Blockchain technology, in general, is thought of as a perfect solution when it comes to transparency and trust-less system. One of the best uses of blockchain can be to allow for the democratisation of real estate properties. It is sought to open up the gates for potential investors from across the globe without worrying about the factors like cost of sightseeing, liquidity, or authenticity. It will increase the real-life utility of the public in all.
There is a huge market value and demand of the real estate industry. One study shows it could save over €100 million of each Swedish taxpayer eliminating paperwork, frauds and faster transactions. We have seen virtual assets in the form of land as NFTs in recent times but is it possible to launch a real-life valued real estate on the blockchain?
No one can really predict how long it will take for the blockchain to be dominant in the real estate industry, however, Ragnar Lifthrasir, Founder of Velox.RE and the IBREA (International Blockchain Real Estate Association) believes it will be much quicker than most people imagine “Like any emerging technology, blockchain will reach mainstream adoption when entrepreneurs create secure, easy to use applications that solve a problem. Real estate owners and businesses who adopt blockchain earlier will experience the biggest benefit and will set themselves apart as leaders for the next revolution in the property industry.” said Lifthrasir.
There are some big questions to implement real estate on blockchain.
Of course, we require authenticity but who shall provide it?
How can blockchain stored data be implemented in the real world?
One more problem besides it faced in real life is adding the stakeholder is a tedious process. One generally does not have a small percentage ownership share of land i.e. no. of stakeholders are limited and hold a fair amount of ownership share. All in all if you want to own 1% of foreign land, it is not possible easily.
dNFT solves the problems for the current scenarios theoretically very well. Before reading this, we would recommend you to read the previous articles on dNFT and have an in depth understanding about the concepts of dNFT here. So let’s get started!
dNFT provides the one market place for all such real life assets. For real estates, the highlights are:
- To ensure authenticity of land, validators are present. dNFT represents each unique land as NFT and in order to register NFT on platform, it requires acceptance of validators (here they are the land authorisers). Thus, verified land records are only present on the platform.
- dNFT allows fractional ownership of NFT. Hence, after validation of NFT, one can issue it to stakeholders. All the shared owners of land can now list for sale or allow bidding mechanism as and when required. Hence, if you own 5% of land, you can bid or sell (at some fixed price) say your 1% to anyone.
- Since, being on blockchain there is no liquidity problem and you can cash in your amount quickly without looking up for third parties to sell or buy.
- Apart from logging every data on blockchain, there is a digitally signed copy by the initial seller about the authenticity of ownership of it that can act as proof of guarantee and legal binding.
So, as the concluding statement, we can say that it is the need of the time to have real estate realised on blockchain. QuillHash team is working on dNFT standard that could be of great value to the real estate market.
At QuillHash, we understand the Potential of Blockchain and have a good team of developers who can develop any blockchain applications like Smart Contracts, dApps,Smart Coins, DeFi, DEX on the any Blockchain Platform like Ethereum, EOS and Hyperledger.
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XRP long-term Price Analysis: 19 September
XRP took a substantial hit in terms of its price this month, with the cryptocurrency falling on the charts in early-September on the back of Bitcoin’s fall. However, the past week has illustrated a determined XRP, one with strong bullish momentum as it tried to recover its previous losses.
At press time, XRP was being traded at $0.24 with a market cap of over $11 billion. Despite the previous week’s upward momentum, the price of the coin did note a minor dip of over 1 percent over the past 24-hours, with a trading volume of $2 billion.
XRP 4-hour chart
According to XRP’s 4-hour chart, the price has been moving in a steady ascending channel with a long-term breakout downwards expected in the coming week. The uptrend noticed on the daily chart may end up with a slight correction over the aforementioned period, however, dropping the price to its support at $0.241. With the price continuing to move within the formation, it is likely to briefly visit its resistance level at $0.25, following which, a downward breakout is quite possible. Further, there was an additional support at $0.23 and a resistance level at $0.27 for the coin.
At the time of writing, the MACD indicator had undergone a bearish crossover, confirming the possibility of a downward dip in the coin’s price over the coming week. Further, the RSI also echoed a similar sentiment, with the same falling towards the oversold zone on the charts.
Most altcoins in the long-term do exhibit substantial correlation with the king coin – Bitcoin, and such is the case for XRP. Over the past year, the XRP-BTC correlation has registered a significant uptick from 0.66 to 0.81.
XRP’s long-term price action looked slightly bearish as the coin was likely to see its price dip to its immediate support in the coming week, once it breaks out of the ascending channel formation. However, before such a move is made on the price charts, the coin may see it touch the resistance at $0.25, following which, a drop was quite likely.
Opinion: Can Uniswap’s UNI Break Into the Top 10 Cryptocurrency Token Rankings?
The launch of Uniswap’s governance token UNI caught the cryptocurrency market left, right, and center. Some folks who received the airdrop for being a loyal Uniswap user before September 1, dumped it on the market to avail their free helicopter money. Some held on.
Nonetheless, UNI got listed on Coinbase Pro, Binance and it’s price shot through the roof. It’s now on number 32 as per CoinGecko. But can it break into the top 10?
UNI Token Price Pumps, Dumps Then Again Pumps
As reported by CryptoPotato, the listing of UNI on Coinbase and Binance led to a massive pump in the token’s price. UNI surged 300 percent from $1 to $4 before dropping to the lower $2 levels later in the day.
Then, the token went on a rampage and reached a high of just shy of $9 before retracing to where it’s currently trading at around $6.7. But the explosive price action has generated tremendous enthusiasm amongst traders and DeFi fans who are calling for UNI’s break into the top 10.
So much is the frenzy that users were found to buy ETH to collect their ‘UNI helicopter money’ despite surging gas prices on the Ethereum network.
— The Wolf Of All Streets (@scottmelker) September 17, 2020
Can Uniswap’s Governance Token Break Into Top 10?
Since the launch and a super volatile bout of trading activity, Uniswap’s governance token is already a number 32 cryptocurrency according to data from CoinGecko.
Uniswap is currently the top DeFi project according to DeFi Pulse. And has assets with a total USD value worth $1.8 billion docked up in the DEX. An increment of 90 percent in the last 24 hours.
UNI has a $720 million market cap and is handling a $4.5 billion daily trading volume. Something which is unusual for a digital asset at such lower rankings. But according to hopium laced optimistic predictions on Twitter, the token will actually be a ‘unicorn’ cryptocurrency with its entry in the top 10.
Prediction: $UNI will soon be the #3 crypto asset.
— Cole Kennelly ⬙ 🦄 (@ColeGotTweets) September 17, 2020
And actually there may be some substance in such a claim as out of a maximum supply of 1 billion, only around 106 million UNI tokens are in circulation. The coin is trading currently for a price of $6.7.
It must be taken into consideration that Coinbase has an equity stake in Uniswap’s parent company Universal Navigation Inc and also holds a sufficient number of UNI tokens, as mentioned in their UNI token listing blog post.
This imparts a certain dose of legitimacy to the decentralized token swapping protocol. As per CoinGecko with current prices, UNI would have a ‘fully diluted valuation’ of more than $6.5 billion. That would be enough to push it comfortably amongst the top 10 cryptocurrencies.
DeFi in healthcare – a slice of over $8 trillion worth pie
DeFi has the potential to be a solution for many problems existing in the healthcare industry It can provide easier and more affordable access to financing It is the future of the healthcare industry The ongoing Covid-19 pandemic is a global healthcare problem. It is showing that the problems of such scale demand solutions on […]
- DeFi has the potential to be a solution for many problems existing in the healthcare industry
- It can provide easier and more affordable access to financing
- It is the future of the healthcare industry
The ongoing Covid-19 pandemic is a global healthcare problem. It is showing that the problems of such scale demand solutions on the same level.
The problems of shared access to the latest medical advancements and knowledge are not alone. A financing solution that is globally available is also necessary.
In recent months the expansion of telemedicine shows the trend for the healthcare industry moving online. Solutions for financing medical services are currently lagging behind.
DeFi potential role
In the modern world, it is considered that access to affordable healthcare is a basic human right. That it should be irrespective of class, wealth, or any other socioeconomic distinctions.
Such democratic universalism of services can be powered by DeFi, which is based on the very same principle. The need for easy access to healthcare services is global, and if properly applied it can provide a globally accessible way of financing them.
Opportunity for growth
The global healthcare market was worth mind-boggling $8.45 trillion in 2018, with projected growth to $11.9 trillion by 2022. And DeFi has a definitive opportunity to take a slice of this pie.
Currently, the whole of this industry is estimated to be worth just south of nine billion dollars. It can provide solutions that will give an astounding growth potential inside of the healthcare industry.
DeFi is based around community governance, community funding, and the principle of transparency. It has the power to provide financial solutions that will expand the accessibility to affordable healthcare around the world.
Projects based around DeFi solutions have the power to bring the most benefits to those who need them, the community. Groundwork already exists, now it should be built upon and grown to scale.
DeFi has the power to remove almost all barriers currently existing between people and affordable access to healthcare. It is the future of healthcare.
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