Not just a blockchain platform for real estate

What fits the gap here between traditional real estate and technology would be the use of blockchain technology in this real estate market. With blockchain, it comes with transparency due to the decentralisation of data. This already obviates the possibility of data manipulation.

By being on the Ethereum platform, Kozjin uses smart contracts for the management of real estate assets and transfers. This automates the respective responses upon required or pending actions taken with validation. To put it simply, each smart contract is able to identify the action the initiator has made and execute the pending response needed upon validation of initiator’s action. For example, upon a successful transaction of property tokens, the smart contract will be able to release the ownership of a property to said payee. This eliminates any form of dealership between parties and also, saves a lot of time and administrative work.

Enabling quicker payments and lower fees

Kozjin is a blockchain platform for real estate listing, as well as a payment service. Making up the Kozjin ecosystem are the quick exchange, mobile crypto wallet and a physical bank card.

Quick Exchange

This quick exchange is what its name suggests. Providing a peer-to-peer (P2P) cryptocurrency exchange within the mobile app, it allows buyers and sellers of Bitcoin (BTC), Ether (ETH), USDT and KOZ (Kozjin token) to interact and perform their exchange of tokens.

Within the quick exchange, there is also the digital currencies exchange trading platform which will accept altcoin listings. However, within this trading platform, no withdrawal of crypto or fiat will be made available. Users will be able to convert their altcoins into one of the 4 main tokens mentioned above and perform withdrawals through the P2P exchange.

The quick exchange allows for real estate stakeholders to be able to convert their property tokens and KOZ tokens into their desired crypto and perform withdrawals quickly.

Kozjin wallet and bank card

The Kozjin mobile app which will consist of the wallet and bank card allows for quick usage of cryptocurrencies and for users to perform transactions for their investments or transfer of asset easily. By doing so, there will be no need for wire transfers which would have easily accumulated another US$100–200 for transaction fees if done locally, otherwise up to three times if done internationally.

Smart contracts

With the smart contracts on the platform, it also reduces a significant amount of time caused by delays of transactions, documentation and administrative headaches. Besides reducing contracting, execution and compliance costs, it also prevents a unilateral breach of contract, insuring both stakeholders.

With Kozjin, we’re here to disrupt the real estate industry with our FinTech services. Follow our journey at www.kozjin.io today!