Blockchain Infrastructure – The Inner Works of Global REIT
Global REIT is a company that aims for true diversification on real estate portfolios by allowing users to make continuous investments into different types of assets. The team behind Global REIT is looking to create focused groups for investment based on geographical locations under a very dynamic platform where multiple REITs from every corner of the planet can join into a single ecosystem to unlock extensive options for other potential investment opportunities across the planet. To make this happen, the company is working hard to build a trade and exchange platform based on ERC-20 protocols and smart contracts to handle two types of digital currencies provided by the system for users to partake on. The GRET allow investors to hedge their funds and trade them for FIAT currency, while the GREM allow investors to handle their investment in the company’s fund manager dividends using a system much more familiar to the classic structure of REITs.
Components of the Ecosystem
Global REIT functions to appoint real estate properties and make fair distributions of the dividends generated by each property to every participant and investor related to them. The modules of the code that works to make this happen are the asset management module, the security module, and the transaction module. We are about to learn how each one of these components works inside the ecosystem to make the system work without any problems.
The process begins with registration. All users’ needs to voluntarily register their status with the platform as REIT participants: investors or property owners. The company will do their own background check following a series of “know your customers” procedures with a team of independent evaluators to check the origin of the funds being managed by the company. This type of examination while it may seem a bit excessive, it will also give a more solid backbone to the operation.
The Asset Management Module
After users are registered, this module is the one that handles all the relevant aspects related to the assets listed on the ecosystem. Users on the backend will manage to get a glimpse of all the features of a property thanks to the work done by this module: the original listing, the features of the property, the value, what niche dominates on the market trends and all the pertinent information that it’s available about the listing, either provided by the owner or found by other means. The module can also be used by backend users to handle a smart contract based on deals managed on GRET tokens after they decide to go for a specific deal regarding a property.
The Transaction Module
This is the module that will handle every programmed interface. Every single routine, protocol, and tool needed to make the platform function properly will take place at this stage. It’s also the place where every transaction will be validated in the real world with the backup of AMM and the CSM. This is the module that will harbor all the logical process required to keep the platform running, and it will also be I charge to execute every command offered by every single participant making a deal inside the ecosystem.
The Compliance and Security Module
This is the module that will grant security features on par with military grade technology so investors and asset owners can make their deals with no worries about data theft. The verification points for each transaction while extensive are meant to provide the type of security that is expected to avoid frauds of any kind.
The inner workings of Global REIT are taking the Blockchain to places never explored bit it before. To see where they are willing to go you can visit http://www.globalreit.io/.
It seems very ambitious and good project.. Global REIT... come up with a long-lasting solution that could cushion investors from real estate investment risks. The platform functions as a trust corporation that would claim ownership or provide finances to business entities and can be either publicly or privately owned.
You have not been there for a long time, so there were no great projects. I got acquainted with Global REIT. I can tell with confidence that this project is worthy of wide attention. First of all, it is very attractive in the real estate investment pool.
The development team had many interesting ideas and all their ideas they paid in this wonderful project. He has a couple of excellent features that distinguish him among a multitude of other investment projects that are related to real estate.
First of all, this project is based on block chain technology. The block chain provides the most innovative reliability and fast ruggedness. All your data and all your transactions will not go unnoticed. And this means that they are half-safe.
Secondly, it's the availability of your own tokens. The project has its own currency which you can exchange for services or use within the system. It's impressive. But the main thing is that holders of branded tokens will receive dividends! This is an innovative solution.
I recommend everyone to visit their site and make sure that this project is innovative and provides many possibilities!
Thank you @danizaharie
Global REIT company's plan will be effective for cryptos platform. Their security module, transaction module, asset management module is quite better than others company. Investors have a much interest to invest here as they will get huge profit.
You see talking about real estate, my country is one of the best to invest into . Nigeria’s real estate is growing very fast. Real estate is bae
I think I’m my opinion that Global REIT will have the biggest number of investors if introduced to Nigerians .
Now I see you checked the list.....
Global REIT has come with innovative solutions and ways to make real estate better and state of art infrastructure. The use of diversified ways for currencies is another good way to boost ecosystem of benefits generated and equally distributed among stake holders.
You have written magnificently about such a forward thinking company and have presented your research in a valuable compact way. Thank you for sharing.
Okay just took a look at their website. When I was reading your post I was wondering how long this could take to actually get a piece of land.
Their road map indicates four asset acquisitions in 2018 alone - three in UAE and one in UK. Assest are basically a couple of hotels, a residential building and a shopping mall.
I have to admit that this is first of it's kind blockchain tech that I have come across. I still have to read some technicalities for it but this could be a major deal.
What has me a little worried is the KYC procedure. Not really sure how much they need. I mean if I am willing to go through with it but what about the next guy? People are generally more cautious with personal info being taken - but then again this could also provide much needed legitimacy to a new startup.
I would have to look at it in more detail but I am already leaning towards taking a risk with a small amount of Pre ICO offerings.
I see the Global REIT as a constructive innovation for investors, real estate and property owners. I’ll love to know more so surely I’ll reasearch. Thank you for sharing
Blockchain technology is flying high with new innovations coming up each time. A sign that the globe is slowly adapting to a cashless free society.
With Global REIT, entrepreneurs have got a handy tool that will simplify the way they operate. Global REIT is making investment better in every way possible. It's a lot easier to buy and sell property without the need of much paper work now.
Interesting, I'll check this out more when I get a chance.
This is a great step to improve the current centralized holding of securities. The technology exists that we do not need to have a signal point of failure for who owns what.