Acre is intended to be a real (brick and mortar) business that will be founded once the ICO has completed. This means there will be a registered company number and company directors who are accountable to everyday running of the company and legal framework based on the country in which Acre will be founded. In this case Acre would be created in France and therefore abide by French law.
Depending on the success of the ICO it will allow Acre to take place. If there is enough btc to cover legal expenses and initial development then Acre will be founded. If there is not enough raised during the ICO we can attempt to launch it later on down the road. To protect the Rise team we will be taking full legal advice to make sure everything we do with Acre is 100% legal and not going to land anybody in trouble.
Acre will be a property development company that's sole purpose is to generate profit in the Real Estate sector.
Most of the work during the construction would be completely in house (for initial projects).
That's a very interesting idea - especially when tied with the Dapp functionality and the up-and-coming Internet of Things. Particularly in the area of economies, like power- and heat-saving, there's lots of scope for a Dapp-included cryptocurrency to aid and push forward the smart-house revolution.
I know there are already smart thermostats and such that lower the heat after everyone's gone to sleep. But imagine a smart thermostat, which (say) lowers the sleepy-time temperature to 15 degrees in a house where the sleeping areas have insulated doors with air-blockers to keep the heat in the rooms - and which can be overridden by paying some Rise. In a sense, the "house" is compensated for it being set to deliver "too much" heat relative to the norm.
The same thing could be done for electricity. Want to use the range stove instead of the microwave oven or a tabletop mini-oven ("toaster oven")? Then you "compensate the house" by sending some RISE and the "house" will enable the circuit that powers the full oven. Doing so will enable economizers to factor in electricity costs along with food costs to decide on appropriate budget meals.
And so on. If you guys can gather enough capital to build or buy/modify an "experimental house", and highlight the economies possible, you could have a real-world winner. And even if you don't, you could rent a "faller-downer" type of house that could serve as a platform for a new-model Smart House.