Real Estate on Chain
Last updated
Last updated
NPC’s process of acquiring real-world assets (RWA) is operated through the iBuyer system, which is designed to eventually serve as a resource for other cyber states. The system includes optimistic prophets, licensed real estate agents, inspectors, appraisers, escrow agents, property managers, and notaries. Each role plays a vital role in ensuring the integrity, transparency, and efficiency of real estate transactions.
iBuyers use licensed, government-regulated real estate agents as intermediaries, ensuring enhanced due diligence and transparency in their transactions. This approach not only protects the protocol from bad actors, but also leverages a framework that professionals are already familiar with, streamlining the acquisition and management process.
In addition to real estate agents, NPC incorporates other key roles in its ecosystem, such as inspectors, notaries, underwriters, appraisers, escrow agents, and property managers. These roles are essential to providing comprehensive and accurate property assessments, ensuring fair transactions, and managing ongoing property demand. Inspectors and appraisers provide an objective assessment of the condition and value of a property, while escrow agents facilitate secure and transparent financial transactions. Property managers contribute to the long-term maintenance and profitability of real estate.
The use of notaries in the NPC process enhances the security and authenticity of transactions. Notaries play a vital role in verifying the identities of the parties involved, adding an extra layer of trust and legitimacy. In a digital world, this step is critical as identity verification is essential to preventing fraud and ensuring compliance with legal standards.
Additionally, these professionals are easily verifiable and subject to their respective regulatory frameworks, significantly reducing the risk of fraudulent activity. Their participation in the network process not only ensures compliance with legal and ethical standards, but also increases the predictability and reliability of real estate transactions. This regulated network of professionals positions NPC as a strong real estate transaction platform in line with its goal of promoting direct, secure and efficient real estate transactions.
NPC Network State has specific requirements for different roles within its real estate transaction framework, ensuring that all parties involved adhere to high standards of professionalism and integrity. These requirements are tailored to each role, from real estate agents to underwriters, and are essential to maintaining the efficiency and security of the transaction process. Below are the standards for underwriting real estate and the standards for the parties that need to verify and approve.
NPC can tokenize paper real estate deeds, thereby increasing the liquidity of real estate and providing investors with decentralized real estate investment, where multiple people can jointly hold a property in proportion and receive financial income according to their share.