Reading White Paper
One can read the LandOrc whitepaper at their website (https://landorc.io/) to know more about their platform. But not many would understand the high loads of technological and business jargons there. Investopedia describes whitepaper as a document with information where organizations use to promote or highlight the features of a solution, product, or service that it offers or plans to offer. Hence, we decided to break it up here in a layman’s story format for the readers or investors to understand, on a daily basis. So, let’s jump into the story and start from the basics.
Real Estate and Real Property (sounds similar right!)
A quick check at Investopedia will tell you that real estate is a form of real property. Real estate is the land along with any permanent improvements attached to the land, whether natural or man-made — including water, trees, minerals, buildings, homes, fences, and bridges.
Real property is the land, everything that is permanently attached to the land, and all of the rights of ownership, including the right to possess, sell, lease, and enjoy the land. It can be used as residential, commercial, agricultural, industrial, or special purpose. You need to know your ownership in the property (the interests, benefits and rights inherent in the ownership of real estate).
Let’s slow down here. You might want to read the above definitions two or three times. Probably re-read over a cup of coffee. So, LandOrc.io is going to develop a land? NO. Read on.
When there is a bare land, depending on the type and location, it generally carries certain value. If you want to increase its value further, you might transform it by planting fruit trees and turning it into a fruit farm. Alternatively, you might build some houses and develop it into a housing estate. All these depends on the legal rights and jurisdiction of the respective land area. The key idea here is land development or real estate development, zooming into property developers.
When new uses are created for real estate through act of manipulating, building on, and /or designing and constructing is known as developing. “Developers” are those who engage in real estate development. They buy land and either create or renovate the property, risking their resources and capital in the hopes of investment reward. Now, these developers are one of the key figures of LandOrc.io. How? Why? Stay tuned for Part 2.
Keywords: Real Estate, Real Estate Developers
Sources
https://www.investopedia.com/terms/w/whitepaper.asp
