Blockchain-Based Platform Opens A New Horizon for Real Estate Investors

BitRent is a large-scale blockchain based platform, founded especially to attract investments in development of projects through cryptocurrency.

Bitcoin is a form of electronic money, often managed by a blockchain. A blockchain is a public ledger that records bitcoin transactions and protects them. Blockchains are saved by design and therefore interesting for investors. When blockchains of multiple companies are linked, an hyperledger can be formed.

BitRent uses the RFID technology, coupled with other software, to track and share the progress of a building project and other valuable information with their participants. RFID stands for Radio-Frequency IDentification. This technology is comparable to using a barcode on products: all unique information of a product can be collected by scanning is. Instead of barcodes, the RFID technology uses tags on products with electronically stored information, which can be detected with electromagnetic fields.

BitRent has an ultimate goal, which is the development of a smart contract to land reliable investment deals. To produce the best output and increase the productivity, a collaboration with the leading industry movers is necessary, according to a spokesman of BitRent. In the growing bitcoin industry of nowadays, an hyperledger platform is a necessity. BitRent propose to bring together the opportunities of investing in one of the most rewarding aspects of the real estate industry with the rising power of bitcoin. For investors, this might provide a second means to secure profits.
Contact
BitRent has a website, www.bitrent.io, where you can read more about the company. Furthermore, if you have more questions or inquiries, the platform can be reached via chat on their telegram channel https://t.me/bitrent.