Konkrete

Konkrete will be a Blockchain-enabled fractional property marketplace. It will enable anyone to crowdfund their home deposit or release equity from their existing property, without taking on additional debt via crowdfunding or bank loans.

Using a novel financial structure, we address the structural issues faced by existing fractional property platforms. Putting the fractional property fund on the Blockchain allows us to achieve a wider distribution, liquidity, governance and transparency by utilising a distributed, decentralised approach. This fractionalproperty token on the Blockchain may also serve as a global currency at a future date, due to its various uses.

This fractional-property solution will be classed as a security, and we will build the Blockchain infrastructure to support it. This includes the ability to handle KYC, AML, CTF, a distributed-unit registry and distributed-shareholder voting.

Once built, this infrastructure will have the capacity to support a number of other securities from various third-party issuers, as well those who are interested in leveraging the power of Blockchain. In effect, the underlying infrastructure will be everything that tokenising securities on the Blockchain requires. As part of this paper, we also describe this infrastructure and propose a utility token called Konkrete, which will power this new ecosystem.