McAfee is involved in strategic cooperation and i-house.com uses blockchain to integrate the global real estate marketplace

Reporter: pencil boxn

Bitcoin prices continue to go all the way, one of its derivatives is one of the legendary figures in the IT era, once the “antivirus software godfather” John McAfee’s predicate image more credible. With the bitcoin price step by step to break through the $ 10,000 mark, on November 29, McAfee further revised its famous prediction on Twitter:n
n”When I expect bitcoin to rise to $ 500,000 in 2020, it’s based on a Bitcoin model that rose to $ 5,000 by the end of 2017. Bitcoin is up faster than my model predicts and I now expect Bitcoin to be in 2020 The year rose to $ 1 million, and if I was wrong, I still ate my.n
nIn addition to the usual language is not alarming, the billionaire has long been widely involved in the blockchain industry. One of its latest decisions is a deep strategic partnership with i-house.com, a global platform for real estate blockchain deals.n
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Global asset allocation and overseas real estate investment pain pointsn
Lift i-house.com, let’s take a look at a broader industry background.n
With the rapid development and accumulation of China’s economy over the past decades, ordinary people are also gaining more wealth while increasing the demand for more diversified assets. As a result, the concept of global asset allocation is increasingly aroused the public concern, the threshold of its participation is also from the ultra-high net worth of people to lower middle-income crowd. Among them, the investment in overseas real estate market is one of the most important ways of global asset allocation.n
According to DTZ’s 2016 Report on China’s Outbound Investment, China’s overseas commercial real estate investment in 2016 totaled US $ 38.3 billion, an increase of 49% over 2015. Although this figure has been plunged in 2017 due to many factors, it is doubtless that investors are cautious and wait-and-see attitude has been raised under the current restrictive policies at this stage. However, Suppressed foreign investment demand is still rising.n
Indeed, compared with other overseas investment approaches, the threshold and risk of real estate investment are relatively low, and there are no professional requirements for investors. In the meantime, among the wealth of Chinese families, nearly 80% of RMB assets belong to real estate, and the acceptance of real estate investment is relatively high.n
However, overseas real estate investment is not without its attention. The total value of real estate is relatively expensive. However, exotic markets, exchange rates, interest rates and legal aspects of foreign countries inevitably have considerable risk; the transaction is long and prolonged; information asymmetry and even lack of credibility are all possible traps. According to the ” First Financial “report, some agencies in the sale of housing when the mainland customers have an independent quotation, the premium rate as high as 100%.n
At a higher level, overseas residential investments are also subject to possible policy restrictions for individual investors. For example, several popular cities in Canada and New Zealand have or are planning to limit the purchase of non-permanent residents.n
In the same way, overseas developers also face corresponding challenges. Real estate development is often difficult to finance, payment is very slow, the transfer of property rights often involve too many departments with unclear powers, not to mention the low real estate has always been its main weakness.n
So what method can solve the above problems? Blockchain technology may be an advantageous solution.n
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Blockchain technology and real estaten
Undoubtedly, the technology of the blockchain can be traced back, can not be tampered with and is transparent. It is very suitable for real estate applications.n
In essence, at the government level, many countries have begun testing the use of blockchain technology in the registration of land and property rights. Georgia, Sweden, Ukraine, Brazil, Russia, India and other countries have carried out or are planning to carry out the relevant tests. Traditional land registration is expensive and inefficient, in contrast, blockchain technology can be the basis for reliable, inexpensive and efficient land registration.n
In the real estate transaction area, the blockchain will also play an important role. Forbes Real Estate Commission recently that the block chain will be from many aspects to promote the real estate market. These include: accelerating the transaction process; improving transparency; securing online data storage; increasing cost-effectiveness with trust; disclosing important information and more.n
In short, the blockchain can make the complex process of real estate transactions transparent, increase the trust of all parties and reduce bureaucracy. The existence of a smart contract guarantees that all the necessary steps have been taken before the transfer of money begins, and the money is released from the custody or repayed to the bank, the ownership will be transferred.n
The distributed nature of the blockchain will allow any party in the transaction to no longer rely on a single source of information, increase the trust of all parties, reduce costs and accelerate transactions.n
In addition, tokens of expensive real estate with local policies and laws permitting will make it easier to split the ownership of real estate, increase liquidity and involve more buyers in the proceeds.n
According to “2016 Global Real Estate Transaction Trends” released by the Pacific Davis Research, the global real estate value is close to USD2.17 trillion, equivalent to about 2.7 times of the global GDP. Accounting for 60% of the world’s mainstream assets, which is 36 times the global gold mining value (6 trillion). This means that real estate is the most important way of saving and investing for countries, businesses and individuals around the world. The introduction of blockchain technology will enable this already huge market to further its potential and even affect the global economy.n
Of course, the principle is perfect, but in part because of the professionalism and complexity of the real estate market and transactions, we have seen little in the area of ​​real estate transactions so far compared with the booms in finance, digital rights, supply chains and others More heavyweight blockchain startups, but i-house.com, which attracted the attention of MaCfee, is expected to break the status quo.n
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i-house.com and IHTn
i-house.com project team said they want to block the global real estate transaction market through the blockchain mechanism. By linking the blockchain mechanism with real estate, real estate developers and financial institutions and their users are connected to integrate real estate transactions into the global “digital credit society” layout and to play an important supporting role for real estate transactions in economic development. All real estate owners and investors benefit from i-house.com real estate blockchain.n
Specifically, i-house.com achieves these goals through its IHT technology, developed on the blockbuster Ethereum blockchain. Use the blockchain itself to trust mechanisms, tamper-proof, transparent information, a total of regulatory and traceability and other advantages. i-house.com Divide and distribute large real estate to financial institutions through IHT smart contracts, giving users the opportunity to invest in small amounts and benefit from real estate. And protect the safety and low risk of investment.n

IHT draws on traditional real estate investment tools, such as REITs, which enable asset holders to quickly trade ownership and proceeds of real estate assets through third-party pre-audit, wind control, and asset package revaluation. Through this process, you can demonstrate the following advantages. First, to make real estate investment small, movable and transparent. Second, high transactional convenience. Third, the information is transparent.n

It should be pointed out that all the assets of ihouse.com are working with licensed financial institutions to ensure compliance with applicable laws and regulations. This is one of the most important advantages and guarantees for the project.n
According to the team introduction, from the current situation of commercial development, both real estate and financial institutions have shown great enthusiasm for i-house.com and IHT. For i-house.com, which is based on the global real estate industry, it plans to cover assets in the United States, Australia, and Europe from 2018 to 2019. Assets worth more than $ 50 billion by 2020 are to be blockchain and will be available for sale by then.n
In fact, this project still has a broader vision. i-house.com revealed that in the future IHT blueprint, all assets with exchangeable value, other than global real estate, will also be included in the IHT blockchain. For example, aircraft leasing, artwork, antiques, value bonds and more.n
Then i -house.com, which attracted McAfee as a deep strategic partner, can really bring blockchain technology into the global real estate market, thus enabling the industry to enjoy the changes and enhancements brought by the blockchain technology. We may wish to continue Observed.n
Further details of the project can add i-house.com WeChat understanding: suhong627068n

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