Abstract
Last updated
Last updated
Buying real estate is hard. Buying in a foreign country is even harder. Plano solves this.
Plano provides a set of services to tokenize, fractionalize and settle real estate transactions instantly on the blockchain. Plano enables this by creating trustless solutions that connect existing property law in the real world with advances in tokenized assets.
The core of these services are Deed NFTs that facilitate the trade of real-world property settlement at the speed of the blockchain without the paperwork and complex intermediaries such as escrow services and government monopolies on title information.
Using NFTs, Plano makes buying easy with a new decentralized, global marketplace for the effortless trade of tokenized real estate. This market is a single onramp to the world’s real estate with less complexity and more trust.
Leveraging this marketplace, Plano connects buyers with business intelligence, decentralized finance, brokers, asset managers, and more to transform the way global real estate is owned and operated. As a result, the trade of real estate becomes smarter, efficient and more equitable.
Lastly, Plano creates ways to fractionalize property ownership and usage - allowing groups of friends or family novel ways to co-own and invest. Further, Plano enables alternatives to vacation rentals and timeshares by creating a market where people can buy and sell fractional ownership and/or usage for time windows when they wish to utilize a property. Spearheading a social network based on shared property ownership, built right into the marketplace, Plano brings new liquidity and opportunities to the existing real estate market.
The global market disruption of real estate will be as large as any the world has seen in industries such as books, travel, music, and transportation. Plano leads the way.
The purpose of this paper is to provide a high-level overview of on-chain tools for the tokenization of real estate assets to facilitate ownership and trade with increased liquidity and fewer intermediaries.
The intended audience is crypto currency enthusiasts, influencers, investors, entrepreneurs, real estate developers, and other professionals, coders, financial and legal professionals.
Related whitepapers exist that discuss other Plano services
For those new to blockchain, a list of definitions for common concepts is provided in the appendix of this document.
This document is considered a living document. This document will be reviewed, updated, and amended over time by the Steering Council based on feedback and input from Plano community members. Nothing contained in this document is purported to be final and should not be taken to be final.
Details of Plano governance and tokenomics
Tools for on-chain creation and governance of land development projects and communities