HOMT: how is blockchain technology utilized within the project

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Over the years, blockchain and its protocols have proven beneficial to many industries. Although the financial sector witnessed its merits first, many other industries have found a way to use decentralized technology to serve customers better. Notably, there are specific attributes that make up the uniqueness of blockchain. More so, it has served as a foundation for many technologies that are now widely used. These technologies include smart contract, decentralized autonomous organizations, amongst others.

HOMT is a blockchain-based project focused on solving the problems of student rental and accommodation. It is a platform that envisions to infuse the numerous qualities of blockchain in real estate and rent. It is a tokenized platform that puts purchasers first and ensures that there’s a maximum utility derived from funds.

How is blockchain utilized on the HOMT platform

Real estate and its transactions can be very sensitive. Therefore, attempting to digitize the processes requires a lot of planning. The HOMT platform will be driven by the digital implementation of real estate facilities. This is the perfect model of tokenizing properties.

The trend of the real estate sector and HOMT is futuristic. This will involve the liquidity of investments that are adequately documented for more development. However, this will majorly hinge on the proper incorporation of the blockchain technology in real estate.

HOMT will utilize the stable and decentralized features of blockchain to create tokenization of assets and recording of land title registries. This will help shape the real estate market for new investors. Notably, when there transparency that blockchain presents becomes evident, a higher number of parties becomes involved.

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HOMT market features summary

Asset creation

HOMT will model properties to become tokens. Therefore these accommodation facilities will become tokenized commodities with a specific value that is ranked within the system. This is different from the mode of operation of traditional tokens that simply act as a medium of payment or utility.

Utility services

Holding tokens come with certain network rewards within the HOMT project. All token holders are eligible to some utility services that are issued by the network as a record for their tokenized commodity. Therefore, as much as HOMT attempts to create affordable housing, it also ensures there’s a constant upgrade in the property condition.

Liquidity of assets

The blockchain technology protocol of HOMT allows for the quick sales and rent of housing at affordable rates. It will inspire a consistent trade of basic accommodation at reasonable prices by the liquidity of assets through tokenization.

Transaction transparency

HOMT network is blockchain-based; therefore, all transaction are deployed in immutable yet transparent blocks. This eliminates any bit of obscurity in sales; and also ensure that the project contributors seamlessly trust the network.

Trusted and Regulated

The HOMT project consists of real estate enthusiasts that understand the importance of trust and transparency. Therefore, every move by the HOMT token technology is focused on revolutionising universal asset management.

All-round inclusiveness

The real estate industry has been gradually monopolized to welcome only high investors. This has made it almost impossible to obtain rent for standard facilities housing with low investment. Through the tokenized model of blockchain, assets and business models with low investment levels can be welcome on board.

Highlights of blockchain technology in HOMT

Through smart contracts, third party network are disrupted. This will enable the seamless completion of transactions without the effect of intermediaries

The real estate industry has its powers within a small circle of people. Blockchain technology will help ensure the power of the HOMT is distributed within its member community.

The legal side of real estate has a lot of processes. In cases of dispute resolution, it could involve endless discussions. However, with blockchain, disputes can be settled with smart contracts.

With blockchain technology, HOMT can improve rental accommodation process and monitor facility conditions.

HOMT will utilize the decentralized system of blockchain to democratize student housing investments. This will be established by digitizing housing properties for student accommodation. HOMT will allow various investors to invest in these digital tokens.

This will allow various investors to purchase a significant amount of tokenized commodities:; and eliminate any form of monopoly within the system.

Also, cash flow is slow in the real estate industry. This is due to numerous investors hoarding their properties for the sake of upward price projection. However, through commodity tokenization of assets, cash flow can become rapid from rental services. The exchange of these digital tokens will boost the flow of network cash.

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Conclusion

The HOMT project is visionary. However, the use of blockchain technology is at the core of everything. It is the primary strategy that ensures all the problems as regards finances and industry legality are solved.

With HOMT token technology and its blockchain foundation, an international student can acquire standard facility housing at very affordable rates. This will go a long way in revolutionizing real estate and student accommodation.

USEFUL LINKS

Website: https://homt.net/

Whitepaper: https://homt.net/Whitepaper.pdf

Telegram: https://t.me/homtokenofficial

Twitter: https://twitter.com/homtoken

Facebook: https://www.facebook.com/homtoken/

Instagram: https://www.instagram.com/homtoken/

Youtube: https://www.youtube.com/channel/UCSB9YHUPVlJclwW3qow0NOw

Medium: https://medium.com/@homtoken

Linkedin: https://www.linkedin.com/company/homtoken/

Reddit: https://www.reddit.com/r/HOM_Token/

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