Goals
Profits through Efficiency and Trust
In the development of land, time is money. When developments can be brought to market faster, in a way that makes them attractive and secure to buyers, investors share bigger rewards.
Efficient Blockchain technologies can better coordinate the acquisition and management of capital for land development. Blockchain technologies can also increase trust as a result of its transparent and open nature. It is the goal of Plano to leverage on-chain technologies, to create tools that aid in these objectives.
Smarter Urban Planning
The goal of Urban Planning is to create efficient mechanisms for planning decisions in ways that reduce future uncertainties. Smart contracts running on the blockchain are ideally suited to this task as they can be used to enact a “Rules Based Order” of strict rules and development constraints, knowable ahead of time by all parties.
This certainty about development rights reduces the transaction costs and the costs of the administrative processes associated with development. This in turn speeds up the development process in comparison with existing practices administered by jurisdictional authorities.
Community Self-governance
In Planned communities, decision making by community participants can become more democratic and operate more efficiently through the use of blockchain technology and structures such as Decentralized Autonomous Organizations (DAOs). Mechanisms for accepting new proposals, voting on governance changes and control of the destiny of a community by aligning stakeholders interest in simple, immutable and transparent ways. Plano will adapt and extend existing DAO-based governance tools to facilitate self governance of a community.
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