REIT Smart Contract (Solidity) - Tokenized Real Estate & Property Management on Ethereum Blockchain

A uni project in the scope of Smart "Contracts and Decentralized Blockchain Applications" course @ Uni Basel 2020.

We programmed a micro REIT Smart Contract in Solidity with a property management function.

In this video first, we show the concepts. After that, we demonstrate the contract in Ropsten Testnet.

Smart Contract on Ropsten:

GitHub:

by Manuel Baez & Pirmin Özdemir

[jeranmiller]

Hello! Interesting demo. Where I practice real estate here in the United States, the government doesn’t receive any cut of monthly rental payments. Instead, there’s a certain amount of tax that comes due each year to the county, and that amount is individual to each property. Would it be possible to construct this in such a way that it pulls that amount from a database and automatically pays it from the wallet of each owner according to their percentage of ownership?

[uwadiaeogunsuyi]

Great video from great minds thinking alike. Would love to discuss more if possible. Cheers.

[steam]

Very interested to see what real estate information is required in order to tokenize the property. Do they partner with chainlink?

[JohnSmith-suze]

Practical question: How I can I invest my crypto in real estate right now?

[LydiaScherr]

Hello, lovely presentation! Can you also share the slides? Thank you.

[TripcussionShorts]

Hello thanks for sharing this ...Can this be done in real world scenario as well .Also can we fund the project from scratch using such a brilliant tech.

[realestatecryptocurrency]

I would like to discuss in greater detail.

[michaelroot]

Great video, are you guys working on any real estate blockchai projects rn?

[Chris-tqjy]

Definitely should move to the Algorand blockchain if you want much cheaper fees. It blows my mind as to why companies continue to put their products on a legacy blockchain.

[codaq]

Beast to use dollar value and convert to Eth in real time

[polytech]

But who wants to pay the rent with ETH ? how practical is this for the time being? but it is nice if we can really do it .😕

[michaelroot]

The use case for this is REITS! Imagine raising 10, 000, 000 to buy cash flowing real estate. Every month the smart contract will send out accordingly to cashflow based on how much money the investor put in the fund automatically!

[ahaarmy]

That’s really cool and well made but I’m still confused by the whole 1 house = 100 tokens like what is the tokens? And how would they be valued

[pushinglimit]

What happen if the house is for example, sold or put as collateral (and then the owner in default)?

[rubassiliconvalley]

the code of the project is in github? thanks

[rubassiliconvalley]

in the code there is an error.

function withdraw() payable public { //revenues can be withdrawn from individual shareholders (government can too withdraw its own revenues)
uint256 revenue = revenues[msg.sender];
revenues[msg.sender] = 0;

emit Withdrawal(msg.sender, revenue);


Where is an error. What is the solution? Thankss

[AlabaiSwap]

I think you have to get back to this business and build more

[beaconterraoneonline]

What country (government) was this model based on?

[stacyblaustein]

Its a government worship contract. Why not create a BETTER solution with NO government?