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Thursday, 19 July 2018

Instant Asset Token - Project Review

IA Tokens


IAT-ICO-Review, Blockchain, CryptocurrencyIAT platform utilizes blockchain and smart contract technology proficiently to revolutionize the real estate industry. We know that real estate is one of the biggest industries in the world and it’s growing every day at an incredible place. Despite this positive growth and development in the industry, the participants are facing problems. There are high transaction fees, lack of payment-security, and lack of resources to find potential buyers and sellers on a single platform to name a few. 
IAT has launched an ERC compatible token which will be offered for sale in the ICO phase. The funds collected from this sale will be invested back to the development of IAT blockchain technology and purchasing of real estate assets to be made available for sale and purchase in the initial stages. Let’s explore the ecosystem’s true potential below.

IAT platform breaks the geographical barriers 


The most significant problem of the real estate industry is buying and selling properties cross-border. The conventional system does not allow foreigners to purchase property and if a country’s rule allows them to do so, there are many regulatory hurdles. This ecosystem introduces Native Instant Assets Tokens (NIAT). As the name suggests, these tokens are equivalent of IAT tokens which can be used in foreign countries. To make the idea more comprehendible, every country will have its own NIAT token which will be IAT equivalent and will facilitate to make transactions against real estate deals. 

What solutions does IAT offer?


The success of any new platform lies in its uniqueness from others and IAT stands distinguished in offering something that will truly revolutionize the real estate industry. Let’s list them below:
Reduces the overall transactional costs
Offers security to all the participants of the real-estate industry
Makes the entire process transparent
Saves time and cost
Removes the geographical barrier for purchasing properties anywhere
The purpose of this platform is to make the real estate business approachable to the masses by offering every possible ease in selling, buying and all the associated factors with its trade. The ecosystem has made an efficient use of blockchain and smart contract technology to break the conventional barriers in the real estate industry.

Transparent transactions


IAT-ICO-Review, Blockchain, CryptocurrencyThe smart contract technology is known for its automation. IAT utilizes this technology to make the terms of transactions immutable. For example, smart contract bounds the corresponding parties to set their commission rate, purchase rate, and any other financial transactions until the completion of the process. To make it simpler, buyers and sellers pre-agree to the rates and commissions through smart contract and the payment will only proceed once their deal is completed. There will be no outside factor influencing the transactions since smart contracts automate them on meeting the agreed conditions. This brings transparency and trust to the real estate sale and purchase. The platform is not limited to sale and purchase; it also facilitates rentals. The multidimensional ecosystem also benefits the brokers and agents apart from buyers, sellers, and rentals.  




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Item Reviewed: Instant Asset Token - Project Review Description: IAT platform utilizes blockchain and smart contract technology proficiently to revolutionize the real estate industry. Rating: 5 Reviewed By: Unknown
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