Investment on real estate is being adopted by the majority, and it’s seen as the right place to put your money for long-term benefits. However, it works out for some people or groups but tends to disappoint others. People tend to rely on the contractors more on manual supervision of the work. The manual supervision tends to slow down the work and increase the construction cost. What if they do a poor job, who gets the loss? The answer is obvious, the client and engineer. Technology innovation is making supervision easier and standard without necessarily involving yourself manually.
BitRent a blockchain platform is coming in with a solution to the construction mess. The primary platforms target is to make real estate investment easy, transparent and more profitable globally. The company uses some technologies including BIM open modeling and computer-aided monitoring using RFID chips. The entry into the platform does not require one to meet any entry standards. The investors are in a position to monitor the whole construction and awarded dividends at the end of the whole process.
The members of this online site can monitor the construction at any level. One is only required to have a smartphone which accesses 3D. BitRent technology, therefore, collects all the construction information on the technology, engineering, architecture and economics of construction. The investors are consequently able to monitor the construction of the paperwork to the real structures hence able to tell if the project will be profitable. The technology prevents the investors from wrong investments.
The online platform receives its finances through Initial Coin Offering (ICO) and releases its tokens inform of Etherium. The getting of tokens will start on 1st December 2017 until 1st March 2018. With the tokens, one is in a position to participate in various activities on the platform. The platform will release 1billion and 699 will be on sale at ICO from 0.01 ETH.