I am very interested in this Fieldcoin project because it is interesting and we rarely encounter projects that have a concept similar to Fieldcoin, using the theme of buying and selling land using blockchain technology. good luck and hopefully a place for entrepreneurs and investors to invest.
Thanks Lamponk. In fact you are right. And Blockchain technology is very adaptable to land transactions and management. The Beta platform is in construction. We are confident that by the beginning of 2019 we may display already offers and eventually already start transactions.
dealing with real-estate properties is bit complex. still, there will be physical presence during negotiations. how about the legal papers? it's not possible to transfer it thru blockchain. we are still in the traditional method in this aspect. also, you need to follow the laws and regulations of that place towards land ownership. there is more than meets the eye here. just saying...
Let's clarify. Reality is much different from your perception. Usually people are biased to believe it is too difficult legally speaking. In a sense it is the case because there were no technology before enabling to bridge that gap. And that is exactly why we have built Fieldcoin project. We are also standardizing the legal processes. We consider it is not the fault of the people not to understand the legal environment of a specific sector. We are here for that. A part of what you say is true, the other part is false. All legal processes depends on each countries, yes. Let's take France for instance. What you stated above is incorrect. No physical presence is needed for locals or foreigners to acquire land. The french administration has implemented an internet based system simplifying the transaction process. Also, the paper work that is today largely digitalized, will be handled in back office by Fieldcoin, not by the user of the platform. The transfer will be done through a corporate equity system that will handle all administrative burden in respect with current legislation structures. And that is the case in many countries already. In some countries with more traditional procedures, there will be a need to adapt and have more manual procedures. However, for the user, it will be the same = Transaction and Management at distance. If for some legal reason the model does not fit a specific country (for example need to be on spot to sign the contract), and we wish to establish there, we will contact the public authorities and local lawyers to see how we can handle it or try to handle it through a holding overseas company. Though, we will focus 1st on countries that have a friendly legal environment. That is more than 50% of current countries... So yes it is possible to transfer through blockchain already. Often we forget that Blockchain is only a mean or a tool to achieve greater efficiency. Not an end. It cannot substitute itself over national legislations but it will indirectly transform or push for transformation of current society rules like the internet did 20 years from now.