LandOrc is bridging the USD 500 billion lending gap for real estate developers by tapping into the growing Decentralised Finance. The dapp for the LandOrc platform allows landowners to convert land title to NFT, property developers to seek loans and digital asset owners to stake or lending against them. All thru one platform, with transparency and speed of blockchain.
With an operating dApp, users can explore the specific services that would be interest to them. As it is evident that the dapps do have plenty of pros and benefits, we have compiled the most remarkable ones of them below.
Built-in security
Since dapps are based on blockchain for having to save the data, they have the inherent security and safety against the odds of intervention by anyone with malicious intentions to change the data for fraudulent activities or steal. It is more so because the blockchains store the data so that it never lets any modification until the entire stakeholders are willing to make a change. LandOrc’s smart contracts have been audited by global IT security firm Entersoft https://www.entersoft.eu/ and have been published on Etherscan https://etherscan.io/
Integration of tokens
LandOrc dApp integrates 3 tokens, LANDNFT the NFT of the land title that is made available as a collateral. LORC token is the means for lenders to take on projects and LGOV is the governance token accessible to members of the community to take key decisions on the platform, including choice of projects for lending. All the tokens operate via smart contracts and provide decentralisation in decision making.
Free from intrusion
Conventional real estate lending relies heavily on offline decision making, resulting in a slow pace and absence of transparency. Lending via LandOrc Dapps are free from such a working mechanism and tend to function independently in their own certain manner. With end to end, process lending and collateralisation processes are on the blockchain to ensure that the dApps are naturally free from external interference, regardless of whether it is from the company, central authority, developers, or even an organization. Also, because every individual in the community has a say via LGOV tokens in handling decisions and information on the dApp. With no single individual or entity having influence over the entire operations.
Responsive to innovation & creativity
Among other terrific benefits and advantages of the dApps, is the ability to respond quickly to adjacent opportunities. With an in-house team of developers LandOrc is able to extend the use cases of the dApps to include services and features that are relevant to the growing Proptech industry. Using the underlying NFT technology to ease the process of real estate transactions, title management etc. Building extensions around the current dApp allows for faster go-to-market and maximise the revenue opportunity.
LandOrc dApp is available for users to try out https://www.landorc.io/try-app.html and participate in staking on existing projects today.
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