BLOCKCHAIN REAL ESTATE PROCESS TO REVOLUTIONIZE LEASING PROPERTY

How Blockchain can change Real-estate

A hacker needs to get through the whole blockchain that requires an immense amount of computing power to get to the information stored in a particular block. There are features that make Blockchain almost immutable where only new information can be appended, so for a hacker, it becomes non-profitable for the culprit. Blockchain ensures that storing real estate document information remains to originality and credibility. Approvals and confirmation can be stored with the timestamp for future references and it can happen easily over the Blockchain network since all the parties are on the network. The reconciliation is performed automatically as, everyone in the network has a copy of the database, therefore the distributed database serves as a single source of truth. Changes if made any get transmitted to every node in the network and there, they get updated in their copy of the database almost instantaneously. This conveniently eliminates the role of any mismatches/errors. Blockchains that are private permissioned have their verifying authority, which validates each transaction, so only the legitimate transactions are processed and become the part of the Blockchain

We are one of the Leading Blockchain Development Company. We offer best Custom Blockchain Development Solutions & Services to solve complex business problems

Rejolut is a Blockchain Development Company to deliver build fast and robustly secure Blockchain Applications for financial as well as other purposes at lightening speed. Hire Blockchain developer from the leading tech company as per your requirement.

Real-estate Industry: The Present

Following are the limitations which always prone in real-estate

Transparency

Intermediaries have such business models which makes them biased towards thedeals that earn them more profit as they are in market to make a hefty profit. Intermediaries can choose to limit the options visible to the seller or give priority to the ones that are more lucrative to them and many times deals are not alwaysin favour of buyers.

Reliability

Buyers whom are not well informed or well educated might not do background checks of intermediaries, as there is always a possibility of online scams. An impressive website and few imposters can fool buyers into buying a property that is not available/suitable for sale, which might result into lawsuits, leading to draining of asignificant chunk of money.

Correctness

Forged documents play an important role in conning buyers to make them buy illegal/not for sale/unsuitable property. The alteration of physical documents like property papers or bank statements are hard to recognize as with the right contacts, imposters can prove that the fake documents are legitimate.

Extra Cost

Why must an owner and the buyer who wants to own the property must pay some extra money to the intermediaries? As many times instead of doing good by getting better deals and making the whole experience smooth for the buyer, they end up giving unpleasant experience. Where in many cases there had been instances of broker partners with the seller to sell a property at a higher price than the market standard by indulging in unfair business practices

Problems of the Commercial Real-estate (CRE) market

Complex Agreements

CRE leasing involves many entities where they have several contracts signed amongst them. Business proceedings can get disrupted if any error or mismatch in any of these documents happen, which results inloss for all the parties involved.

Managing Cash Flow

Maintaining track of everything like ensuring pay-outs has been received, taking confirmations, distributing maintenance charges among entities, and more, makes the whole process cumbersome. As many times property is leased not by one entity, but by multiple entities

Record Keeping and Security

Recording each transaction is challenging in times where there are so many transactions happening every time. Also, everything which gets recorded are also guaranteed that the records can’t be tampered with and only accessible to authorized people

Absence of the Real-time Data

Real-time data access is required to capitalize on the last-minute updates, that lets one get the best property that fits the criteria.

Real Estate Blockchain: Use Cases

Smart Contracts to Streamline Lease Pay-outs

Smart contracts are the lines of code written to get executed autonomously when exposed to a specific data trigger, which are a set of predefined rules that can’t be edited, mostly once coded. This makes Smart contracts streamline extremely complex leasing pay-out contracts. There is no need to keep track of everything as each of the transactions is time-stamped and recorded, which makes whole process automated, saving time, effort, and money

Tokenization to Enable Smooth Land Registry Process

The real use case of a token is the digital representation of a physical asset but atoken in the true sense, is a Smart Contract on Blockchain. In this case, a property can be said to be ‘tokenized,’ when a token representing the asset is created on the Blockchain it has a unique identity and can’t be traded for another token (non-fungible). Anyone who owns this digital token can be considered as the owner of the property and in the Blockchain based system it becomes easy to prove the ownership of the property. The feature of ability to trade these tokens come helpful in buying/selling property, anytime, anywhere, almost instantaneously. The legal paperwork involved in purchasing the property might not replaced with tokenization, but it can certainly act as a quick and reliable system to make the first level of commitment in the purchase process.

Decentralized Exchange

We being a Blockchain development company, our team of developers has expertise in Custom Software Development with great robust and hack-proof platform over iOS and Android, along with platform for Web Application development for securely real-time exchange of digital currencies.

Blockchain Real Estate Process

Property Marketplace

Online marketplace is where the lessor and the lessee both meet and where verified information about the property is available to everyone transparently, including owners details, geo-location, chain of custody, the area covered, and more. To ensure the authenticity of the information, marketplace will be integrated with the government systems.

Identity Verification

By integrating identity verification solution, it may involve third-party verificationcompanies, government agencies, banks, investors, and more, who will verify theidentities. From multiple sources, such as bank transactions the solution will validate the information.

Immutable Agreements

The terms and conditions of the agreement will be recorded in the Smart Contract, once both parties decide to go ahead and enter into the agreement.

Autonomous Pay-outs

The lease pay-out will get credited in the accounts of the lessor, upon based on the T&C stored in the Smart Contract. All the data can be utilized for real time data analysis, which are recorded over the Blockchain network.

Blockchain opportunities and challenges

Blockchain technology would make one evaluate costs and benefits. The potential benefits while assessing the extent of overhauling existing systems andinteroperability with the various technology systems are used by different stakeholders of CRE transactions. While alleviating some of the existing challenges, Blockchain technology can create opportunities which are –
1) Improve property search process
2)Expedite pre-lease due diligence
3)Ease leasing and subsequent property and cash flow management
4)Enable smarter decision-making
5)Transparent and relatively cheaper property title management
6)Efficient processing of financing and payments more easily

Potential of Blockchain technology

To fight the problems in Real Estate, Blockchain is the perfect solution, not just for private start-ups, but also the governments have taken initiatives to adopt it. In Sweden, a group of participating banks, businesses and start-ups are in the final stages of implementing aBlockchain real statepilot along with the Sweden’s land registryauthority. Now, Smart Contracts are on their path to recognized as authentic points of reference for real estate transactions in states like Vermont and Arizona of the United States. Launching of a real-estate application is being done by a New York based start-up namedShelterZoom,thatwill enable buyers and sellers transact deals over a blockchain-based network. ABlockchain real stateplatform based on SAAS model has been developed by Ubiquity, that enables users to record property information and track the chain ofownership securely. For Corporate Real Estate Blockchain implementation becomes more crucial as it involves high net transactions and a technology solution like Blockchain that can reduce operational cost has the potential to get wide acceptance and quick adoption.

Blockchain Development Services

Rejolut is one of the leading Blockchain Development Company which is working with leading brands across the world like Hashing Systems, Hbar price, Earth ID, Tata Communication, Malaysia Airline etc.

Blockchain based Consulting

Our Blockchain based consultancy revolves around that how it could bring advantage to your business along with added trust and transparency

dApps Development

As a Web Application Development Company, we engage in creation of innovative ideas to designing and developing, our Blockchain developers to it all to transform it into dApps which eventually helps our clients to maximize their ROI

Blockchain based Supply Chain development

We put into use the transparency feature of Blockchain technology for Supply Chain based solutions in various industries by Custom Software development, which offers 100% transparency at each step of the product

Custom Blockchain Development

Our expertise over various Blockchain platforms such as Hyperledger, Corda, Stellar, Tezos gives us an upper hand in developing a robust Blockchain solution for enterprises which is scalable

Smart Contracts

We have developed smart contracts for various purposes such as Blockchain Supply Chain solutions, dApps. Our dedicated smart contracts development team develops and deploys smart contracts for public and private blockchains efficiently

Decentralized Exchange

We being a Blockchain development company, our team of developers has expertise in Custom Software Development with great robust and hack-proof platform over iOS and Android, along with platform for Web Application development for securely real-time exchange of digital currencies.

Wallet Development

Our highly knowledgeable and skilled team of developers can develop wallet dApps which can provide seamless convenience for creation of digital assets and currencies, along with the smart ability to track history at ease

We being a Blockchain development company, our team of developers has expertise in Custom Software Development with great robust and hack-proof platform over iOS and Android, along with platform for Web Application development for securely real-time exchange of digital currencies.

Blockchain development platforms we work on

Hyperledger

Hyperledger is an open source collaborative effort created to advance cross-industry blockchain technologies. It is a global collaboration, hosted by The Linux Foundation, including leaders in finance, banking, Internet of Things, supply chains, manufacturing, and Technology.

Ethereum

Ethereum is an open-source blockchain-based distributed computing platform and operating system featuring smart contracts functionality. Ethereum was the first blockchain project to install smart contract technology, which eliminates the need for third party to enter into an agreement

Corda

Corda is an open source blockchain project, designed for business from the start. Only Corda allows you to build interoperable blockchain networks that transact in strict privacy. Corda's smart contract technology allows businesses to transact directly, with value.

Hashgraph

Hashgraph is a distributed ledger technology. It is an asynchronous Byzantine Fault Tolerance consensus algorithm capable of securing the platform against attacks.

EOS

EOS is a Blockchain platform which is powered by native cryptocurrency named as EOS. Its is a decentralized operating system which can support industrial large-scale dApps.

Stellar

Stellar is an open source network for financial products, with Stellar one can create, send and trade over digital assets.

Tezos

Tezos is a platform linked to a digital token, called a Tezzie or Tez, which is a decentralized blockchain platform that is self-governing and establishes a true digital commonwealth. Here token holders get a reward for participating in the proof-of-stake consensus mechanism, as platform is not based on the mining of Tez. Tezos is a smart contract and dApp platform. What makes it unique from other platforms is its self-amending cryptographic mechanism.

Tron

Tron is a Blockchain platform based upon cryptocurrency named Tronix, which is decentralized nature and used to create high performance Blockchain apps

Blockchain Development Experts

Advantages of Blockchain in Real-estate

Enhanced Accessibility to Property Data

Users will have more control over their data in a Blockchain based marketplace, where a third party like a broking agent or broking website, won’t be able to manipulate the data. All these will lead to enhance transparency, improve the visibility of international listings and reduce costs.

Reduce the number of intermediaries

Communication would be directly between the buyer and seller, which will either remove the role of intermediaries or at least reduce their influence on the process, with help of Blockchain solutions.

Quicker Background Checks

The multiple verifying parties present on the network that can quickly validate the information over the Blockchain network and this process will be much fastertoo.

Hassle-free Cash Flow Management

Smart Contracts can automate all the processes that involve multiple stakeholders over the Blockchain based network, who coordinate among each other to distribute lease pay-outs and pay maintenance charges. Such transactions can even be easily traced later.

Better Decision Making

Better decisions can be made by corporates using the insights generated via data analysis and availability of the real-time data

Custom Blockchain Development Advantage

Having more than 2+ years of cumulative experience developing Blockchain Applications on different platforms, we understand you requirement better than else and capable of delivering at lightening speed. Hire R3 corda developers as per your requirement from leading tech company.

Transparency

By making use of Consensus Time Stamping, Corda ensures that no one can control the order of transactions.

Security

Based on the Bank-Grade Security, Corda offers great security by ruling out bad actors from preventing consensus.

High Potential

Corda is really fast and has potential to compute around 200,000 transactions just within a few seconds.

Uniqueness

Corda works on the two techniques i.e. Gossip about Gossip and Virtual Voting to reach the distributed consensus that is quite effectual.

Technologies We Work On

Blockchain

Hashgraph logo
HyperledgerLogo
Corda Logo
Ethereum Logo
Tezos

Front-end

Angular Js
React logo
Bootstrap

Back-end

Node Js
Python
Java
Express Js

Mobile Application Development

Swift
React
Ionic

Database

Mysql
Oracle
Mango DB

Servers

Amazon We services
Google Cloud

Rejolut Blockchain Development Process

Rejolut Technology provides  Custom Blockchain Development Services to startups and Enterprises. We are working with the Fortune 500 Brands. We develop an nimble software development approach for all types of development projects. We have dedicated team of software engineers with decades of experience and  track record of delivering successful projects before the committed date and time.

development Process
Enterprise Blockchain Developers In India

Hire Blockchain Developer | Hire Dedicated Blockchain Developer

Long Term Contract

25$/hr

Minimum one year

Hire Dedicated Developer

Short Term Contract

30$/hr

Minimum six months

Hire Dedicated Developer

Consultancy/Bug-Fixes

40$/hr

Minimum one hour

Hire Dedicated Developer

How We Get Blockchain Development Done

Transparency

We ask our clients to participate in a deeply collaborative process. You’ll be in constant communication with your team every step of the way.

In depth knowledge​

We are one of the Top Blockchain Development Company who has the capabilities to go very deep inside the code of blockchain to solve the business problem. We can even rewrite the libraries and sdk.

Customer obsession​

We are obsessed to serve you better than any other Blockchain consulting firm. This obsession leads us to go extra mile for all our customer. Your priorities are our priorities. Your goals are our goals. Your success is our success.

Code Quality

We treat your project as our own. We always keep in mind the scalability, security and reusability before writing a single line of code. All the code which we do will be shared by you from the day 0 in GitHub repository.

Better, stronger & faster

We move quickly. A fast-paced and aggressive approach will be the catalyst for our engagement and iteration. Staying agile allows us to prioritize needs, test earlier, and land on the best possible solution.

 

30 days free warranty​

We are so confident about our deliverables that we provide 30 days free warranty for any issues or bugs arises in the code written by us. Although it does not happen normally but if it happen we will solve it for free.

Let’s build something awesome using Blockchain

Frequently Asked Questions

Each transaction is confirmed as we go. This massively increases privacy (your transaction is not intermingled with everybody else’s) and, because we support multiple notaries on the same network, also enables things to go faster. So Corda is both a blockchain and not a blockchain!

R3 stands for Reduce, Reuse, Recycle.

Checklist while Hiring Blockchain developer

1
Responsible for the architecture and design of Smart Contracts, Oracles and DAPPS based on a distributed blockchain-based network.
2
Our developers have minimum 5+ Years in software development experience, 3+ Years in Blockchain
3
Knowledge of R3 Corda and Quorum Blockchains. Strong knowledge of Ethereum and Hyperledger
4
Knowledge of R3 Corda and Quorum Blockchains Smart contract development experience in Solidity/GO
5
Hands on experience with Truffle, Web3.js and other Blockchain developer tools Strong software development background
6
Strong knowledge of common algorithms and data structures Strong knowledge of concurrency and writing efficient and safe multithreaded code

4

Developer should have the knowledge of fundamentals of blockchain, smart contracts, Consensus, governance etc.

5

Experience and awareness of socket.io library is something you have to check for, because, web sockets help create real-time applications like chat and even games.

6

Experience and awareness of socket.io library is something you have to check for, because, web sockets help create real-time applications like chat and even games.

Our innovative hiring | Training process

Our HR team source the resume from best colleges/companies based on the job description

Once we filtered the right set of candidate we provide them the algorithm and domain specific online tests

Once selected the first round we call them at our headquarter in Mumbai for 3 F2F round and meeting with team

Once the developer is on-boarded we deploy them in live projects for 3 months before available for hire by the clients

Rejolut by the Numbers

30+

Projects
Completed ​

5+

Startups
Got Funding​

5000+

Entrepreneurs
Consulted Worldwide​

150K+

LInes of Code
Deployed​

2

Development
Centers

25+

Global
Workforce​

Why Hire Blockchain Developer from Rejolut?

Dedicated Resource

We provide you dedicated resource who only focus on your project which leads to quality code and faster implementation

Daily/Weekly Reporting

Our developer provide you the daily & weekly reporting. We follow Trello for task management & slack for hassle free communication

Scalable Framework

Our proven framework will led you to scale the team on demand keeping the quality intact

Remote Capabilities

We are the remote first company and all our developers have experienced in working remotely

Flexible cost

You can hire from us a dedicated developer or a dedicated team or to solve a small issues

Managed Service

Our all developers are managed by a highly qualified founding team who are responsible for quality delivery on time

Other related service from Rejolut

hyperledger developers
Hire Hyperledger Developer
Crypto exchange developers
Hire Emerging Technology Developer
Hedera Hashgraph Developers
Hire Hedera Hashgraph Developer
enterprise technology developers
Hire Enterprise Blockchain Developer

Insights

Top 20 companies in 2020 for Corda Development

Top 10 Trending Technological Trends in 2020

Top 10 companies in 2020 for Enterprise Blockchain

We believe in winning and help you to win

  • producthunt-golden-kitty-award

    One of the products developed by us is selected for the ProductHunt Golden Kitty Award in 2019 in Dev Tool category

  • selected-as-the-startup-of-the-week

    We got selected as the Blockchain Startup of the Week in 2019 by INC42, One of India's leading media pltform

  • we-got-covered

    The product developed by us got covered by Markets Insider, PR Newswire, Inc42, TechCircle, Forbes etc

  • contribution-to-open-source-projects

    We constantly innovate and contribute to open source projects. Currently, we have contributed to two open-source projects iOS SDK for Heders and Custom Model to parse resume using ML & AI.

  • working-with-fortune-500-companies

    We are fortunate enough to work with fortune 500 companies like Malaysian Airlines, Tata group, Jazeera Airlines etc in a very short span of time

  • believe-in-winning

    We are the winner of a couple of Blockchain Hackathon nationally and internationally

  • helped-start-up-to-bag-multi-million-dollar-funding

    The product which we have developed got multi-million dollar funding and also get selected in the top accelerators and incubators

  • first-in-the-world-to-deploy-smart-contract

    We are the first in the world to deploy the smart contract in Hedera Test Network.

  • app-got-selected-for-google-i-0-2019

    The app developed by us got selected for presentation in Google I/O 2019 to demonstrate Flutter Use-case in beauty Industries.

Happy Customer

We are the customer first agency and our obsession to solve customer problem differentiates us from other agency.  We believe in a philosophy that “Your happiness is our happiness and as you grow, we grow too”

Frequently Asked Questions

We provide you the managed service which means all our developers are managed by the founder itself who takes over all the technology & architectural decisions as long as the decisions are within the parameters that the business has set.

We understand the importance of data security and Intellectual property rights, so we have taken it very seriously. We follow these steps to safeguard it:-
1) We sign the NDA before any engagement.
2) Our all the office is protected by biometric door access control system and has only the limited access.
3) Access of any code or data is only available to the senior employee.
4) Our all employee is bound to sign the NDA before joining to protect the customer from any data or information breach.

which is done by us and if it breaks or messed by us we will generally fix it right away. It is rare
that you find the error post-launch (very rare!) but if it does happen, we will jump right on it. If the
code needs fixing because of the issue uncontrollable by us (like third-party libraries and plugins)
we offer a 30 days warranty for free support and fixing.
Naturally, our warranty does not include any fixes or changes done by you (client’s team). So if
someone in your team decided to go into the code and change thing up fixes will additionally cost.

We have taken our communication very seriously. The TAT for any queries by client is one hour in slack & one day in mail. 

Delivering the product on time is the only priority for us so if required our team is also present on client’s time zone along with weekends or on holidays.

We are a pixel perfect development agency. We do understand the importance of UI/UX in development process as it helps in increasing brand’s ROI, attract more users, reduce funnel drop, increase product presence in multiple screen sizes, increase retention etc. 

Our Team

Vishal Dharmawat

Blockchain Expert & Consultant

Rahul Asati

Blockchain Expert & Delivery

Blockchain Development in 2020

Want to explore ?
  • How does Blockchain works?
  • Is Blockchain open source??
  • What are challenges is blockchain adoption?

Success Story

“Deliverables are of premium quality at lightening speed which saves a huge cost on technology”

Rejolut is a great company when it comes to custom blockchain development. They are obsessed about quality deliverables and customer satisfaction.
I am happy to recommend them for any custom blockchain development.

Shiv Aggarwal

CEO, Myearth.id

“Customer obsession are of different level”

I worked with them at Mentorbox. They provide a fantastic technology consultancy with fast and accurate results to deliver high-quality product development. The founders are creative, knowledgeable and technical experts with vast experiences in many industries.

Gary Guo

Software Engineer, Google

Think Big, Act Fast

Speed up your Hedera Hashgraph adoption with our proven framework

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