Global property registration

April 03, 2019 yarisloksyun 0 Comments

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About the Global Property Registry

Global property registration: it is another time of land advertising, which uses innovations and current devices, with which it will be conceivable not only to repair each consequent property, but also to buy it in an improved framework through the token platform.

That is, to put it into basic words, the Global Property Registry is another type of officially obsolete arrangement of land advertising. The Global Property Registry is not only able to inspect land, but also controls the summary of essential reports, legal declarations and different references in the authorized dimension, to guarantee extreme simplicity in all phases of the exchange, as well as to dispense With different bureaucratic expenses.

Advantages of the Global Property Registry

The closeness of a blockchain system will allow you to control an astonishing number of records and files at the same time, while providing all the important administrative, administrative and legitimate structures with quick access to all vital reports and reports. In addition, the chain of blocks will add to the decrease in extrabudgetary costs, which recently consumed most of the capital of an owner of the land. Another preferred point of view of Global Property Register is the scope of the land, since this project has the opportunity to create great distances, without being limited to the outskirts of a nation.

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Meanwhile, accelerating the procedure of all activities will help the inherent Artificial introspection, which will not only attenuate the season, but also provide the client with all the important information for the shortest possible time. Another essential detail of Global Property Register is the protection of terrestrial objects from any catastrophic event or other guaranteed occasions. This is, without a doubt, a very important component for the whole earth.

problems

Blockchain technology has the ability to optimize the global infrastructure to address international problems more effectively than existing systems in the current context. Here are all the great benefits that Blockchain technology offers us.

Blockchain in different industries will provide transparency in all categories. With a financial transaction, you can observe the status of the transfer of the block chain in real time, instead of not knowing what the transaction status is like until the transaction ends, a common problem in the current system. Transparency remains unchanged when applied to all values registered in Blockchain.

One of the advantages of Blockchain technology over existing systems is the ability to eliminate intermediate units by allowing people to deal directly with each other instead of going through certain third parties. This helps billions of people living in countries where they can not trust intermediaries due to the deterioration of government, high crime rates, charter businesses and operations, manual record keeping or legal options. limited.

Blockchain allows the development of primary and secondary commercial platforms for securities and real estate "often provides new possibilities to limit previously creating more liquidity and ease of access for households." Sponsors and editors

The Global Property Registry is a decentralized ecosystem that provides the first global blockchain world. We take advantage of the blockchain technology to facilitate the registration of assets for humanity, especially in developing countries. Global asset registries (GPRs) are the first global real estate registries that will have a worldwide nature, including developed and developing countries. It will provide evidence of ownership of more than 4.5 billion people (worth $ 20 million) worldwide that are not currently covered by insurance and, therefore, are isolated from the financial and real estate markets. It will also provide a global exchange of assets. This platform will serve as an international digital real estate market for all market participants.

Real estate is remarkably one of the most stable forms of investment and involves a small amount of risk as an investment mechanism. The total global value of the developed real estate exceeds 228 billion dollars, higher than the total of the globally traded shares and the debt instruments securitized together, and in 2016, its global transaction volumes reached 661 one billion dollars.

By maintaining an immutable record of property ownership, encumbrance and transportation, blockchain can provide a certainty of information that allows for a higher level of trust and transparency. You can allow each property to have its own digital address where all the information related to the property can be stored.

This would include financial information, leases, taxes, invoices, liens, easements, building performance, physical characteristics and the history of transactions related to the property, potentially eliminating the need for costly in-depth title searches.

Fundamentally, all information at the property level can be encrypted in such a way that only those with the permission of the owner of the property (or lender agent, in the case of a mortgage loan transfer) can access.

Fraud prevention: all transactions that occur in the platform of a chain of blocks will be cryptographically signed and will be auditable. The use of timestamps with consensus mechanism in the block chain has the ability to avoid double reservation / sale of the same unit of ownership, which is a common problem when a property is being listed by different brokers.

Global property register ICO Details

The friendly work within the framework will be completed with an internal token - XRX, with which customers can not only buy land, but also pay additional administrations for the preparation of their properties and much more. The token itself is created based on the Ethereum block chain and complies with the ERC20 guide.

In total, for the improvement of their project, the designers will download 5 billion coins with an underlying estimate of $ 0.005 US for 1XRX. As a component of its ICO, the group means to collect Hard Cap to the extent of 25 million dollars. This sum should be enough to fully run the entire model and start using it sooner rather than later.

You can use everything by participating in your ecosystem. Then, along with your smartphone and Internet connection, you can upload information on the spot or any other property in your blochain record.

This application is easy to use, easy to understand and provides updates to the minute. The application offers you the following benefits: global search of assets, panel of attributes, analysis provided by Artificial Intelligence,
registration of properties in the Blockchain registry. This application will soon be launched and executed on Windows, Android, IOS, ...

Solutions

They have experts in providing the best and most reliable real estate products based on blockchain. Our experts understand the different requirements of the real estate market and try to provide the most effective solutions. They will provide the following solutions.

Conclude

Like any other new technology, Blockchain also has criticism. A series of questions were raised about the security and reliability of this technology, as well as the problem of human error; When used as a database, the information entered must be recorded accurately from the beginning.

However, when the technology is used more commonly, these problems will be solved. Meanwhile, technology will rationalize the complex and traditional commercial real estate industry.

With the vision of Global Property Register (GPR), a world in which each owner of a home can take advantage of the value of their property (home or land). The ownership of the document is secure and easily accessible. Land and property fraud is eliminated, especially in the developing countries of Africa, Asia and South America. Therefore, this is a community project and the most effective network. To understand more about this project, visit the following links: