Review on Cybereits by Pedro O. Alvino M.
Real estate transactions project
A platform intended for the use of real estate trade, offers the consumer the necessary tools to be able to execute commercial and legal procedures on property rights with blockchain technology.
Developed in the Ethereum chain, it contains its smart contracts and a DAPP that contains a series of contracts that establish the parameters for real estate transactions and that these have the least minimum of risk. Being on the Ethereum network, it consists of a cross-chain transaction mechanism and cross-chain mutual trust mechanism to ensure that the digital assets issued by the party meet the unified standard requirements.
The development that the project has had has been witnessed since its launch in 2016 according to its road map, for which case there has not been an announcement of use of the services, in which the trade of its token in the market is null and your business information is limited.
Pros
- First to innovate in a real estate marketing system based on blockchain technology
- The chain contract of the CYBEREITS platform is based on Ethereum.
- Uses the GXS Gongxinbao risk control engine to periodically review the credit of registered users
- Establishes a mechanism of mutual trust and transaction between chains.
Cons
- With the CRE token you can buy digital real estate shares on the CYBEREITS platform
- There is no P2P section for real estate transactions.
- It will take time to introduce this system, as the traditional system dominates the market.
- Using both Ethereum smart contracts and the on-chain transaction network can be detrimental when Ethereum is congested.
