Compared to most other industries, the endeavours concerning real estate are by far one of the most difficult to run. The drive itself is going through noticeable change at present. The organization of the documentation process, managing resources and capital, and finally delivering quality products while trying to ensure a safe and secure environment for the client and the business is complicated to achieve- this, decisive efforts are being made to ensure efficiency.
How can ProofEasy help?
The Real Estate industry is huge and very necessary for each section of the society. But currently, it is facing a lot of challenges that are bogging it down. ProofEasy can help the Real Estate sector in the following ways:
Documentation related to financing
The immediate concern for any real estate industry is to think about financing projects. The focus is generally laid on raising a decent degree of capital at the SPV level. Developers try to add wealth from their balance sheet and use financial services for projects from several banks to raise the desired amount of capital.
Managing documentation for a multitude of vendors
At the initial stage of development, the management teams must enlist vendors and subcontractors. Many vendors come into the picture: those providing services of procurement, construction, engineering and even security, and the development team must make sure to take care of the matters of payment for each new party. Manage liquidity can therefore be one of the challenges as well.
Ensuring trustworthy documentation for financial exchanges
Trustworthy documentation has become the need of the day, now more than ever. Using technologies like blockchain to ensure tamper-proof documentation, developers can provide security for the documents which have been edited, reviewed and delivered. Therefore parties involved in financial exchanges can rest assured that their money is safe.
Secured documentation for several people at the same time
The latest versions of the secured, tamper-free documents can be shared and verified by the project owners who possess them without risking leaks in data. Since making projects a success often depends on many people simultaneously, it also becomes necessary to maintain transparency in the sense that all parties must be informed of important decisions. Blockchain technology also makes such distribution hassle-free and secure.
Via services like ProofEasy, the process of ensuring a safe environment for the exchange and distribution of documents becomes more accessible. The unique QR code generated by VeriDoc Global security ensures that the blockchain ID can only be accessed by those who hold the original QR code. It takes validation and proof verification one step further.