The real estate industry is one of the most lucrative industries and the hardest to break into due to the barriers that hold investors from venturing into real estate, they include high capital requirements, middlemen who inflate the costs and lack of transparency in the business transactions when dealing with agents and middlemen.
The property industry is currently estimated to be worth 190 trillion in combines residential and commercial real estate building, this is a market ripe for start-ups with business models that solves the problems currently existing in the industry. One of the start-ups is OpenBrix that plans to revolutionize the property letting market through modern technologies that add value to the transactions processing between landlord, renters and real estate agents. Through the use of blockchain technology smart contracts OpenBrix plans to make financial transactions convenient, faster, and easier to manage through a transparent ledger that is available to the authorized owners. The platform will also allow automatic financial transactions processes through smart contracts that eliminated the need of legal agreements.
OpenBrix Platform.
OpenBrix is a community controlled and managed platform that allows its users to take control of their property financial transactions, the platform connects landlords and renters allowing them to minimize the transactions costs and easier management of the transactions records which are stored on a distributed ledger which is immutable and cannot be hacked. The platform will also connect landlords and real estate agents allowing them to transact on an open platform that instills confidence in the management and business transactions between the landlord and the real estate agents, the landlord will be able to trust the agents through real time monitoring of the transactions the agents is making and the efforts the agents is putting on his work.
Smarter, cost effective real estate property management through OpenBrix.
OpenBrix is a gamechanger in the property business, the platform will allow smart contracts to manage the transactions with minimum human intervention eliminating errors and optimizing transactions management. the use of smart contracts will allow faster financial transactions that have minimum costs and round the clock financial processing compared to traditional financial processing through banks and financial institutions which operate business hours.
OpenBrix is made with custom features that target the property market, this means the platform will make it easier for the market participants to create and enforce their contracts in real time in a transparent and faster business environment that is cost effective and transparent instilling confidence in the property market transactions.
OpenBrix platform users will also allow the platform users to monitor their agents and renters and verify their track records to reduce the likelihood of engaging business with individuals with a bad record, traditionally most parties don’t have records to prove their financial capabilities to pay their rent on time and even if they did have verifying the information is very hard and easier to manipulate. Using blockchain ledger records the information can be easily trusted because the records are immutable and free of forgery.
The transparent business model of operation will come in handy when reviewing the financial transactions and also the management process of the market parties' proof of work, this will benefit landlords and make their work of tracking their earnings easier.
Conclusions
OpenBrix is a community-controlled platform that will optimize and improve the property market through the use of technology, the industry participants including landlords, renters and tenants will find the platform very useful for their daily property industry transactions especially when it comes to financial and management processes while reducing processing costs, legal costs and management costs.
I have added important links on the platform website, whitepaper and social pages in the reference section below for your educational purposes and engagements, I would recommend property industry parties and investors to check out the whitepaper for a more detailed review of the business model and the platform services and see how OpenBrix plans to transform the industry through modern technology. Thank-You.
References.
Website: https://www.openbrix.io/
Whitepaper: https://drive.google.com/open?id=1li6LEHz2TCMH5tB7MuxffT-iDXyC_xO7
Light paper: https://drive.google.com/file/d/1-fujTXN76rTY52ku_kY2HvA062dM77kP/view
Twitter: https://twitter.com/OpenBrix
Facebook: https://www.facebook.com/openbrix/
Telegram: https://t.me/OpenBrix
Reddit: https://www.reddit.com/user/openbrix
LinkedIn: https://www.linkedin.com/company/openbrix/
Medium: https://medium.com/@social_53430
Ann: https://bitcointalk.org/index.php?topic=4500840.new#new
Author: jamesndungu1
BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1856049
Ether Address: 0x8E8A5B6e2ABF1Bb64759bDd4DBe788F45B1D4f54
