Building an Open-Source Real World Asset (RWA) Transaction Platform for Real Estate

[huihzhao]

Main Objectives/Goals

• Enhance Transparency: Develop a platform that reduces the risk of corruption and fraud by providing transparent and traceable transaction histories accessible to all stakeholders.
• Increase Efficiency: Streamline the real estate transaction process, reducing the time and cost involved in buying, selling, and transferring property.
• Support Innovative Ownership Models: Enable fractional ownership, programmable property rights, and other innovative ownership models to make real estate more accessible.

  Challenge Description

  The core of the platform should be built on BNBChain network to ensure secure, tamper-proof records of all property transactions. By digitizing property rights, the platform will provide an immutable record of ownership that is accessible and verifiable by all relevant parties, including buyers, sellers, agents, and legal professionals. This digitization will also reduce the potential for fraud and streamline the title verification process. Transparency is a key goal, achieved by recording every transaction on the blockchain, which is publicly accessible and traceable. This level of transparency helps build trust among users and reduces the risk of corruption, as all actions are visible and cannot be altered retroactively.

[entin-hun]

Hi, our NFT-based open traceability system can perfectly support this use case. It's currently on Gnosis Chain, but if we receive such support (that's why I'm here), it can be extended to Binance Smart Chain as well.

[boruttkal]

Hi @huihzhao , we have grant proposal ready for the app. How can we discuss this?

[TetianaDAOsign]

Hi @huihzhao,

Hope you're doing well. We believe we have a great product for BNB to solve this issue. We have already submitted our proposal through your website. Is it possible to schedule a call with your team to demo our solution? We would greatly appreciate this opportunity!

Thank you.