Introduction
For humans, finding the more natural way to get things done, while maintaining quality is cogent. Over the years, many technologies have evolved into channels that ease up tedious processes. This is the perfect illustration for smart contracts and blockchain technology. Smart contracts came as an automated way of solving problems through encoded rules that are fully or partially implemented.
The ezystayz platform is focused on real estate and its potentials. The platform utilizes blockchain technology as a means to solve the problems of the rental industry. However, understanding that the real estate sector has several branches that need attention is vital. This will help to remove the multidimensional plagues of the industry. Notably, smart contracts and their encoded mode of operation will seamlessly solve these problems.
Ezystayz smart contracts as a real estate problem solver
The ezystayz project has the Ethereum smart contracts and tokens at its core. This is set up to establish user trust in the system. Notably, the real estate sector has a lot the trust between vendors and purchasers due to continuous scam operations. The most common form of real estate scam being the rental scam. This involves the posting of falsified rental information on the website to defraud unsuspecting customers of their funds. Therefore, many users have become more sceptical about rental dealings. However, with the ezystayz adoption of smart contract, the days of scamming may be over.
The significant highlights of a blockchain protocol are its ability to store records, the seamless exchange of digital assets and the development of smart contracts. These features solve the immediate needs of the real estate economy.
The continuous processes that are established to create a trusted basis are immediately eliminated—making it very easy to rent facilities within a trust system.
Through smart contracts, various homeowners will possess digital identities. The digital identity will prove the extent of trust the homeowner has shown in previous rental transactions. Therefore, if you are new in an area, through digital identities, it becomes easy to locate the best facilities. Once it has been made clear that the property is available, both parties can assess each other’s digital identity and trust ratings.
How will ezystayz utilize smart contracts
As earlier established, ezystayz operates via the decentralized technology. The adoption of smart contracts will only be used to create the following.
To create a significant impact in transaction speed with real-time payment reflections. Smart contacts will automatically record transactions in immutable blocks.
Through smart contracts, the need to involve go-betweens is eradicated. Private parties can directly transact with each other without glitches.
Eliminate proof of payment paperwork by securing transaction details on the blockchain.
Smart contracts will enforce a reward system for a defined on-time. These participants are rewarded for transaction validation and network security.
Conclusion
Smart contracts have proven very pivotal since their inception in the Ethereum blockchain. This explains why the ezystayz platform has adopted the use of smart contracts to facilitate operations. The use of smart contracts within ezystayz will ensure the overall reduction of running cost.
The singular use of smart contracts eliminates the cost of record-keeping, compliance and intermediaries. Therefore, the end goal of revolutionizing real estate with full transparency and low cost is truly within reach.
USEFUL LINKS
Website: https://io.ezystayz.com/
Telegram: https://t.me/EzyStayzofficial
Youtube: https://www.youtube.com/channel/UCDvQOHa-9pwh_PEEsgjsFWQ/featured
Medium: https://medium.com/@ezystayz
Instagram: https://www.instagram.com/ezystayz/
Twitter: https://twitter.com/ezystayz2014
Facebook: https://www.facebook.com/EzyStayz-482400071941656/
AUTHOR'S DETAILS
Bitcointalk Username: chuksmy
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2635666