Basic functionality for both property tokenization and P2P rentals is now complete

Development Status Review

On April 25, 2018, the development team launched the ATLANT network on testnet, and released its core node software. At that time, the ATLANT Node already handled the following key areas of functionality:

Property data management

Distributed data storage

Networking

Secure data distribution

Permissions

Access control

Since then, development has proceeded significantly in terms of finalizing the platform’s main components, which are responsible for property tokenization, property token trading and peer-to-peer (P2P) rentals.

The ATLANT development team has also focused on the UI (the presentation layer of the platform), while also integrating its primary components into the presentation layer, in order to provide the best possible experience for all platform users.

ATLANT Platform Basic Functionality Completed

Now the ATLANT team is pleased to announce that the development of both the property tokenization and P2P rentals aspects of the platform are complete, in terms of initial, basic functionality.

“We’re all very proud of our development team, and the quality of their work” said Julian Svirsky, ATLANT CEO, “They really pulled out all the stops to make this happen. Basic user-ready functionality is a major milestone for any new platform, and we’re very pleased to have reached this point.”

Platform Technical Overview Now Available

In order to provide a clearer understanding of the underlying technology, we have published a high-level technical overview of the ATLANT Platform.

https://atlant.io/static/docs/Atlant_Tech_overview.pdf

This overview contains a set of the platform’s major components distributed across four layers:

Data layer

Main business logic layer

Self-enforcing logic layer

Presentation layer

The ATLANT platform’s data layer is production-ready as of now, represented by the IPFS-based ADDS (ATLANT Distributed Data Storage) on the ATL network and the clustered DBMS in the ATL Services group.

The main business-logic layer comprises the ATL Services and the ATL Node logic, dedicated to both the main and auxiliary functions of the platform. For instance, property tokens trading (Services) and peer-to-peer rentals (Node) represent the main part of the platform’s functionality, while the KYC service (Services) is an auxiliary part. The majority of ATL Services have been successfully implemented, and developed services are currently under review. The ATL Node has also recently been enhanced with P2P rental functionality, which is currently being tested.

The self-enforcing logic layer is represented by a set of EVM (Ethereum Virtual Machine) smart contracts running on the Ethereum network, allowing for property token creation, token holders KYC (Know Your Customer regulatory compliance data), token distribution, smart rental offers and escrowed agreements, arbitration processes and arbitration management. The ATLANT team has developed and tested all the relevant smart contracts mentioned above, which are involved in implementing the aforementioned functionality.

The presentation layer includes web GUI applications for the property tokenization and trading (ATLANT Exchange) and the peer-to-peer rental aspects (ATLANT Rentals) of the platform. The ATLANT development team is focused on making these apps simple and convenient, yet also powerful and flexible, in terms of UI (User Interface) and UX (User Experience). There is also a GUI-based desktop node client on the development roadmap, and it is expected to be released in the near future.

The ATLANT Exchange application preview is already publicly available: https://trade.atlant.io

For more info on ATLANT platform development and code insights, please check GitHub:

https://github.com/AtlantPlatform

ABOUT ATLANT

ATLANT is a revolutionary global real estate platform enabling tokenization of real estate ownership and P2P rentals. The rapidly growing ATLANT team is both distributed and global.

For additional details please visit https://atlant.io