One of the greatest and most lucrative form of business is the ownership of assets, assets can come in different forms like real estates, land resources, gold mines etc. The real estate is a booming and one of the most commonest form of doing business that involves assets. Real estates take shape in the form of physical buildings, mansions and big estates etc. The contemporary procedures and processes used in undertaking real estate businesses is highly cumbersome, centralized and involves lots of paperwork agreements. Real estate business is a form of business that is highly prone to all manner of fraudulent activities and scams hence the need to embark on series of some herculean tasks/processes before cementing a real estate deal. All these difficult processes associated with real estate scare away potential investors from investing in real estate businesses because no one would want to get involved in all these heavy business procedures that may cost him huge sums of money, and might even stand the risk of loosing his investment resources to the evil hands of fraudsters who take advantage of the centralized nature of real estate processes to perpetrate their unwholesome acts. Inter-border real estate transactions suffer a lot of setbacks as a result of the modus operandi of the present procedures in handling real estate businesses.
Light at the End of the Tunnel……
The blockchain technology is around the corner to displace the centralized form of undertaking businesses processes with its decentralized and distributed form of handling transactions on a secured, permanent and transparent ledger of records.
What is EDC coin/token?
The EDC coin / token is a digital asset that is created on the EDC blockchain in order to transfer real or physical assets into its digital equivalent which could be traded or transferred as well as being monetized. Digital tokens or coins makes it very much possible and easy to carry out transactions on physical asset over the ever transparent and secured blockchain technology.
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The EDC token / coin will aid real estate business owners to make their business more flexible, attractive and open up more opportunities for investors to invest in their real estate business. Real estate business owners can comfortably make a transition from their former centralized ways of doing their business to a more effective and decentralized form of handling business transactions over the blockchain technology. EDC token enables business owners or investors to have access to digital asset. In order words, those physical properties or resources that constitutes physical assets in real estate business could be transformed into digital assets or tokens…that is to say that EDC token or coin enables the tokenization of any business economy, especially the business world of real estate.
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Using EDC token as a digital asset to represent the physical assets in real estate business, has the capacity to remove all the bottlenecks encountered while trading with physical assets in real estate. Digital asset tokens on the blockchain technology do not require any form of third party or paper works during the course of transfer or trade, rather its operations are governed by a smart contract i.e a self-executing computer code, which sees to the latter that all the conditions needed for the transfer or trade of the digital asset token is fulfilled before any exchange or transfer of the digital token takes place.
The use of EDC digital token / coin in real estate business will facilitate the speed and increase the performance involved in handling of real estate transactions.
The EDC blockchain on which the EDC token is created is built using the bitshare 2.0 graphene blockchain technology which ensures that 100, 000 transactions per second are achieved. With this 100, 000 transactions per second capacity of the EDC blockchain, numerous tokens could be created within the best shortest possible time which translates to faster and quicker digital token based real estate transactions. Therefore real estate investors would be glad that processes which usually take them hours if not days and weeks to conclude while using the centralized form of real estate business procedures could be carried out securely and efficiently through the EDC token.
For more information here are some links:
Website
https://blockchain.mn/
Telegram
https://t.me/EDCBlockchain
LinkedIn
https://www.linkedin.com/company/EDCBlockchain
Writer's bitcointalk profile link
https://bitcointalk.org/index.php?action=profile;u=2047938;sa=summary