Real Estate Doc (RED) will revolutionise the managing of commercial real estate businesses. Running on our blockchain network, our technology platform facilitates secure, immutable and legally binding transactions between parties using blockchain and smart contracts in a seamless environment, to achieve data-driven, cost-efficient and seamlessly fast transactions. Our long term vision for RED is to become a versatile blockchain protocol and business application where real estate companies can rent out and transact the lease of any kind of commercial real estate space. Through the RED application, the user will easily manage every aspect of these transactions on one convenient application. The RED blockchain protocol will over time, also allow for other real estate businesses to plug-in to the RED private sidechain with their existing system to access its benefits available. RED has successfully deployed proof-of-concepts in large commercial retail establishments in Singapore, streamlining commercial retail leasing transactions between landlords and vendors.
Conceptualization of Real Estate Doc B2B business for real estate companies and agencies.Deep-dive and research into real estate B2B applications and commercial and retail leasing business.
Entered into discussions and development agreement of POC development for major real estate developer in Asia Pacific to solution for shopping malls.
Commence development of V1.0 of RED document management system for B2B application, leveraging on existing technology infrastructure of Averspace’s digital documentation engine.
Successful deployment of RED 1.0 to targeted shopping malls.Successful launch of project with the major real estate developer for 2 shopping malls with option for rest of mall network.
Launch RED 2.0 with middleware modules with full deployment across existing network of establishments.
Commencement of REDT token generation event. Commencement of REDT (Private Sale) token generation event.
4th Quarter 2018
Completion of REDT token generation event.Completion of REDT (Public Sale) token generation event.
Expanded reach of more than 10 shopping malls / commercial buildings in Singapore with 2 more major mall / commercial building owners/ operators signed up with RED. Research into other markets i.e. MSA, TH, VN, IND, AUS.
Preparation and commencement of the building of private blockchain network and vendor / client KYC protocol. Signed up at least 2 major mall / commercial building operator in S.E. Asia.
Completion of vendor / client KYC protocols.Focus on regional expansion of business.
Completion and deployment of permissioned blockchain network with REDS integration and smart contract execution of lease agreements.Signed up at least 10 mall / commercial retail / commercial leasing operators with over 50 establishments in Asia Pacific on platform. Achieve profitability.
Completion of vendor / client KYC protocols. Migration of all modules existing clients to decentralised modules.
Onboard at least 30 mall / commercial retail operators with over 150 establishments across 10 different countries in Asia Pacific.Completion of the Space Exchange in Asia Pacific with integrated smart matching algorithms.