RxEAL

RxEAL is a platform for trustless and safe security deposit storage on real estate using block chain technology which helps in fixing market for the rental security and deposits globally. The platform  provides a decentralized dispute resolution  with the main focus on real estate and automatize real markets valued at higher mounts easily as it require only requires the users to have the Ethereum wallet  with no technical knowledge.

POSITIVE VALUES

Ease transactions:  The platform provided by the block chain technology eliminates the growing number of fraud cases in handling rental transactions associated with unfair withholding of the funds for the security deposit at end of the rental agreement by providing an interface through the smart contracts offered by the technology. It promotes easy and faster deposit returns and cost effectiveness as compared to the traditional rental solutions.

Security: The  smart contracts once agreed upon and signed ensures that the  rental deposits on real estate are securely  stored on the Ethereum block chain  throughout the course of the agreement with no possibility of changing the terms  of agreement in order to access the funds.

 On the other hand in case a disputes arises, it is handled by qualified personnel who have adequate experience on the use of the platform ensuring that the deposit is shared accordingly preventing any further losses.

 NEGATIVE VALUES

Token functionality:  The RxEAL only provides the contributors right to use the real token platform and not any further investments. The owners have no rights for any   future advancement for as it doesn’t provide them with the ability to invest their income in owning a property making the project biased

Risks: The contributors adequately understand that the project can fail or be dissolved  at a certain point once there is less demand  by the public and  cannot  be beneficial at all times however much they  put all their best efforts in the project.

RECOMMENDATIONS

RxEAL is the perfect solution to the increased demands of the growing consumers on real estate, car rentals and other transactions that require security deposits. The project ensures that the contributor’s funds are secure and easily accessible once the agreement contract expire. This adds values to all the parties involved hence resulting to improvement of the Worlds markets making the project viable.