One of the most reliable and profitable investments is buying real estate abroad. First, this type of real estate is considered a regular source of income, and second, having real estate abroad, you always have the opportunity to get out of your daily grind. However, before buying or building foreign housing, several issues need to be addressed. For this, the INEL project has been created.
About the project
INEL is a new project that allows people to get real estate. INEL will choose the best offer for you. This project analyzes a large amount of information and data to find the best solution for passive income in real estate for you. This project allows tokenize the market, carry out risk prevention and simplify the overall process of choosing a home.
What problems have arisen in the real estate market?
1. Land conflicts
Land conflicts are a critical problem in many developing countries. Incorrect documents, corrupted documents and corruption cause complex disputes about property and do not permit the use of land.
Blockchain-based smart contracts offer a new alternative to registering land rights. Moving all documentation to a decentralized and secure registry can be the most effective way to manage and own land, help avoid disputes, and ensure that records are not altered or lost.
2. Comprehensive data collection and verification
It is well known that it is difficult and expensive for real estate companies to examine all important real estate details before renting or acquiring.
By providing the ability to store all building data, such as repair records or floor plans, in a digital and secure place, the blockchain can significantly help investors carefully examine all property details. This technology can even be used to track the movement of building materials throughout the life cycle of a building, from factories to dismantling and disposing of components, which makes it easier to track the origin, quality, and age of each part.
3. Investment
One of the main weaknesses of real estate as an asset is its low liquidity. Transferring ownership of a blockchain book, dividing it into smaller fractions, and ensuring the availability of digital fractions in the form of tokens (eg Tokenization) creates a new way to invest in real estate. This allows owners to sell their shares on the open market without the need to sell property. As such, tokenization also helps with other shortcomings of real estate: high thresholds for investment for small market participants.
4. Project Management
When we think about the transition of the real estate investment market to the digital realm and the codification of agreements in smart contracts, the first question we ask is land ownership and transfer agreements. However, even with complex problems such as project management, you can manage them through the blockchain.
Think of this project as a long list of agreements between various parties. These transactions can be any type of agreement regarding steps, payment, or objectives achieved. All transactions can be coded into a series of smart contracts that can be automatically executed after each specific step.
5. Financing
If you have taken out a mortgage at least once in your life, you probably know that this is a complex process. The average size of a mortgage application is 500 pages and takes 30 to 60 days. Blockchain technology reduces the need to rely on paper and individual communication lines, saving not only money but also time. The elimination of such intermediaries will not only benefit borrowers, but also financial institutions that can offer more competitive conditions for more economical lending processes.
6. Property management and leasing
Blockchain technology offers enterprise management and services a new way to track user information and improve customer service. Smart contracts are arranged for automatic rental payments, and you can even anticipate that property management fees can be calculated and collected automatically using data from IoT devices and utility bills.
7. Buying property
In recent years, real estate investment has grown by several hundred billion dollars. As investment grows, international buyers need to avoid fraudulent transactions and act in a transparent environment.
How does INEL solve this problem?
An example of using blockchain to solve this problem is INEL. The project aims to simplify the process of buying, selling and renting real estate in the domestic and international markets through smart contracts. We plan to create a market consisting of platforms for registering objects and platforms with transactions for exchanging documents that do not require third party agents to process transactions.
The main applications of blockchain technology on the INEL platform are:
Real estate is leased through online services.
Buy and sell real estate without intermediaries.
Real estate investment.
Property valuation.
Real estate rebuilding.
One of INEL's main objectives is to automate the market, which includes eliminating unnecessary costs for contractors and sales agents, speeding up the transaction process, ensuring transparency and stability, and eliminating paperwork.
Why do we need tokenization and why is this project special?
1. Invariant
We already know that the blockchain chain cannot be changed, and this function is really transferred to tokenization. Having a digital transaction history helps everyone and investors who are interested in proving their property. At the same time, such a structure also helps reduce the possibility of fraud.
If the token owner tries to sell a certain token several times, this structure will show the proper ownership history and eliminate anyone's opportunity to make fake transactions and deceive investors.
2. Automation
The ability of smart contracts to load a variety of business logic related to the ability to be programmed and help manage automatic events when certain conditions are met.
Relying on third-party exchanges, you can track secondary transactions without complications. Investors can also effectively use other processes, such as voting. This programmability can be very useful for speeding up calculations, because tokens can contain built-in compatibility.
1. Invariant
We already know that the blockchain chain cannot be changed, and this function is really transferred to tokenization. Having a digital transaction history helps everyone and investors who are interested in proving their property. At the same time, such a structure also helps reduce the possibility of fraud.
If the token owner tries to sell a certain token several times, this structure will show the proper ownership history and eliminate anyone's opportunity to make fake transactions and deceive investors.
2. Automation
The ability of smart contracts to load a variety of business logic related to the ability to be programmed and help manage automatic events when certain conditions are met.
Relying on third-party exchanges, you can track secondary transactions without complications. Investors can also effectively use other processes, such as voting. This programmability can be very useful for speeding up calculations, because tokens can contain built-in compatibility.
3. Liquidity
Tokenisasi itself expands the possibility of partial ownership. A decree, like the US dollar, can only reach $ 0.01, but tokens can have up to 18 decimal places, which means they can be much lower if some obstacles are not introduced.
This means that investor contributions are much lower and there are more opportunities for partial ownership. For example, instead of investing US $ 100,000 in certain properties, investors will be able to pay US $ 5,000 for the ownership of their tokens.
Conclusion
As such, Inel is an innovative real estate project that helps find housing. The team sets good goals for the project and confidently goes there. In general, this project deserves attention.
Uniqueness: https://text.ru/antiplagiat/5e0632f81c57d
Project link, open a more detailed project study:
Website: https://inel.company/
Facebook: https://www.facebook.com/INELCompanyRU
Twitter: https://twitter.com/INEL_company
Telegram: Telegram RU - https://t.me/inelcompany
Telegram ENG - https://t.me/inelcompany_eng
Chat RU - https://t.me/inelcompanychat
ENG Chat - https: // t. me / inelcompany_chat_eng
Instagram: https://www.instagram.com/inelcompany/
VK Group: https://vk.com/inelcompany
Username: kongbudi08
ETH: 0xBaD07e023bBA6a6bb19ba345f5EcFA431DBcb42a
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