Commercial Property Tokenizing With Smart Contracts

Abstract

Trading commercial property currently involves several middlemen who are extra time-consuming and cost-consuming elements in a transaction. With recent blockchain-based smart contract innovations, it is possible to use distributed applications (Dapps) for disintermediating third parties and enabling direct peer-to-peer (P2P) transactions. The blockchain serves as an immutable, event-recording ledger that facilitates trust-less P2P transactions. The Evareium system is a distributed application for enabling blockchain-based commercial-property trades that make middlemen superfluous and consequently, investors benefit from cost reductions, faster transaction times, greater transparency and reduced regulatory burdens. As a consequence of the Evareium system, investors and other stake-holders are able to avail a direct interface with the creation and dissemination of optimal financial gains from such investments without interdiction. The corresponding Evareium token is structured for governing platform-related incentives. The Evareium token is also intended for Internet-of-Things (IoT) based hotelmanagement services such as controlling hotel-room blindfolds, A/C, smart keys, checkin, spa, restaurant, room service, and so on.