Jalan Sukses: BrikBit: Blockchain Based Platform for all Real Estate Operations

The blockchain is already revolutionizing the digital currency landscape. A few years ago, a decentralized currency was unthinkable — how volatile would it be when not backed by a government? However, with the success of cryptocurrencies like Bitcoin that are supported by the blockchain, people are realizing that it could have far more uses than expected — and the next landscape blockchain has the ability to disrupt is real estate.

Buyers, sellers, and renters of real estate are experimenting with blockchain technology to trim burdensome middlemen from the industry. Precious few real estate transactions proceed directly from provider to client. There are typically notaries, agents, lawyers, banks, trusts, and more in the mix. Even relatively simple issues, like renting parking spaces or charging for utility use, involve intermediaries. With everybody targeting improvement within the different areas, the real-estate world has sought the technology to enable the removable of intermediaries, and most of all tackle the typical challenges of the real estate supply chain issues.

Fortunately, the BrikBit venture plans to globalize and digitize real-estate services by using blockchain technology to establish a real value of the properties. As BrikBit will get to see the blockchain venture will create an interactive platform for the property players such as architects, advisors, and owners to interact and gain an economic advantage. The best part is that all these will work under a decentralized structure, with no predominant role from an intermediary. Here how BrikBit plans to directly deliver the real estate industry to the most basic of operations and productivity.

What Is BrikBit?

BrikBit is a blockchain-based ecosystem that develops and manages entire operations for the Real Estate industry. This is the first of its kind ecosystem, created for this purpose. Thanks to this development, all shareholders who participate in the management of Real Estate project have open access to automation of all processes in this platform.

BrikBit will work under a Delegate Proof of Stake protocol. It will allow for each real estate project to have its own blockchain (BrikBit side-chain) from the legacy LISK chain to facilitate new features and rules for its platform. Each side-chain will be able to have its own independent token. Each real estate project will be represented by Real Estate Digital Asset (REDA). Ideally BrikBit is the project and the infrastructural development of a city to be built in the future. Lisk is the ground where the city will arise, REDA are the future buildings.

Within the BrikBit ecosystem all shareholders involved in the Real Estate projects will be able to use the potentiality of blockchain technology to automate, dis-intermediate and make more transparent both typical and implicit processes during all steps of a Real Estate enterprise such as fund collection, design, creation and management.

BrikBit Features

REDA

The Real Estate Digital asset protocol allows for an interface between the BrikBit platform and the real property. Each of these portals will allow for a unique real estate project to undertake tokenization through the transferable and univocal REDA token.

RE-DApps

The real estate decentralized applications enable the management of information and property within the real estate processes. The app also further allows for the creation of a framework to identify the value of the REDA token

Utility Token

BRIK is the platform main utility currency and will allow for access to the platform's services, which features spending as well as the implementation of the smart contracts.

BrikBit Potential Benefits

By using blockchain in the Real Estate Digital Asset (REDA) Network, BrikBit can be delivering several benefits as described:

Ensure real-time transactions hence reduced clearance time, risks and friction with buyers
No external influences to amend the transactions
There is no risk of fraud, abuse or manipulation of the sales
BrikBit will also reduce the intermediaries within property transactions and decrease acquisition cost.

BrikBit Token (BRIK)

The team is issuing an ERC20 BRIK token that will be required to register and access the platform. BRIKs will also be used to pay the transaction fees necessary for the exchange of information and all type of transaction. BRIK will be a utility coin also for its technological function for the maintenance of the consensus in the BrikBit Blockchain.

The BRIK token will have a maximum supply distribution of 100 million tokens with 75 million available for sale. The start date of the campaign is 18 October 2018 and the end date is 30 November 2018. During the crowdfunding, the price for 1 token will be 1 BRIK = 0.002 ETH. The team is trying to raise 3,000 ETH for a Softcap and of 24,000 ETH for a Hard cap.

ICO Information

Token Symbol: BRIK
Standard: ERC20
Total Supply: 100 million
Total for Sale: 75 million
Price: 1 BRIK = 0.002 ETH
Minimum Purchase amount: 0.2 ETH
Soft Cap: 3,000 ETH
Hard Cap: 24,000 ETH
Country Jurisdiction: Switzerland

Token Distribution