MELBOURNE, Australia, June 07, 2018 – ShareRing , a sharing economy network powered by its unique decentralized token, has recently announced an alliance with Quarteria, a blockchain based real estate platform. The joint venture will allow Quarteria users to rent out properties through ShareRing’s database and token, providing a cost-effective rental solution for both short term and long term renters. The newly created partnership will drastically improve the real estate industry, which suffers from a variety of problems including high costs and low efficiency. By harnessing the power of blockchain technology and the token economy, ShareRing and Quarteria will provide lasting change to global real estate markets.
Quarteria, a thriving blockchain company in the second phase of their token offering, seeks to accomplish three real estate related goals. First, it aims to open up competition between buyers, renters, and sellers through its international directory. The directory is driven by an open source algorithm that grants equal opportunities to all parties involved–regardless of their size or pocketbook. Second, the platform establishes a decentralized marketplace for renters, buyers, and sellers. All interactions are completed through a truly peer-to-peer process, which saves on costs and time while boosting transparency. Third, Quarteria hosts real estate auctions, the details of which are recorded on the NEO blockchain, establishing an immutable and transparent record of all real estate exchanges.
The partnership with ShareRing allows the Quarteria to expand its services to the sharing economy rental markets. Platform users will soon have the ability to rent properties using ShareRing’s database. All transactions through said database will be facilitated by ShareRing’s token. Thus in addition to having access to a large array of rental properties–from small apartments to full sized homes–renters will save on transaction fees and exchange rates, a particular useful feature for those traveling abroad. Sellers and landlords will benefit from lower transaction costs as well, while simultaneously gaining access to a larger, more easily defined client base.
The ShareRing team is very excited about the partnership’s business opportunities, noting, “We are very excited to be working with Quarteria to be part of the real estate value chain. By facilitating after-sale rentals via the ShareRing platform, we can be part of the end to end solution for property investors.”
Likewise, the Quarteria team recently commented, “As complete supporters of the blockchain’s inherent collaborative spirit, we at Quarteria are very proud to announce a partnership with ShareRing.” The alliance between the two emerging blockchain companies is yet another example of companies joining together to foster lasting change through the power of the blockchain.
Real estate is one of the world’s oldest and most lucrative industries, and as such, it has undergone myriads of changes. Today, the frontier is more exciting than ever, as companies like ShareRing and Quarteria are joining hands to create revolutionary new platforms and systems. The housing boom is about to go blockchain.
This is a press release. Trustnodes has not undertaken any verification of any of the above statements and any statement or project contained therein is not necessarily endorsed by Trustnodes. Readers are strongly urged to do your own research.