The Real Estate client wanted to digitize their real estate business to the extent where the web platform would help users to buy a property in shares in the form of tokens in exchange of crypto. A single property would be owned by multiple investors thereby reducing the need for capital all at once and allowing more people to participate.
Solvios Technology was successfully able to create a marketplace where the client could list their properties and prospective customers can buy their share in listed properties. In May 2022, Solvios Technology marked the completion of the 1st phase of the solution.
Solvios Technology developed the mint and allocate system on the marketplace which includes:
Users can buy shares in a property by placing a buy request and transferring crypto through their wallets:
Technologies used for the Blockchain and Smart Contracts are:
The aim to build a real estate marketplace has boosted the organization’s vision for decentralized and transparent transactions with higher visibility for all stakeholders involved. It also became easy for small as well as large investors to buy properties through crypto on virtual platforms just by connecting their wallets and making a buy request.