So far from what i understoodd in this project is that CPROP provide a services more like an escrow between buyers and sellers using the cprop platform right!
So as a blockchain-powered platform buyers of real estate property will have the confidence to transact while sellers too can be assured the amount of trust involved.
But how deos this process increase the revenue opportunities in regards to what is written in the website?
But i do think it CPROP would have a positive impact in the long run.
Thanks for the questions and comments.
Smart contract escrows are one important part of CPROPs solution, but they are just one of the reasons buyers and sellers are going to love us. CPROPs system provides unprecedented transparency into each step of the transaction so at any time, a buyer, seller, and agents can see whats been done, whats left, and whos holding up the deal.
One of the challenges facing property portals - highly dependent on advertising - is how to diversify their revenue streams. The answer: getting closer to the transaction. The problem, however, is that property portals arent in the transaction business. As we all know, changing the business youre in isnt fast or easy. Well, fortunately for property portals, CPROP does exactly what portals need and we do it well.
CPROPs transaction management system seamlessly integrates into portals, so after a buyer finds her dream house on a portal, she doesnt go away. Conversely, she stays in the portals system (powered by CPROPs technology) and as the buyer moves through the transaction, multiple revenue opportunities (previously unavailable to portals) will occur. For example, smart contract escrow fees, membership fees to agents to use the system to process transactions, blockchain authentication, data archival and retrieval, etc.
Hope this helps answer your question. Cheers.
Thank you for this information. I am also looking for an answer regarding the project. I understand now what CPROP is really trying to solve a problem.