INTRO is a platform where every contractor, investor, home buyer or agent can participate in developing real estate plans. INTRO was initially initiated by the Gosstroy IT Division, a large real estate company based in Russia. The main objective is to secure and protect the investments of investors and buyers and also to ensure transparency in the global off-plan market.

INTRO is a BI system or referred to as" Business Intelligence "for off-plan development participants - builders, investors, home buyers, banks and other agents. Currently, INTRO IT products provide access to advanced market analytics for industry professionals as well as for home buyers Personally, it is hoped that this will make it easier for prospective buyers to get a home according to their wishes more easily.

Registration under the object of construction and investor contracts will be stored on the blockchain system, which in turn receives data from official state sources. In the Blockchain system, this will become more transparent, because all transaction systems will be recorded without data manipulation, and also with the blockchain system personal data will not be displayed.

This allows effective market analysis without violating the owner's rights to the protection of personal data. INTRO system users will be able to find the most attractive off-plan properties in dozens of countries and invest in ongoing construction under a smart contract.

Blockchain ensures the reliability of information about development plans and transaction security while avoiding intermediation costs by real estate brokers, lawyers, or profiteers. With a smart contract, this allows users to save up to 30% on property investment.

Problem

INTRO has briefly explained the problem they want to solve with their extraordinary product. Below are the issues they have identified in their whitepaper:

There is no integrated list in construction property.
Data on off-plan property offers in-state registration that is still not well structured.
There is no list of apartments, land for parking lots and commercial property under construction.
There is no good and correct control mechanism for the stages of off-plan construction.
Off-plan investors do not have access to reports to see the development of investments that affect their interests.
Developers often experience cash flow gaps during the construction cycle.

The problems of numbers 1, 2, 3 & 5 are significant problems for investors were with fewer resources because they will not realize or cannot invest in property that they also do not have access to or rather they may not want to take risks that are not necessary due to lack of accurate information.

This information asymmetry generally results in many property investors who only invest in properties close to their local areas, where they can have transparent income documents or properties that have high reputable developers.

The problem of information asymmetry is one of the issues that makes me interesting because if INTRO can remove this problem for their customers, they will have significant market benefits because more and more international investors will be willing to buy property through their services.

In point number 4, lay people refer to the problem where there is no easy way to manage the amount of investment given to the developer. This is a serious problem, why is that? This is because if the developer runs out of funds provided by investors before completing their construction either due to negligence or incompetence, investors will need to provide more funds that reduce the potential for returns or ignore the project altogether. Investors are aware of this risk, and this is why some property investment opportunities that are a potentially profitable area too high risk if the reputation of the developer is still questionable.

Solution Made by INTRO

Fortunately, INTRO has put their solution to the problem just below the problem listed in their white book. Below are the solutions to the problems they have identified in their whitepapers:

Their system includes a dynamic database of off-plan properties.
Automatic linguistic analysis is used for data tokenisation. Then the property ownership record is matched with the development plan with the use of AI technology. In this way, the system detects and corrects errors caused by human factors or changes in building design.
This system analyzes floor plans under construction. Any off-plan property can be found on the plan and marked as "sold" when the developer submits property rights to the investor. This allows instant monitoring of properties sold and stock.
A special module in INTRO examines the relationship between the investment volume and construction phase.
INTRO users can access anonymized state records on development plans outside the plan. This helps investors and home buyers to find reliable developers and profitable properties.
Modules for private property auctions allow developers to quickly sell properties and close cash flow gaps without damaging general sales plans.

If this solution is successfully implemented, they will largely overcome problems related to information asymmetry, poor construction developers & developers need to quickly sell the property.
My main concern is whether & how INTRO will enforce compliance when it comes to developers who violate regulations, or if investors don't pay what is owed to the developer.

If the developer or government agency provides wrong information accidentally or voluntarily and investors suffer or vice versa, what are the consequences? And if there are legal disputes as a result, how will INTRO mediate this problem? If INTRO has an effective way to deal with such disputes, then I think they will be able to easily get construction developers and international investors who are worried about this potential problem.

Who Is Behind the INTRO Project?

Without a great team and good and solid, the project will not be successful and run correctly. Many personalities have very good track records. Just like Vladimir Nikitin as a legal advisor and also others, to be more precise you can see it at https://introa.io/#team.The people behind the platform are people who are in real estate and want to buy property for long-term investment purposes without having to worry about the volatility that is often associated with the market. This causes a high risk for anyone who will invest in construction property.In many people, especially in other countries, such as people who buy homes forcibly by using a standard purchase method, this is because there is nothing else that can be used in the market. And when property plans fall prices become more affordable, property prices rise in other countries — making it difficult for anyone from a foreign country to sell their property and move abroad to affordable or cheaper prices.Now there are global investors and home buyers who continue to take big risks because of unplanned property in development, and this can lead to incomplete homes and capital loss.

The Team

INTRO’s team consists of many individuals who have a lot of experience in real estate, mortgage lending, local government & IT.Some of the team members include:

Kirill Badikov, Founder and Management Board Chairman at Gosstroy, JSC. In 2015, Kirill was appointed for the position of the Director of the state Mortgage Housing Lending Agency’s in Ufa. In 2012, Kirill was elected to the Ufa Municipal District Council, and in 2016, re-elected and appointed as the Deputy Chairman of the Municipality Council. In 2016, he founded INTROTECHNOLOGY RUS, JSC.
Denis Vechkanov, Executive with 13-year managerial experience in various fields: Business Valuation, Online Sales, Production and Retail. Since 2015, the Executive Director in the retail chain ‘Matrix’ (44 local shops in Russia and online shop). A graduate of the Hult International Business School (MBA, 2016). In 2017, he co-founded INTRORUS.
Oleg Oboloensky, Over 15-year IT experience In 2005/2012, he worked in Yandex, the leading Russian search engine, where he supervised several software development divisions. In 2012/2015, he was the Development Director at Rambler. In 2016, Oleg became a co-founder and the Chief Technical Officer at INTRO RUS, where he is now managing the development office software products.
Jason Hung (Advisor), he a serial entrepreneur and inventor in mobile technology, blockchain ecosystem, digital marketing, AI and ERP related business. He is the co-founder of Treascovery, Chidopi, TimeBox and CoinArt. And help on more than 25 ICOs as advisor.
Amarpreet Singh (Advisor), he is one of the leading advocates and contributing member of Global Blockchain community, senior Advisor of Global Blockchain Foundation and is an Advisory Board Member of many Blockchain projects around the world.

INTRO appears to have most of the expertise required to make INTRO a successful & sustainable start-up. A minor concern is the lack of blockchain experience in the team members bios apart from Amarpreet.However, given the level of IT experience in the team, it quite likely won’t be a major issue as they should be able to gain those competencies very quickly.

As a Conclusion, the INTRO project is a platform designed for real estate agents, and they are trying to use a system to make property cheaper, easier to sell, and more profitable for all parties involved, this will make the system more efficient and easier in the construction system.

To learn more about INTRO, open introa.io here you can download financial statement reports, and get all the metrics, analysis, statistics and numbers needed about the system that you might need if you are a real estate broker or investor.