|Industry:||Real Estate / Investment|
|ICO Timeframe:||12/01/17 – 01/01/18|
|Token Supply:||1,000,000,000 RNT (80% ICO, 20% Presale)|
BitRent is a blockchain platform meant to attract commercial and residential property investments at an early stage of construction in order to gain profit by selling and renting out the acquired property. Bitrent’s decentralized platform will allow participants to track all the processes of a construction project from modeling to auditing efficiency of the finished building with the help of smart-contracts and blockchain in the online mode, and also the financial and the technical side of the shared investment in the real estate at all stages. Such a register is maintained through assigning to each operational process a unique number kept in the architecture of smart-contracts. BitRent will also leverage RFID technology to monitor the achievement of milestones in the construction process, enable real-time reporting and improve scheduling.
PROS: takes advantage of the projected dramatic increase in infrastructure / real estate spending, enables “individuals” access to construction projects and profits formerly only available to institutions or the extremely wealthy, deep management team with multiple blockchain programmers
CONS: volatility inherent in the real estate and construction market, additional information afforded to investors is important, but is it actionable? Blockchain can improve construction management, however, construction by its very nature will remain a hands-on business (not a game-changer from a project mgmt. standpoint)