Global REIT is one of the first ever platforms created to handle real estate deals by using Blockchain Technology to secure transparency in the customary ecosystem where the platform is hosted.
The reason to work under this scheme is to safeguard the holdings and interests of all the players involved with the company by applying the latest technology and improve the governance that is usually reserved to banks, dealers, and committees.
The developing team working at Global REIT is looking to diversify the real estate market by giving an opening to everyone looking to handle a distinct kind of portfolio based on specific features of their properties.
Introducing High-Tech Concepts in the World of Real Estate
Global REIT is looking to disrupt the REIT industry on one geographical region at a time. Currently, a REIT is a real estate investment fund that handles all the transactions related to properties for a client looking to sell assets such as houses, condos or apartments.
What the company is looking to do is create a unique multi-platform. Where every REIT across the globe whiling to participate can build a network of investments on every part of the world in a fully functional way without the hassle of international trade laws imposing extended time periods and other types of red tape that tend to complicate a deal.
Real estate on The Blockchain
Global REIT’s primary platform is being developed on the Ethereum Blockchain, and the team is full at work creating the custom token utility nicknamed GRET using the ERC20 protocol to make it a tradable asset on exchange services. The end game for Global REIT is to manage real estate deals across their platform in a more effective fashion than established real estate investment funds.
The use of a Blockchain network is just of the many ways to lock up a deal and be able to track down every stage of the process by the investing parties. The team is also working on a secondary currency nicknamed GRET that will allow investors to cash out dividends on real estate projects looking for funding and offered through the platform.
The Modules managing all REITs
The main core of every transaction managed through the Global REIT platform is three defined modules being set up with distinctive functions inside the network’s ecosystem.
The first one is the Asset Management Module that is being programmed to handle all the features of each asset listed on the platform. The module will also create a registry of every piece of important data related to the asset to help out the algorithms of the network that will compare the desired cost of an asset versus the real price according to market demand.
The Transaction Module will handle all logistics related to each deal by connecting all the preset forms of communication programmed to manage the transaction.
The final module is the one related to Compliance and Security. This one is the one is in charge of backing up each smart contract signed over the platform with software designed for military grade operations to safeguard the money and the holdings of the parties involved.
For a deeper analysis of the technical aspect related to the dealings of Global REIT, you can visit https://globalreit.io/.