The "X Real Estate Development" project (hereafter XRED) aims to develop a technological and organisational model for the real estate and construction market based on blockchain technology. XRED technologies will allow interested parties to enter into projects for the construction of new real estate projects with high speed and unsurpassed security. The technological solution of the XRED project will allow removing unnecessary chains of links in real estate transactions, which will have a significant impact on the final value of transactions.
XRED technologies will allow investors to enter into real estate transactions at all levels of financial security, thus everyone can invest any amount of money in the purchase and construction of the development regardless of its location.
Any real estate construction projects will be able to safely attract investments from project participants, and the participants themselves will be able to safely invest in such high-risk transactions. The platform will have the opportunity to protect the interests of the investor through various mechanisms. For example, through the mechanism of allocation of funds for purchase and construction after receiving supporting documents on the implementation of the first stage of the deal. Thus, financing, spending of funds, distribution of profits will be visible to all participants of the fund. The blockchain technology allows you to work honestly and openly even with medium to high-risk transactions.
The list of those who will benefit from this great project includes but is not limited to investors, builders, and real estate agents.
The XRED project is divided into three phases of formation:
- Ensuring the collection of funds for the financing of construction projects;
- Provision of voting for the participation of investors in the operating activities of the fund;
- Improvement of the technology of predictions of profits when entering into a particular transaction based on machine learning technologies;