Property 888 is a private permissioned blockchain-based DApp (Decentralized Application) built on the Polygon blockchain. It is a decentralized property title management solution designed to streamline real estate transactions, remove intermediaries, and increase security and transparency. The private blockchain is used to enable selective access for authorized stakeholders, including government officials, property owners, potential buyers, and auditors, while providing new innovation on how properties are financed, developed, sold, and bought, all powered by the Blockchain.
Property 888 aims to revolutionize the real estate market by offering homes at 30-50% lower costs in emerging markets, by utilizing Stablecoins or digital US dollars for all primary transactions, Property 888 eliminates concerns around cryptocurrency volatility. The platform offers alternative financing models using tokenization and DeFi loans, without the need for mortgages or credit checks, each new home purchase is bundled with a free electric vehicle (EV), and a free solar power plant, targeting underbanked, and unbanked population, while promoting sustainability and energy independence.