Specifications
Enable decentralisation using the blockchain the major features of the platform
The scope of Cardano blockchain is global. This means that no matter who or where anyone is, they can tap into this global distributed database and use it for curating the utilities around it.
When we look at traditional real estate, we find that markets are entrenched by national geography, demographics and large institutions. In big international cities like New York, Munich (Germany), Berlin (Germany), Tokyo (Japan), Hong Kong etc. majority of the expensive real estate would be owned by corporates because the capital requirements are very high and cannot be afforded by retail investors. On the other hand when these markets collapse due to the boom / bust of the liquidity in markets, then a huge shock is seen in these markets.
We feel that these entrenched markets will benefit once, they are opened up to direct investments by retail investors and our platform can be an agent to this change. A peer to peer real estate exchange platform allowing fractional ownerships in the segment of corporate real estate is up to now unknown.
When we create specifications for such global real estate platform we would focus on requirements of this specifications:
REQUIREMENTS
Allow maximum decentralisation of the protocol using on-chain data based interactions.
Design the metadata interface in a way that allows proper information exchange among different parties using the information.
Utilise the eUTXO model and build libraries that allow maximum concurrency in transactions allowing maximum throughput of transactions.
Design the protocol as to enable the minimal cost of transactions in the base protocol. This allows the least friction usage of this protocol.
Provide open source interfaces and libraries in common languages to help integration with existing sales and trading channels.
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