ICO Today Magazine News
The Arevalor Platform addresses the illiquidity issues and significant systematic friction of the current global real estate market via the utilization of its Land Property Transfer Protocol (LPTP). LPTP is a system of proprietary smart contracts created by Arevalor and built around existing legal framework. LPTP creates and executes legally binding real estate transactions and logs permanent and immutable records onto the blockchain. The Orbis token (ORB) is the key that unlocks the power of LPTP contracts by providing the “fuel” needed to perform transactions and create storage on the Ethereum network.
LPTP massively simplifies intra-jurisdictional real estate transactions by allowing the rules and regulations of each jurisdiction to communicate with each other to meet the ultimate goal of completing a transaction. The platform is a “living” code structure, as it is continually adapting to a dynamic real estate environment, ensuring that two parties from anywhere in the world can successfully conduct business with each other. A domestic deployment will be targeted initially, with continuous updates implemented as Arevalor expands to new jurisdictions.