Builderium is nothing but a Blockchain technology platform that is making it very much easy for the user’s n getting connected to the professional contractor clients. We all are well familiar with the fact that the construction industry is day by day emerging with various effective tools and techniques. But the digitalization is still here to achieve in the sector. The Builderium is developing the platform that will be enabling the construction workers as well as clients to get connected to one another. However, the build tokens will be utilized at this ecosystem in order to smoothly carry out the various transactions and access the platform.
Challenges-
Today the construction industry is facing many challenges that are listed below herein-
1. The construction workers are finding it very much difficulty in finding the good job offers.
2. The clients simply can’t get dependent on the workers in order to hire them without knowing about the quality and skills.
3. The building contractors are not having proper advertisement channels with which they could get to the wider market and showcasing the skills.
4. Searching through online for the building contractors are not yielding the good results and question of trust the given rate to contractors is arising in front of the clients.
5. The channels of payments of consisting of the intermediaries with the high rise of fraud risk and various different corrupt practices. However, the intermediary’s presence is also increasing the project costs for clients.
Solution-
Builderium is solving all the problems that are addressed. It will be connecting to the construction companies with the local clients. The clients are required submitting its complete details of the project on this Builderium platform. The professionals will be carrying out the reverse auction in order to determine who is going to carry out the entire project and at what charges. The client is thus getting the low rate for carrying out the project. The contractor can bid n the project of own choice on the platform. The construction worker easily will get the job through this platform. The Blockchain technology will be providing the security, transparency, and speed in using the platform.
Reverse action-
It is the process wherein the cost is reduced for matching it with the rate that is given up by the buyer. In this case, the professional building contractor will be bidding to match the rate that is provided by the businesses or clients. The build tokens will be needed to take part in reverse auctions.
Why can the building contractor use it?
Reducing the advertising costs-
As per the survey, the average construction company is spending about $25,000 on ads and some are even spending more. With this Builderium the expenses become lesser.
Increasing the ranking and reputation-
For the new business, getting the trust of clients could be harder. On Builderium platform every contractor is vetted manually and on project completion, the reviews are provided.
Immediate transactions-
The Builderium is eliminating the nonpayment issues as the payer is paying in holding account before the project begins. On completion, easy, secure, faster means of money transfer is initiated letting you receive those soon.
In my opinion, that platform is really outstanding and the parties going to involved in it will be 100% getting benefits.
Official links for more details,
Website Link : https://builderium.io
Whitepaper Link : https://builderium.io/img/Builderium_Whitepaper.pdf
Twitter Link : https://twitter.com/Builderium
Telegram Link : https://t.me/BuilderiumCommunity
ETH address : 0x1628A1f03326b1d069dF7C320102eDC76DE27892
My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1472403