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As we move into the era of Web3, the real estate industry is poised for a technological transformation. Integrating blockchain technology into the legal and financial processes of property ownership and trading can potentially revolutionise the industry. With its open ledger system, blockchain technology can improve real estate transactions’ efficiency, transparency, and security. However, the integration of blockchain and real estate still faces several challenges. These include property search, ownership issues, data management, and transaction security. This article will explore the challenges of integrating blockchain technology into the real estate industry and how KODO assets address these issues to drive innovation and progress.
KODO Solution: A Promising Approach to Real Estate and Blockchain Integration
Implementing blockchain technology in the real estate sector can transform how transactions are carried out. Nonetheless, this integration poses various obstacles that must be surmounted to achieve a smooth amalgamation of the two industries. Fortunately, KODO Assets has emerged as a viable solution to these challenges. The company offers a platform that harnesses the potency of blockchain technology to expedite secure and efficient real estate transactions. The following are the hurdles addressed by KODO Assets, paving the way for the integration of blockchain and real estate.
The entire property search process is a labyrinthine maze of confusion and frustration. It all starts with the daunting task of finding the perfect property, which can be challenging. Many US homebuyers rely on online websites to scour the real estate market for their dream home. However, these websites are plagued with a plethora of problems. Inaccurate, outdated, and incomplete property information are just some issues. Data fragmentation across multiple listing platforms only adds to the confusion.
But fear not as KODO Assets has the potential to revolutionise the property search process by utilising cutting-edge blockchain technology. Instead of redundantly listing property information across multiple platforms, KODO Assets intends to list their authentic properties in São Paulo, Brazil, and other places in the world in the blockchain database once and for all, which is irreversible and unalterable.
Another challenge in real estate transaction process is that it is rife with commissions and additional fees. The middlemen involved, including brokers, real estate agents, bankers, and lawyers, are the primary beneficiaries of these transactions. And the faster the deal needs to be closed, the more money these intermediaries stand to make. But with KODO Assets, all of this is set to change. Thanks to direct communication with the company and a comprehensive paperwork guide, buyers can avoid intermediaries altogether and save substantial money without taking risks. The savings can be significant, as realtors charge an average of 6% for every deal. So, if you bought a $100,000 property, you could save an extra $6000 on realtor services.
Exploring Polygon: Why KODO Assets are Built on This Scalable Network
Over the years, Ethereum has made significant advances in crypto, such as decentralised applications (DApps) and smart contracts. However, the platform faces several challenges, including high transaction fees, low throughput, and limited developer options. KODO Assets chose Polygon to resolve these issues and provide a scalable blockchain network.
The Polygon scaling solution is based on Ethereum blockchain networks. It uses a parallel blockchain (sidechain) to solve several problems the Ethereum network faces. This enables developers to create user-friendly, scalable, and secure DApps. All KODO platform tokens are issued on the Polygon Network. The quick, inexpensive, and secure transactions offered by the Polygon sidechains enable KODO Assets to provide a reliable and efficient platform for real estate transactions.
KODO Assets values customer satisfaction and aims to provide a positive experience. They created a public sidechain to allow a wide range of people to participate in real estate transactions. Utilizing the Polygon blockchain, KODO Assets is well-positioned to offer a reliable, secure, and efficient platform for real estate transactions.
Why do KODO Assets Prioritise KYC/AML Requirements?
The tokenisation of real estate assets holds great potential but presents complex legal and regulatory challenges. As with any financial transaction involving large sums of money, KYC and AML requirements are essential to ensure the safety and security of real estate transactions. These measures help prevent money laundering and other illicit activities by verifying the parties’ identities and the legitimacy of the source of funds.
The trading of real estate tokens is considered securities, so securities laws and regulations must be followed. Unlike regulations governing utility tokens, securities laws are well-established, and violations can result in serious fines or criminal convictions. Therefore, navigating these regulations carefully and thoroughly is critical to ensure compliance.
Given the well-established attractiveness of digital transactions to criminals for money laundering, KODO Assets must institute robust KYC processes to prevent exploitation by bad actors. Failure to do so may result in severe sanctioning from regulatory authorities, which could jeopardise the reputation and success of the company. Therefore, KODO Assets must prioritise these processes to maintain the integrity and security of their network and transactions.
How are KODO Assets Revolutionising the Real Estate Industry?
KODO Assets is making waves in the real estate industry by providing a revolutionary investment opportunity that is both lucrative and compliant with regulations. With a focus on tokenisation, KODO Assets enables investors to participate in the real estate market with ease and efficiency. By leveraging the power of blockchain technology, KODO Assets provides a secure and transparent platform that allows investors to invest in real estate assets without the traditional barriers to entry.
Data reveals that KODO Assets invests in properties that have a US$ 1.5 T Real Estate appreciation in 2022 (USD), with a 5.7% profitability index in São Paulo and a 15% real estate appreciation in Brazil. Additionally, the Faria Lima neighbourhood boasts an impressive 94% occupancy rate, making it an attractive location for real estate investment. With these impressive statistics, it is clear that KODO Assets is an excellent platform for real estate investment.
Conclusion
Experience the real estate revolution with KODO Assets. Investing in this lucrative market is now easier than ever, thanks to KODO. With the flexibility to start small, with just one token worth $140, anyone can own real estate. Hence, join KODO Assets and start investing in real estate today. Discover endless opp
Hopefully, you have enjoyed today’s article. Thanks for reading! Have a fantastic day! Live from the Platinum Crypto Trading Floor.
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