locker absolutely open, so that any user can at any time obtain reliable data about the ownership of real estate, this information also can not be damaged in some way, deleted or changed unauthorized way or hacking, so scammers will not have any opportunity to deceive the second side of the deal.

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