Dominium - The Blockchain for Property Management

insaallah99 (39)in #crypto • 6 years ago (edited)

When it comes to investing, the first thing that comes to our mind is the real estate. At some point, we all have thought about real estate and investing in it. After all, it is considered one of the easiest to invest to earn a profit. The market of real estate is huge, growing and mature.

One of the newest technology that is affecting the world in a certain way is the blockchain technology. It is said that this technology can change the whole world and start a new era. But adapting to the world, especially to the real estate is a very slow process for now. This is why today we are discussing something very similar to this. A project called Dominium.

What is Dominium?

Dominium is a blockchain based project. They are aiming to create a platform where one can manage their real estate properties much more conveniently in the blockchain. It will be completely legal, regulated, decentralized, property financing, listing, managing platform. They want to provide every service a real estate investor desire all in one platform. Their services are not available anywhere with the blockchain. This is where dominium comes into play.

Real estate is a huge market. There are million dollars of transactions happening every day. In the meantime, one of the most trending subject, the blockchain is trying to change the world. As predicted the market cap of the crypto is increasing at a drastic speed. Eventually, crypto will be used in many different places. Including real estate. Dominium is giving the whole process a headstart.

Market Condition

Real estate popularity is increasing day by day. It's considered one of the safest and best investment option. The market cap of the real estate industry in 2016 was around $7.4 trillion. In just one year it increased by 15% $8.5 trillion. The industry is mature and has been here for a century.

On the other hand, we have crypto. The popularity skyrocketed in 2017. Currently, the crypto market is valued more than $300 billion and yet it's only the beginning. It's slowing trying to adapt to the world, people are trying to implement it in different places. When it comes to real estate, there has been some real development here. For example on 2018 first real estate on the blockchain was sold and in 2017 first house was bought with bitcoin.

Both of their market caps are huge. Real estate is still not yet fully into the blockchain system. But when it's completely adapted with the blockchain, it can reach the market cap of the real estate higher than ever.

Being said all these, we can't also say that the current real estate industry is fully perfect. Some problems are still faced everywhere. A few of them are listed below.

Data and Transaction

Real Life transactions can take quite a while to transfer when it's a large amount. There is a lot of documents to verify, paperwork and so on. When it comes to transaction and real estate, it's always important to be secure, fast and smooth. Undoubtedly not every one of them is not present at the moment.

Services

Investing in real estate is not everything about this. There are other things that need to be taken cared of. In the current condition, most time all the services for a real estate cannot be found all in one place. One has to look at different places to manage the property in different ways. This is something most investors are aware of and dislike it

Dominium Features

Here dominium offers a platform where a real estate investor can do their every single mandatory thing all in one place. Here is what they can offer.

Verification

Real Estate investing requires full proof verification as it's not a small investment. To comply with the rules of the government, dominium will conduct a full verification of each participant before they can invest. This way they are making sure that everyone's fund is secured and also going by the government rules.

Property Listing

Dominium will list different properties. This way one can easily find a property to their liking. As it's based on the blockchain, one gets the opportunity to pay for real estate in crypto.

Rules and Regulation

Real estate platform or company always has to go by the rules of the government. As dominium is based on the blockchain, it makes certain rules hard to follow. To make sure no rule is broken, dominium will use Ardor Child Chain. Utilizing this allows dominium to comply with the rules of the government.

Transaction

Dominium being based on the blockchain, allows them to transact at much faster and smoother. Letting the investor buy the property with just a few clicks is a huge improvement to the current condition.

Smart Contract

The Smart contract is a big feature of the blockchain. It allows seamless transactions without any stopping and smoothly. This makes every transaction secure and makes sure that every fund is going exactly where it's supposed to.

All in One

Dominium provides every service a real estate investor needs including managing, financing and so on. Rather than going places dominium put everything in a single place.

Roadmap

Team

ICO Details

• Token Symbol: DOM
• Token Protocol: Ardor
• Token Price: €0.25
• Total Supply: 1,000,000,000 DOM
• Soft Cap: €2,750,000
• Hard Cap: €17,500,000
• Accepted Currencies: EUR, BTC, ETH, BCH, LTC, BNB, NXT, ARDR, IGNIS

Conclusion

Dominium is creating a bridge between in crypto and the real world in the real estate industry. Their platform can interest others to invest in real estate in crypto as it is not possible now. It definitely can be said that dominium can be successful and potentially huge.

Find more about Dominium here

Website: https://dominium.me/
Facebook: https://www.facebook.com/Dominium.me/
Twitter: https://twitter.com/Dominium_me
Telegram: https://t.me/dominium_en
ANN Thread: https://bitcointalk.org/index.php?topic=4989887.msg45009988#msg45009988
Whitepaper: https://dominium.me/sites/default/files/Dominium%20White%20Paper%2020180710_0.pdf