Real Estate is widely considered as a market that has its core in the offline market. Considering the growth at which the market is booming and the amount of money it involves it is most difficult for people with less income to participate in this trade. The real estate market has potential that is no less than any other market but considering the capital required to get into the business, it is difficult for common people to find a way to the market.
Blockchain-based real estate platforms are less in counties like India. The countries that have a “tag” of developing in it will naturally lag in any kind of innovation that is available in the world. The blockchain has been introduced largely in every sector. Real Estate is a sector that is yet to be added into it. By making real estate a blockchain-based business there will be transparency in the business and it will be very effective in carrying the business.
FOHO is a blockchain-based real estate platform that has come up with the idea of introducing a blockchain based real estate system that will enable more transparency and efficiency in the market. By the method, fractional ownership and shared economy FOHO is trying to build a market where real estate will not just be about buying and selling properties. People will get abundant opportunities for owning different properties around the country fractionally. This will help people from all economic backgrounds to have their share in the growing market. This idea shall be proved beneficial for the countries economy in the long run.