Quote from: GodfatherofAlts on May 24, 2019, 11:34:53 AM

Everyone that has a couple of minutes -> https://bitcoinexchangeguide.com/elements-estates-eles-token-blockchain-real-estate-project-set-to-disrupt-property-ecosystem/

Elements Estates (ELES Token): Blockchain Real Estate Project Set to Disrupt Property Ecosystem

Blockchain has the potential to transform the real estate industry because of its various applications. For example, startups are developing smart contracts that can complete sales, escrows, and property records autonomously. The Blockchain validates smart contracts. Similar to a Bitcoin transaction, a consensus of nodes ensures smart contracts are executed according to specified terms.

In the context of real estate, a smart contract could be used to make a conditional offer to purchase a house. It can be programmed to hold a buyers deposit until some specified sale conditions are met, at which point it releases the funds to the seller. If the conditions are not met, the smart contract returns the funds to the buyer. Blockchain technology and smart contracts can also record the title or deed and send it to the appropriate public records.

Until now, real estate lawyers or notaries have done these holding and verification functions. Smart contracts can now do them autonomously without the need for mediators.

Elements Estates (ELES) is targeting a particular section of the real estate market know as distressed assets. Distressed assets are assets that are up for sale, sometimes at a low price, by a bank for reasons including bankruptcy or failure to pay a mortgage. In these situations, a loan or mortgage is no longer profitable to the financial institution seizes control of collateral assets.

The complexity of buying distressed properties from banks means they are largely accessible only to large-scale institutional and wealthy private investors. They plan to disrupt this model by creating a hybrid real estate agency and quasi-AirBnB that sells and rents distressed properties. Unlike Airbnb, however, ELES is not based on the sharing economy concept.

It intends to buy distressed properties via a private corporate fund. The Elements Estates online platform will then sell and rent them out using cryptocurrencies.

and so on

One other thing. Will you post your touristic real estates on other platforms also like booking or airbnb for people to find them?