The new crypto currency MarbCoin supports smart contracts especially for real estate transactions. These smart contracts are in combination with our app suitable for the financing, purchase and sale of real estate. In the "Coin Pre Sale" you can now buy MarbCoins at a discount.
We are convinced that our new blockchain application will make the real estate market more transparent and cheaper. Not only the purchase and financing, but also the development and management of these real estate properties.
Mortgage and old-fashioned banks
At present, when it comes to real estate financing, we are still largely depending on old-fashioned banks that charge high fees and have a vague acceptance policy.
Our new crypto currency, MarbCoin, together with our application, should help to reduce the costs of this form of financing. Smart contracts should increase acceptance for a loan because of a faster understanding of financial possibilities.
Lack of transparency
Often, investments in real estate are not always fully transparent. What exactly is being invested in? Who exactly will become the owner? What are the exact costs of the complete investment and financing? Has the property already been rented out? And if so, to who is it rented and on what terms? With our application this information can be retrieved both beforehand and afterwards at the touch of a button.
Below are some examples of how our blockchain and application can be used. The blockchain application is still under development and in the future we will continue to work on the application to add more functions.
In the MarbCoin application someone can list a home or commercial property for sale. This will then appear in the application and associated website(s) as for sale.
As soon as someone wants to buy an object and wants to know everything about it, they can use our blockchain. With our application it is possible to track exactly who the previous owners of the object were and also the previous sales prices are available. Contractors can add any renovations to the "Property Profile". Additional data may include energy labels, taxes, etc.
With a click on your smartphone you can retrieve all the data of a certain object at once.
As soon as all data is known, you can make an offer for that home or business property via the application. And if both parties agree, a (smart) contract can be drawn up automatically.
The traditional real estate agent can work much faster, and in some cases is no longer needed at all.
A person wants to buy a house or a commercial property and needs a financing/mortgage to do so. With MarbCoin it is possible to create a (smart) contract with all the data of the property and the financing details, all the data ends up in the blockchain. On the basis of this data, third parties, who may be private individuals or companies, may offer financing for the object.
Because all data is public and everything can be easily checked by everyone, the costs are much lower than currently is the case with traditional banks. In addition, our own currency, the MarbCoin, can be used to finance objects and repay the outstanding debt.
Our application makes the management of an existing property simpler and clearer. The rental data such as which tenants are there, rents and whether a property is empty or not will be directly visible in the blockchain. This data is also important when selling the object.
Maintenance contracts can be added and complied to with smart contracts. In case of a sale of the propery, all this data can be used by the next owner.
This application is also suitable for hotels where the management and rental of rooms can be easily tracked. On top of this a separate booking module can be made.
Investing in real estate becomes a lot more transparent because all the data of the property and the investment are publicly available in the blockchain. This shows whether something has been rented out, for how long and at what price. Possible maintenance and insurances are also visible.
In our new app, which runs entirely on our new blockchain, it is easy to create smart contracts for the financing and management of real estate properties.
We are currently doing research whether we can have the asking price and rental price determined by computers. Using photos, location and existing data from the blockchain, we can use "Machine Learning" to determine a realistic price.
The new crypto currency MarbCoin supports smart contracts especially for real estate transactions. These smart contracts are suitable forthe financing, purchase and sale of real estate properties.
Smart contracts are, as it were, digital contracts that can possibly be executed by a computer if the requirements of the contract are met.
For example, it can be agreed that, in the case of a large real estate investment, a deal with different investors from different countries will only take place if a certain percentage of the investors agree.
A smart contract can also be used to replace a traditional loan for a property. All the details of the property and financing will be added to the blockchain, which can lead to lower costs.
These contracts can also contain information about a real estate object, such as who the owner is, whether the property is insured and for how much, and if there are still (overdue) loans outstanding.
An option is if a real estate investment is not fully funded, all the participants get automatically their money back.
We are convinced that our new blockchain application will make the real estate market more transparent and cost efficient. Not only the purchase and financing, but also the development and management of these real estate properties.
MarbCoin was founded by people from real estate sector and IT specialists from the Netherlands, Germany and Spain. We have a large network of international real estate investors and many real estate agents, with which we try to speed up the acceptance of the MarbCoin among real estate specialists.