It sounds very interesting to learn that John McAfee, the founder of the world’s largest professional security technology company, will start a strategic cooperation program with i-house. And with concerted efforts, they will work together to promote the development of the global real estate blockchain platform.
i-house, featuring a systemized model of property-sharing service, is a platform designed for blockchain property-sharing and demands management. Its primary businesses include overseas real estate transactions and blockchain property financing.
IHT is an intelligent contract technology as well as distributed accounting technology. It was developed under the i-house.com, and was specifically designed for the separation of real estate.
As a matter of fact, it’s considered as a brand new type of commercial model. It may be difficult to understand at the very beginning for those who are not familiar with the model.
In this way, I’ve got to know some first-hand and truly authentic materials from official sources of i-house. And you’re going to know more information that you may interested in.
For real estate owners and investors, there are several normal procedures to follow in order to make full use of IHT.
To begin with, real estate agents can be granted with the right to issue ATO, after they pass the qualification authentication procedures (related legal licenses, property registration and ownership certificate, etc.) on the IHT platform.
When launching ATO, real estate agents should specify details of properties (for instance, home address, area, and the time limit of property rights, and so on), shares of properties on sale, possibility of repurchase within a fixed period of time, effective duration of subscription, as well as annualized returns.
After finalizing the shares, real estate agents need to use the IHT in the wallet to pay for the fees of shares separation. Only by doing this way can they launch the ATO.
Lastly, financial institutions should register on the IHT platform, and then, secure suitable assets through screening and sorting on the underwriting platform of IHT. By paying certain amount of IHT, financial institutions can underwrite part of the shares owned by a specific ATO. The amount of IHT is in fact decided by the particular conditions of ATO. After confirming the completion of the underwriting process, financial institutions are able to divide the shares into several sub-products, and then issue them on their respective platforms, given that they have display entries for users with various backgrounds to check them out.
Ordinary users can invest this platform in the following ways. We can learn from the answers mentioned above that after the financial institutions finished the underwriting process on the platform of IHT, they are able to issue sub-products on their respective platforms. Then investors can purchase sub-products from the sales entrances of financial institutions; besides, if an investor has no purchasing experiences, he or she can also make the purchase on the sales page of financial institutions through the IHT platform. They can select a specific type of products based on their individual interests and financial capabilities.
There are more potential benefits for real estate owners and investors:
For the owners of real estate, they can use intelligent contract technology service and divide their real estate into several smaller parts, which can help reduce the amount of investment, increase circulation of real estate, and make each procedures transparent. These features can help make the transacting process a convenient and flexible one. They can also help divide small properties into smaller marketable ones, and shorten up the market cycle. In a word, the IHT provides a necessary tool for real estate owners as well as investors, and to a large extent, it helps companies reduce the costs of management, maintenance, and personnel.
Investors can underwrite some of the trustworthy and approved projects as listed on i-house platform. They can enjoy the benefits brought by real estate premium, legal tender premium, as well as annualized returns; besides, distributed accounting technology service allows full transparency for investors, which means users can check out details of each transactions and enjoy the safety of investment.
As the application of blockchain model expands into various industries, its involvement in the real estate sector will continue to climb up. As a pioneer in operating real estate blockchain model, i-house will embrace an expanding market share as well as an increasing profit.