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Real estate is one of those few industries that has been slow in adopting novel technologies. The industry relies heavily on human knowledge work and personal relationship building as its primary tool for driving value. However, when it comes to blockchain, the real estate industry has been quick to adopt the technology .
But why the sudden change from the traditional model? First and foremost, blockchain technology solves the problems real estate industry that other digital technologies weren’t well-suited for. Peculiar blockchain tools like smart contracts and blockchain-verified title ownership are clear ways in which the technology provides real value for the real estate industry.
Blockchain is a secured distributed digital ledger technology, that is built with transaction management in mind. This makes it perfect for an industry that relies on large scale transactions based on complex agreements and contracts.
Every player in the real estate industry is scrambling to apply blockchain to improve existing processes — and whether you are a real estate agent, a mortgage broker, or a bank, there are probably blockchain dApps coming down the pipe that will transform the way you do business. A new start up company from the Philippines is leading the way with some of the first real world application of blockchain technology within the real estate industry. Read on to learn more about how this [Instant Asset Token is leveraging this technology to impact real estate industry, and where opportunities for future integration and improvements are still open for development.
One of the key challenges blockchain technology faces is direct utility in the real world.
The problem is that blockchain still has not attracted a large enough userbase and so the current net targetable market cannot sustain consumer-aimed applications.
A new project aims to use blockchain technology to provide utility to a real-world problem through the one value-additive blockchain technology has successfully provided.
What Is Instant Asset Token?
Instant Asset Token is a startup blockchain company that is focused on tokenizing real estate in the Philippines. IAToken is developing a new protocol for real estate investment; the goal of the project is to carry blockchain technology’s ability to provide decentralized opportunities into the massive real-world property investment markets. The company is fully backed by DigiAssets Pte Ltd and Realty Beacon Philippines Inc. — both of which will serve as the pivot and custodians of the assets acquired by the IAToken project.
Decentralised Solution For Investors
Many existing attempts to carry blockchain technology into the real world aimed at creating new outlets of blockchain utility — such attempts will take time to be realized. Instead of aiming for a challenging route of paving a new utility, IAToken is utilising the blockchain to provide a value-additive to real-world assets.
IAToken tokenised real estate Protocol tokenizes any physical property and allows a decentralized network of investors to invest in the Fractional Mortgages Shares. This concept is in alignment with how ICOs function so the fundraising through a decentralized network of investors is a battle-tested utility of the blockchain.
IAT and NIAT tokens
In order to ensure the tokenisation is effective on its ecosystem, IAToken has created the IAT token as its native token to facilitate the processing of transactions. The project also has a second token called Native Instant Asset Token (NIAT) which is pegged at the rate of the native currency of a country. NIAT will enable the trade of assets and properties bonds, thereby providing them the degree of liquidity available to token investors.
Benefits Of NIAT token
NIAT tokens will be of great benefit to the investors in numerous ways. The IAT ecosystem encourages the use of NIAT for various benefits.
Payment of rents
The IAToken platform allows tenants to use NIAT for paying their rent and rate reduction will be provided.
Purchase of Assets
Another benefit of the NIAT token is that it can be used to purchase assets and properties within the IAT ecosystem.
Payment for Asset Management Services
Tokens holders can utilise NIAT token to make payment for our asset management services. Further discount on the fees will be given to encourage the use of NIAT.
Receiving Commission for Agents/Brokers
Agents/Brokers can opt to receive their commission in the form of NIAT. The IAT ecosystem will also allow the agent/broker to provide a slight discount to their clients as an incentive for utilizing NIAT for the transaction.
Listing of Assets for Sale or Rent
Tokens holders can opt to use NIAT for paying listing fees when they list the assets on the web portal. The company will provide discounts on the fees if NIAT are being used. Listing may be initiated by either agents, brokers or individual owners.
Summary
By introducing its successful infrastructure for tokenised real estate, IAToken is giving blockchain technology a real-world utility in the real estate markets. The IAToken Native Instant Asset Token (NIAT) will provide liquidity to the tokenized landed properties
Website: http://www.iatokens.com/
Telegram: https://t.me/iatokens
Facebook: https://www.facebook.com/IATOfficial/
Twitter: https://twitter.com/IA_Tokens
Whitepaper: https://www.iatokens.com/wp-content/uploads/2019/11/whitepaperv4.pdf
Medium: https://medium.com/@IATokens
Real estate is one of those few industries that has been slow in adopting novel technologies. The industry relies heavily on human knowledge work and personal relationship building as its primary tool for driving value. However, when it comes to blockchain, the real estate industry has been quick to adopt the technology .
But why the sudden change from the traditional model? First and foremost, blockchain technology solves the problems real estate industry that other digital technologies weren’t well-suited for. Peculiar blockchain tools like smart contracts and blockchain-verified title ownership are clear ways in which the technology provides real value for the real estate industry.
Blockchain is a secured distributed digital ledger technology, that is built with transaction management in mind. This makes it perfect for an industry that relies on large scale transactions based on complex agreements and contracts.
Every player in the real estate industry is scrambling to apply blockchain to improve existing processes — and whether you are a real estate agent, a mortgage broker, or a bank, there are probably blockchain dApps coming down the pipe that will transform the way you do business. A new start up company from the Philippines is leading the way with some of the first real world application of blockchain technology within the real estate industry. Read on to learn more about how this [Instant Asset Token is leveraging this technology to impact real estate industry, and where opportunities for future integration and improvements are still open for development.
One of the key challenges blockchain technology faces is direct utility in the real world.
The problem is that blockchain still has not attracted a large enough userbase and so the current net targetable market cannot sustain consumer-aimed applications.
A new project aims to use blockchain technology to provide utility to a real-world problem through the one value-additive blockchain technology has successfully provided.
What Is Instant Asset Token?
Instant Asset Token is a startup blockchain company that is focused on tokenizing real estate in the Philippines. IAToken is developing a new protocol for real estate investment; the goal of the project is to carry blockchain technology’s ability to provide decentralized opportunities into the massive real-world property investment markets. The company is fully backed by DigiAssets Pte Ltd and Realty Beacon Philippines Inc. — both of which will serve as the pivot and custodians of the assets acquired by the IAToken project.
Decentralised Solution For Investors
Many existing attempts to carry blockchain technology into the real world aimed at creating new outlets of blockchain utility — such attempts will take time to be realized. Instead of aiming for a challenging route of paving a new utility, IAToken is utilising the blockchain to provide a value-additive to real-world assets.
IAToken tokenised real estate Protocol tokenizes any physical property and allows a decentralized network of investors to invest in the Fractional Mortgages Shares. This concept is in alignment with how ICOs function so the fundraising through a decentralized network of investors is a battle-tested utility of the blockchain.
IAT and NIAT tokens
In order to ensure the tokenisation is effective on its ecosystem, IAToken has created the IAT token as its native token to facilitate the processing of transactions. The project also has a second token called Native Instant Asset Token (NIAT) which is pegged at the rate of the native currency of a country. NIAT will enable the trade of assets and properties bonds, thereby providing them the degree of liquidity available to token investors.
Benefits Of NIAT token
NIAT tokens will be of great benefit to the investors in numerous ways. The IAT ecosystem encourages the use of NIAT for various benefits.
Payment of rents
The IAToken platform allows tenants to use NIAT for paying their rent and rate reduction will be provided.
Purchase of Assets
Another benefit of the NIAT token is that it can be used to purchase assets and properties within the IAT ecosystem.
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