Project Dominium. Principle of operation

If you place all possible information about the real estate object and its management functions on the blockchain, then we will get a completely new and unique tool that will allow us to simplify all the routine processes in this area to a minimum. And imagine that all the standardized legal documentation we also put on the platform! And all this is translated into several languages and standardized under the legal framework in these key and large countries!

Dominium offers two platforms for real estate. The first of them will specialize directly on investment. For example, there is a certain decentralized exchange of assets, access to which is received by potential investors. Direct communication between the seller and the investor is achieved through smart contracts and makes transactions absolutely safe and without the participation of third parties. Naturally, for such transactions, complete identification of the person is also necessary in order not to violate the existing legal rules and laws of individual countries. At the same time, the platform should own the legislative base of all the countries in which it is represented. And yet adapt, if suddenly the legislative acts will change. In general, you should always keep your hand on the pulse and react to any changes.

The second platform will be responsible for managing its property. Real estate managers, tenants, agents and property managers will be able to record information on the blockchain. As a result, we receive a single transparent and unchangeable register of all real estate objects registered on the platform. And registered in detail, and from all sides.

Full transparency before market participants and tenants, makes this tool, based on blockchain technology irreplaceable. In fact, now every aspect related to the rental of property will be more smooth, quick and progressive.

Principle of operation:

In order to comply with all the legal details that are necessary to work in the real estate market, the Dominium project includes mandatory procedures in its platforms, such as know-yourcustomer (KYC) and anti-money laundering (AML).

In fact, all participants and customers of the Dominium system are required to register on the platform and go through the verification of the identity there. The verification process has three levels of trust and requires: a mail address, a phone number, a document confirming the identity of the account holder, confirmation of the address of residence (for example, utility bills or bank statements), identification number that is assigned by the tax service, an extract from the bank with the data of the account holder, self-certification with the status of HNW or the status of the investor.

Companies can also create assets of tokens (or securities) on the platform. Platform users check these companies for several factors, which may vary slightly depending on the country of registration.

Information for verification usually includes: