Digitising Real Estate Ownership
Based on the DAO model, real estate can be put up for sale in the form of DAO tokens, where token owners will vote on strategic issues regarding the real estate.
Instead of putting one big amount of capital to a single real estate, now you can divide them up and invest in smaller pieces of many real estates.
Each ownership token can be independently traded, which creates a lower point of entry to own a piece of a real estate, compared to the traditional way.
Your asset ownership tokens can be transferred, inherited, or used as collaterals. It is basically a store of value that is backed by real world's real estate.
Gain access to real estate market globally.
Actual ownership of the real estate is held by registered trust companies in which jurisdiction the real estate is in, making sure that it is managed to benefit the DAO.
Location: KLCCCity: Kuala LumpurCountry: MalaysiaWebsite
Darvin from REIDAO had for the opportunity to share about blockchain technologies together with David from Attores, and William from KYC-Chain, at an event by SiTF Singapore.
We are excited in getting coverage, to bring more attention on blockchain to the general public.
REIDAO participated in a program by NUS Enterprise called Lean Launchpad (http://leanlaunchpad.nus.edu.sg/) to encourage start-up in validating various aspects of the business before going into full development mode. We made sure we talked to potential users and understood what it is that our customers want.