I have many buisness ideas where i think blockchain tech would be of a great benifical usecase. I have the intententions of hopefully working to implemplent some of these ideas in the near future as i progress with my education here. One example though, of a potential solution to blockchain in buisness that iâd like to submit as my idea, is targeted towards the real estate sector and how blockchain infrastructure both, private hyperledger and a decentrailised public company blockchain/tokenemocis would greatly benifit the tenent or house buyer, as well as the real eastate company/landord providing such potential capabilitys.
Over here in the UK, to secure a tennancy agreement to rent a property for a set period of time, a tennent would sign a contract outlining personal details, agreed rent pm, duration of tennancy, property itinery of fixtures and furnisings if furnished stating condition, terms and conditions of tenent/landlord responsibilities and company policy. Also, it is usualy the norm to provide four weeks rent in advance and a security deposit of at least a months rent, to cover any damages or unreasonable wear & tear or if rent falls into unegotiable arrears. If there have been no problems and all conditions are met at the end of the tennancy, then the deposit is returned in full. This deposit is sometimes held privatey by the company/landlord, but often by a third party which âaledgedlyâ keeps the deposit legally secure. So, two examples of potential use caseâs with regards to utilising blockchain tech, that being a private hyperledger in these circumstances, would first of all be the secure storage and managment of a clients data, tennancy aggrement and outling contract as agreed. The second potential use case could be the safe and secure storage of given deposit, which removes the risk of being held privately and at a potentual dispute or the need for an acting third party, which still has aspects of being centrailised and in the trust of the provider. If the deposit was held on a private company ledger, then a sidechain (smart contract) could be intergrated to act on if all condonditions are met at the end of tenanncy. Then, the deposit would be returned to tennent as agreed. A potential incentive that could be wriiten in to the contact would be the benifits of an internal defi protocol that could be attatched to the deposit given, which could generate an intrest on given deposit. This could be say, for example used as a safeguarding mechenasim, both for the tennant and landlord, whereby if the tennent, happend to get into arrears, then a daily/weekly stream at a set intrest payback could be filtered into a tennents main account to recuperated arrears while problem was resolved, if hits zero, then legal action or enquiys could take place. The gaining intrest on given deposit could also be seen as an extra buffer if considerable damages/emergancys needed to be addressed at a somepoint. However, at the opposite side of the spectrum and at a massive bonus and incentive to the tennent. If the the tennat reaches expiary of aggrement and is vacating the premesis. Then providing all conditions are met and everyone is happy, the deposit would be relaesed back to the tennant, with any accrued interest on top, providing a welcome bonus for being a good tennant and using the company as thier home provider. Happy tennant, with a bit extra in the back pocket to go into thier next home with. yey⌠A certain degree of the interest accruing on deposits could be filtered back to the company/landlord, which would further benifit company buisness revenue. yey, Happy, landords!!
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With regards to a said real estate copampany having its own public chain or token. Then i feel the token could be a great incententive and advantage to attract house buyers as well as reward tennants that present no issues. if the company say had its it own token publicly available, the a potential house buyer could either pay in fiat, and recive a complimentary airdrop of said token or if a buyer was to purchase company token prior and opt to pay for the property using the company token, then the property could come at a discount over paying with fiat. Again there could be more incentives by tokens used to purchase a property or as complimantary airdrop where by tokens are staked back to the company, which would secure the company token as well as provide further interest paid back to the customer as rewards, whilst at the same time increasing the value of the token, providing houses are being sold and propertys being rented. The company token could also be disributed to renting tennents on a monthy bonus basis according to rent paid on on time, which would provide tennents with further rewards and potential incententives to be a good tennent. The company token would also be available on public exchanges if people find it attractive to support and invest in. basically if customers and tennants are happy, then everybody is happy. Overall, if tokenemics was set up correctly then it could potential safeguard everyone from financial pressures surrounding having a home and in fact generate wealth and income for all participants helping contribute a fairer set up in society for all⌠yeyeyeyâŚ
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if anyone would like to elaborate or add thier ideas to this, or better yet, instigate developing this idea then shout, init!!
Asher