Hello readers in this article, I shall be introducihing to you an innovative project (prepayway) with a multi functional platform that will transform the cryptoworld as well as the global economy. As we all know since the introduction of the blockchain technology and the use of digital currency about a decade ago, so many other projects from different sectors of the economy have been making using the blockchain in order to take advantage of the unique features which include transparency, decentralization, trust, safety as well as security. PrepayWay has also been created to leverage on these features to provide effective, efficient and transparent platform where users can carry out international businesses across the globe without stress.
Prepayway platform is going to be handling different areas of businesses including:
- Global PrepayWay real estate management where owners and Agents of Real estate will be able to successfully manage their businesses.
- PrepayWay Global trade platform which will serve as a payment platform for global trade and global contracting.
- Prepare Way dispute resolution platform, this is where professionals will handle and resolve disputes arising from the platform.
- Prepayway global financing system using a decentralized platform. This is why PrepayWay is termed a multi-functional platform with diversified features all aiming at transforming the global economy in the nearest future. PrepayWay is a project that covers a wide area of global businesses.
However, in this article, I shall be focusing on one Business area of PrepayWay and that is the PrepayWay Real estate platform. Perhaps I will talk about other aspects of PrepayWay in subsequent articles.
Due to the importance of Real Estate, the market capitalization has been on the increase according to statistical reports. Real estate is actually an aspect of the economy that involves everyone including property owners who want s to sell their properties , clients who may want to buy a property , travelers for several purposes including holiday, business, conferences, workshop etc.
AS essential as this sector is, there are challenges that are hindering its efficient and effective running , this is one of the reasons for the creation of PrepayWay real Estate platform in order to help transform the sector using the blockchain technology and smart contract.
SOME CHALLENGES AFFECTING REAL ESTATE MANAGEMENT GLOBALLY
The major challenges of Real estate management are lack of security, Transparency and trust. a Client who want to buy property needs to be sure of the identity and integrity of the person he or she is dealing with. most times, people get dubbed by some Agents with fraudulent activities and cause such clients to lose their money either by paying to a wrong person or paying for a wrong property .Travelers who need to rent a hotel room is not sure of the security level of such hotels and therefore they become skeptical about where exactly to pick an accommodation and who to trust Also, regarding personal information of clients, there is no security , they give out their personal information to people they don’t trust who in turn use the information against such clients. These challenges have made it difficult for Estate managers to have a smooth business transactions void of fear. The good news here is that Prepay Way has been created with great and lasting solutions to security challenges in the sector.
Another challenge affecting the global management of Real estate has to do with understanding foreign languages and laws of such countries. This has effect on clients who go to a foreign country to either buy or rent a property. He or she needs to study and get acquainted with the laws governing Real estate management in that part of the world. This can be very hectic, frustrating and discouraging as such affect the market negatively.
Difficulty in making payments: this is another challenge as clients and travelers have to go though the stress of converting whatever currency they have in their country to the Fiat currency of that country. This process is not only time consuming but it is also stressful.
Difficulty in making payment using checks: like I explained earlier, payment option involve in the present estate market is very stressful, like some countries where payments have to be made using a blank check ,clients will need to be physically present in such countries to be able to make payment using his bank check. This is not just stressful but also time consuming.
HOW PREPAYWAY IS BRINGING SOLUTIONS TO THE CHALLENGES FACING THE GLOBAL REAL ESTATE MARKET
It is worth knowing that the integration of PrepayWay real estate into the blockchain is bringing innovative solutions to the problems that have hitherto affected the global real estate industry.
Leveraging on the features of the blockchain technology, PrepayWay will provide an adequate security tool to protect clients from losing their funds to scam Agents. With the blockhain technology any client who needs to purchase or rent a property anywhere in the world can do so from the comfort of his or her room using via the blockahin . The smart contract also allows transparency, trust and safety of users Data and personal information since the platform is Decentralized and does not need the services or interferences of middlemen and no information can be altered on the blockchain.
Dispute resolution: with the use of blockchain technology, clients are sure of receiving the right judgment. for instance in a situation where a client pays for a property and later realizes that what he or she is being offered is not what he or she bargains and paid for , there is a dispute resolution panel set aside to investigate and settle the case between the buyer and seller amicably.
Unlike the difficulty experienced by buyers who pay for properties in a foreign land and do not understand the language of agreement there, with PrepayWay, users can get their own lawyer to draft an agreement using their own local languages and get to understand the terms clearly before making payments.
Easy payment methods: with PrepayWay, users who purchase property from the platform makes payment via the smart contract using either Fiats or cryptocurrency . This eliminates the stress of trying to convert from one currency to another or payment using a complicated and complex process of local bank checks.
HOW PREPAYWAY REAL ESTATE PLATFORM WORKS.
The platform has a simple and user friendly interface that allows anyone to be able to use conveniently.
All a user needs to do is signup, login to the platform with users data highly encrypted and secured. After login in, a user locates and chooses a reservation agreement template according to his or her country using his or her language. Then users are required to use InBit token at this point to activate their PrepayWay account. When a user who wants to buy a property is satisfied with his or her choice property he or she goes ahead to make payments depending on the currency the seller agrees on.
INBIT TOKEN USES
InBit token is a utility token created by PrepayWay team which will serve as the main driver of the prepayWay ecosystem. It will be used for several purposes including:
- Payment for goods and services on prepayWay platform, such as buying or renting of properties etc.
- InBit tokens will be required for payment in developing a property blockchain for real Estate managers.
- Will be used for payment of any reward and incentive on the platform
- The essence of creating InBit token is to get crypto investors involved in project by issuing out token during token sales.
- InBit token can also be used to exchange for other cryptocurrencies or Fiat currencies in Exchanges
- Holders of InBit token will gain full access to and enjoy the features of Prepayway platform.
CONCLUSION
like I mentioned earlier, PrepayWay project is a very large and multi- functional projects that cannot be completely discussed in this article, but one thing I will love my readers to note is that this is an innovative project that will change the way Global payment is made, Real estate is managed and of course the way global financial transactions are carried out. This is one project every crypto enthusiast should embrace and be a part of. With the unique features of this project I have no doubt in my mind that it will definitely bring a complete transformation not just in the Real estate industry but the f\global financial world as a whole.
For more information and regular updates please visit the links below:
Website: https://prepayway.com/
Telegram: https://telegram.me/prepaywaychat?utm_source=Bitcointalk_EN
Twitter: https://twitter.com/PrepayWay
Ann: https://bitcointalk.org/index.php?topic=5065060
Authour’s btt link: https://bitcointalk.org/index.php?action=profile;u=1760015;sa=summarya8
Authou’s name: nesbee2