Construction sector: modern investment methods
Blockchain technology has presented the ability to quickly and conveniently process and register transactions. Now they do not require a lot of paperwork, which was previously done by qualified lawyers.
With the help of smart contracts, transactions are executed in a matter of seconds, and their mechanism rejects transactions in which the parties cannot fulfill their obligations.
Typically, using blockchain, you can ensure complete transparency of all transactions. This makes the contractor fulfill his obligations in better quality, and also eliminates fraud, since they will be too quickly and easily detected.
Blockchain offers a number of advantages in highly conservative industries where bureaucracy used to play a huge role. Construction is one of these industries.
A long-standing problem of construction for investors and equity holders is the closed nature of the industry. It made them extremely vulnerable to unscrupulous companies. States have tried to solve this problem with laws, but they do not always work well.
What does Altano offer?
By investing through Altano, all three parties (developers, investors, and equity holders) get the desired result.
For developers:
No intermediaries. Everything works using smart contracts. This will reduce the costs of lawyers and bureaucracy, which means — improve the quality of housing while getting more profit since there is no need for additional borrowed funds from banks.
All developers will have their own rating on the platform, which will reflect their reliability for investors and equity holders.
For investors:
Investors will also benefit from lower construction costs. Housing can be sold at a higher price, which means that the margin increases. In addition, all the same, smart contracts provide complete security.
For shareholders:
An independent audit will provide equity holders with reliable data on the construction of the facility throughout the construction period. The presence of an escrow account will exclude the possibility of theft of equity holders’ funds, and the voting system will exclude the possibility of transferring funds without their knowledge.
Thus, Altano offers a modern method of investment in construction using blockchain technologies, which will bring benefits to all parties at once.
Learn more about Altano advantages:
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