Digitization and Tokenization of Student Rental Marketplace.
As a student, securing admission to a good school is one thing, but securing a good accommodation has always been a headache to most students due to relocation problems. Most of these schools are usually located far from their homes, especially for the international students in a foreign society. The stress in securing a very good accommodation has been one of the major reasons that discourage a lot of them from continuing furthering their studies as most of the schools rarely provide in-house accommodations for their students.
The accommodation and housing problem for international and exchange students in Europe has been very “scary” in a lot of reports and researchers have found key issues that surround it and they include
- Lack of awareness between students and key stakeholders
- Inefficient collaboration between shareholders
- Students being vulnerable to scams and discrimination
- Affordability and Financial difficulties
- Shortage of housing
- Tough accommodation search and rental process due to cultural and linguistic barriers**
Aisha moved from Africa to the Netherlands, a country with a very high population of international students and a very rising housing shortage is causing protests.
“Before I could finally settle down and get an appropriate accommodation, I have been effortlessly searching and spending my few weeks of the semester squatting with some strangers. There is a lot of stories about students quitting school after months of flat hunting. I've finally settled settled in now but I wish I had known more before coming,” she said
Another report has aligned with such comments and it suggested that accommodation related issues is one of the major problems that affects students' mental health and their academic performance. Having a little knowledge of what lies ahead, many students come with little or no cultural or practical preparation
This is where the platform called HOMT LTD comes into play and brings about a revolutionary change to the lives of the students.
WHAT IS HOMT?
Home Ownership Token (HOMT) is a platform that creates an accessible marketplace where students can easily rent properties at suitable and affordable rates from any part of the world using their smart devices Ina few clicks. This platform is so unique in the sense that it uses the power of the blockchain technology to digitize real estate properties while ensuring that the students have access to a lot of other utility features.
The HOMT Platform is built on the ethereum blockchain technology that uses the ERC-20 protocol that makes use of the HOM tokens for all its internalized transactions, thereby improving productivity.
Advantages of the HOMT platform over other similar platforms
- With the HOMT platform, students can secure an accommodation from any part of the world within a few clicks.
- For international students, it will be easy to bypass the cultural, language barrier and also currency exchange problems as the platform makes use of the HOM token.
- Students will be able to afford accommodation without the use of middle men thereby avoiding hidden charges and unnecessary costs through the use of smart contracts.
- Leasing a room will be far much easier and they will have a wide range of selection due to the dedicated marketplace on the platform.
- There is no incidence of scam or fraudulent activity due to the use of the blockchain technology that's very secured and cannot be tampered with.
- It also offers a very flexible monthly payment of rentals and discounts on renting accommodations.
- For property owners, it allows for easy listing of their properties without the interference of middlemen, easy transfer of properties for leasing and allows for seamless dispute resolution by the smart contracts with no legal problems.
The HOM Token
This is the ERC-20 tokens based on the ethereum protocol and is used for all internalized transactions on the platform. It is the digital currency used by students to acquire properties from property owners thereby preventing cultural and currency differences. This will also ensure a timely payment of rentals and also give access to other utility services provided by the platform.
The HOM token is currently listed on Coinmarketcap and trading on the Probit exchange.
For more information on the HOM Token and it's markets, visit the link below.
https://coinmarketcap.com/currencies/homt/markets
How to access the HOMT Platform Marketplace
The platform is still currently in development, but from its current business model, it showed that it can be accessed through the website www.studentsrental.net and a dedicated mobile app that will enable students to be able to register, search and select suitable accommodation after getting admission into the school. Properties acquired by the HOMT LTD and other 3rd party vendors will be displayed accordingly as well as their benefits and utilities for students to have a wide range of selection.
Final Thoughts; will HOMT platform ever be enough for the students?
Yes!! with the HOMT platform, students will have no need ever having to worry about accommodation problems when securing admission to schools far from home. With the use of smart devices,a few clicks and the blockchain technology, they can secure accommodation from any part of the world. They will have access to discounts and timely payments of rentals with the use of the HOM Token with no fear of fraudulent activities and pricey fees from middlemen. So I'd recommend students and property owners to make use of this platform upon its launch to enjoy all its benefits and advantages.
For more information on the HOMT platform and it's proposed timeline, visit any of the following links below.
Website
Whitepaper
Telegram
Twitter
Facebook
Linkedin
Youtube
Medium
Instagram
Reddit
AUTHORS DETAILS
Bitcointalk username- hamzeto
Bitcointalk Profile link- https://bitcointalk.org/index.php?action=profile;u=1189991
POA: https://bitcointalk.org/index.php?topic=5250951.msg54941062#msg54941062