The Real Estate Industry

Valued at over $200 trillion, the global property market has grown to become an incredibly popular market. Investors are always on the lookout for choice properties both nationally and internationally. Despite the significant value and investment opportunities in the property market, the market has been slow to join the innovation train which is driving the 4th Industrial Revolution.

A recent survey by PwC affirms that technology-driven disruption is one of the biggest challenges facing the industry. Real estate executives are less concerned about changing technological landscapes.

Traditionally, the property market is more of an in-person transaction-based. While this may not be a problem considering the increasing rate of fraud (particularly Wire fraud), this rigid structure is hindering the growth of the industry. Verifying the authenticity of a property can become potentially expensive, especially when traveling is involved, as in the case of island properties. Consequently, the time required to finalize a property transfer can become significant.

About Kealani

Kealani is a blockchain project that is attempting to streamline how things are done in the property market. The project touts itself as the “hyper chain for the next-gen property market.” According to their website,

We’re developing the infrastructure, applications and ecosystem to enable the entire transactional element of the property industry to happen directly on the Kealani Blockchain.

The network features smart titles and assets, an asset-backed coin, inbuilt KYC and AML standards and stability/security mechanisms powered by incentivized property nodes. Investors comprising of buyers and sellers can list their properties on the Kealani marketplace, transact, tokenized their property, register their titles, receive real-time appraisals and handle legal integration on the Kealani blockchain.

Kealani has a plethora of “components” within its ecosystem. Smart Property will usher in the use of “Smart Titles”, “Smart Assets” and “Smart Notaries” intended to digitally facilitate, verify, and enforce the terms of a contract. Security and stability of the network are achieved via Property Nodes. These nodes are responsible for processing and validating transactions on the network.

Other components of the Kealani ecosystem include decentralized property applications built on the Kealani blockchain, an asset-backed coin, hyper chain, and a blockchain-based identity solution (Kealani ID).

Property Nodes

Property Nodes are highly incentivized to maintain the integrity of the network. They receive block rewards in Kealani coins for their efforts towards stabilizing the network. Furthermore, they receive “Property Rewards” for building the network and growing the community.

As the core infrastructure of the Kealani blockchain, Property Nodes are locked for 36 months. They have been designed to pay a 20% annual ROI to node operators and 5% annually to Stakers. This is in addition to a 20% annual reward from property investments.

Asset-backed Coins

This is the game-changer for the Kealani blockchain. Kealani coins (KLN) have been designed to be a stable coin backed by non-digital income producing assets. 56.25% of the entire block reward is channeled Kealani Property Holdings to back KLN.

The company will be investing in superfood plantations and on branded residences and managed hotels/resorts.

Website — https://kealani.io
Twitter — https://twitter.com/KealaniChain

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