Dominium is being developed by industry professionals as a tool to improve services to their existing and future clients, having identified weaknesses in their own market. Using third generation blockchain technology to modernize one of the most established yet antiquated industries in the world, it is an international platform on which regulatory documentation for property funding is standardized, and assets are placed on the blockchain alongside property sales, rentals and management.
Features and Differences From Competing Projects:
The platform is built on an Ardor childchain which evolved from the time-tested NXT blockchain. The childchain decentralises the trade of assets and places rental agreements, purchase agreements, property management tasks and more on the blockchain. Dominium will obtain the required regulatory licenses to allow standardised legal templates for property funding to be created. This allows companies to create regulatory compliant assets, which can be purchased by the Dominium account holders. As the assets are created on the blockchain they will of course be 100% transparent and liquid. Moreover, Dominium is underwritten by a portfolio of property assets generating an income and ensuring the future development and maintenance of the platform.
Potential Scope of the Dominium Project
This scenario is a long way off in the future but, in theory, could be made possible by blockchain technology, and specifically the platform.