If there is an industry bound to benefit in a big way from blockchain technology, it is the real estate sector. Since the beginning of real estate sales, the industry has been ripe for fraudulent activities, some even leading to global recessions.
Given the amount of wealth that circulates in this industry, the traditional trust-based real estate management models have always been inefficient and insecure. Blockchain technology is all about transparency, efficiency, and security, and is, therefore, a good fit for the sector.
From settling disputes between landlords and tenants to streamlining the mortgage process and opening up the global real estate industry to ordinary investors, new blockchain-powered technologies are emerging daily. Here are the top 9 ICOs we believe will revolutionize the real estate sector.
RxEAL is an Ethereum-based platform providing escrow services and decentralized dispute resolution for the real estate sector. The project specifically focuses on the rental market, where disputes regularly arise between landlords and tenants with regard to security deposits. Through smart contracts, RxEAL not only guarantees the tenant that the deposit will be returned, but also ensures that it is returned within the agreed time.
In the event of a dispute, the RxEAL platform provides a decentralized and independent arbitrage conducted by qualified members. The members are rewarded with RXL tokens for resolving the disputes. The token sale for this platform will be opening on the 15th of February 2018 and ending on the 2nd of May 2018.
TokenLend is a blockchain platform allowing anyone, anywhere in the world to invest in secured real estate loans using cryptocurrencies and fiat currencies. The TokenLend project aims to enable small investors to participate in the global real estate markets without fear by helping them build a secured loan-based investment portfolio that delivers competitive, predictable and consistent returns.
The token sale for this platform will be opening on the March 1st, 2018 and ending on the 11th of March 2018.
Rentberry is a decentralized rental platform that brings together landlords and tenants and uses smart contracts to ensure that the rights of both parties are safeguarded. The Rentberry platform brings about transparency which is vital to both sides.
For the renter, transparency in rental fees translates to savings while for the landlord, knowing the credit scores and the rental history of their clients is vital in making decisions. The platform also helps the landlord in payment collections and dispute settlements, therefore saving costs. The Rentberry ICO started on the 5th of December 2017 and will be ending on the January 26th, 2018.
Propify is a blockchain and smart contracts-based social media marketing platform for the real estate sector. The platform goal is to be the best alternative to centralized property portals such as Realtor.com, Zillow, Zoopla and others by offering solutions to the critical issues attached to their use. These issues include inefficiency, complexity, lack of transparency, and client data insecurity.
The Propify public token sale started on the December 14th, 2017 and is scheduled to close on the January 26th, 2018.
BitRent is a blockchain and smart contracts-based platform that enables individuals anywhere in the world to invest in the global construction industry. The project uses sensors and RFID chips installed on the properties under construction to allow users to track every step of the process in addition to smart contract technology which ensures each party adheres to the set terms.
Investors looking to invest in the BitRent project are required to buy the BitRent RNT tokens. The type of investment allowed for a given individual will depend on the number of tokens they hold. The BitRent ICO is ongoing and is scheduled to close on the April 1st, 2018.
The Caviar token combines investments in the crypto-assets space and income generating short term loans backed by real estate. The goal is to provide diversification, which is usually difficult in most real estate products given that they are highly correlated.
The tokenization of real estate assets will not only open investors to the lucrative crypto-assets space but will also provide an easy way of raising financing for developers. The Caviar ICO is ongoing and will be ending on the 31st of January 2018.
Evareium is the world’s first blockchain-based private equity real estate fund. The platform provides investors with an opportunity to invest in a tokenized private equity real estate fund and own part of the management company.
The Evareium token value is bonded on the performance of the various Evareium investments, which are attached to an online digital interface founded on the blockchain. The public token sale for this platform will start on March 1st, 2018 and end on April 5th, 2018.
Atlant is a decentralized Ethereum-based platform that allows transparent and liquid trading of residential and commercial real estate. The project aims to open up the global real estate market to the masses through the tokenization of ownership. Atlant provides a tamper-proof system through which users can trade parcels of property and bypass intermediaries in rental deals.
The ICO for this project happened in October last year and was successful after managing to raise over $6.5 million.
SmartRE is a decentralized real estate tokenization platform that enables investors across the globe to invest in the US real estate sector. The project also helps homeowners to unlock capital from their homes without accruing debt.
Through the platform, homeowners can tokenize their home equity and trade it in the global real estate market. The value of the tokens is driven by the property's appreciation, and therefore investors only make money when the home equity of the backed property increases.