Zillios takes a step further from the competition, by minimizing the counterparty risks. This makes the platform relatively lightweight compared with the competition. It will be use in paying for other real estate related services on the platform. This article was created in exchange for a potential token reward through Bounty0x.
$500M Dubai Property to Be Tokenized via Blockchain Technology
At the moment, Zillios is in the process of raising funds to advance its development by the sale of tokens through an Initial Coin Offering (ICO). More information about this pioneering financing system and participation in the purchase of tokens is available at Blockchain technology is turning out to be the zillios most transformative technological innovation since the arrival of the Internet.
Born as a method to register crypto currency transactions, nowadays it offers a technology which cannot be manipulated, helps to bridge trust gaps between parties and makes processes faster and more efficient. Fully decentralized platforms are the most effective actors in platform economy. The whole point behind the platform economy model is to minimize the risks, the upfront costs and to act as a matchmaker.
Because of high property listing costs and commissions, a lot of properties are not listed in these portals and therefore invisible for potential buyers and renters. This applies even more for properties abroad, as most portals are mainly home market oriented, meaning international offer is fragmented over portals. Unclear communication, non-transparent processes, dependencies on third parties and a lot of paperwork provoke considerable uncertainty. Add to that language barriers and unfamiliarity with local legislations and it is obvious that buying property internationally is a cumbersome process.
- Within Zillios the position of every property listing in regional search results can be managed with a pay-per-click bidding system, common in digitally advanced sectors like e-commerce.
- On zillios international Real estate platform, Property Agents will have the opportunity of use of the blockchain in carrying out safe and secure transitions and during payments for properties.
- Zillios is a project every Real Estate stake holder and cryptocurrency enthusiast should adopt, this is because the platform is designed with following innovative features.
- Property purchasing runs on it’s own set of smart contracts, which match international buyers and sellers based on the geofiltering algorithm deployed by the platform’s internal metasearch engine.
- Such a business model turns the dominant market player into a gatekeeper to market, which is highly profitable to the gatekeeper but often detrimental to smaller customers.
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Zillios represents the definitive solution to property search and vacation rental. Thanks to its innovative business model and unique infrastructure based on blockchain technology, it manages to overcome the current market failures. Zillios provides homeowners, real estate agents, international buyers and vacation home tenants a highly efficient and transparent platform. A platform that allows all key players to take control of the home buying and rental processes. Undoubtedly, Zillios drastically transforms the way in which the current real estate market operates.
Zillios is a global digital platform for international property buying and vacation rentals. Zillios’ highly innovative infrastructure offers an unprecedented solution to the inefficiencies in the current real estate market. By using Zillios, key players in real estate will be able to early adapt to blockchain and to benefit from practical solutions that will make their life easier. One of the advantages of the innovative business model based on the bidding system is that Zillios provides the first rental platform without commissions to all key stakeholders.
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By using Zillios platform, Homeowners will be able to list their properties, get buyers anywhere around the globe, use blockchain to carry out fast and safe transactions all freely without the need for Agents. Home owners will have the opportunity of promoting their properties globally without stress. Property purchasing runs on it’s own set of smart contracts, which match international buyers and sellers based on the geofiltering algorithm deployed by the platform’s internal metasearch engine. The buyer benefits from trusted third party assistance. With the use of Zillios international real estate platform renters and buyers of properties do not have to pay commission fees.
The role of the company behind Zillios is minimized to the extreme, which practically means that the platform simply provides terms and space for the counterparties to operate, and sets of smart contracts everyone agrees to consent to. Ziilios platform is designed in a way that is simple, user friendly but sophisticated. With this feature, users will experience a unique, new and innovative way of running the Real estate market. Zillios is a project every Real Estate stake holder and cryptocurrency enthusiast should adopt, this is because the platform is designed with following innovative features. Starting with the concept in 2017, Zillios just presented its beta version at with over 1 million featured properties.
Zillios having zero listing fees, removes this barrier. Properties that are unique enough or owned by someone who .. For the customer, this means many properties not found anywhere else. The company, having a wealth of experience in real estate market spanning over decades, is well-positioned to take on the market. With over a million properties already listed on the beta platform, the road to success is paved with an existing market.
- Zillios itself doesn’t sign anything on behalf of the client, as the properties are managed through smart contracts, without counterparty risk.
- Starting with the concept in 2017, Zillios just presented its beta version at with over 1 million featured properties.
- The geographic auction mechanism is probably the key to success with this product.
- Because of high property listing costs and commissions, a lot of properties are not listed in these portals and therefore invisible for potential buyers and renters.
- Undoubtedly, this is the next revolution in the sector of vacation rental portals after Airbnb created its model of very low commissions.
Assistance for both homeowners and tenants is provided by trusted third party service providers, which means that the both parties gain additional trust on the service. Rental services are further divided between common and holiday rentals, which are little bit different in their character, therefore demanding their own sets of smart contracts. This business model potentially seriously disrupts the holiday rental market. The fact that the platform charges no listing fees or commission, and delivers the funds instantly after payment are factual improvements to current market conditions. Whereas leading sharing economy players can be characterized as market makers and agents, Zillios reduces the counterparty risk with a smart contract, and literally only provides a platform for the transaction between the willing buyer, willing seller.
The geographic auction mechanism is probably the key to success with this product. I could imagine high-end properties auction for the highest bidder through this platform, creating a unique market — based on quality and transparency — even in niche markets. Zillios has an unique approach to the problem, which it solves by charging the customer for actual clicks the customer makes. The click are auctioned through a geographic filter, which makes clicks in New York City potentially a different value from clicks in Paris or London, depending on the level of interest the customers have in properties in these areas.
Undoubtedly, this is the next revolution in the sector of vacation rental portals after Airbnb created its model of very low commissions. A unique feature in Zillios will be the possibility to influence the positioning in search results for a specific available rental period for a holiday home. In addition to the innovative business model of Zillios, the automation and optimization of key processes, made possible thanks to the use of blockchain technology, represents another key to the elimination of commissions. Zillios offers a revolutionary freemium model for homeowners, real estate agencies and real estate developers to encourage them to include their complete property listings offer.