Tortola, BVI – February 2, 2023. Tanssi, an appchain infrastructure protocol, and Xcavate, a blockchain-based real estate platform, have teamed up to enhance real estate transaction processes using blockchain technology. This collaboration was solidified following the successful deployment of Xcavate's appchain on Tanssi's Dancebox TestNet. Leveraging Tanssi's infrastructure support, Xcavate can now shift its focus from the intricacies of appchain management to core priorities: refining their code, expanding community engagement, and delivering superior user experiences in the real estate sector.
“Our experience with the Tanssi Dancebox TestNet has been smooth and effective, enabling us to deploy and update our chain with ease, all while receiving outstanding support from the Tanssi team. A key technical highlight of our partnership is the 'Know Your Asset' (KYA) protocol, which guarantees that all listed properties adhere to strict standards concerning legal ownership, construction quality, and financial data," says RichardHouldsworth, Xcavate Co-founder.
Xcavate: Transforming Real Estate Through Blockchain Technology
Xcavate is a blockchain-powered platform designed to enhance financing and accessibility for property developers in the real estate sector. The platform integrates digital identity verification, smart contracts, and oracle systems, ensuring transparency and security in transactions. This streamlined approach significantly improves the efficiency and reliability of real estate dealings.
Through the use of blockchain, Xcavate not only makes real estate investment more accessible but also promotes environmentally sustainable practices. It stands as a practical application of blockchain, providing property developers and investors with a transparent, efficient, and accessible solution, effectively addressing challenges faced by the traditional real estate industry.
Key Challenges Addressed by Xcavate:
Democratizing Real Estate Investment: Xcavate seeks to broaden access to real estate investment opportunities, traditionally limited to a small segment of the population, in a sector valued at over $378.7 trillion.
Environmental Impact: The platform addresses the real estate sector's significant environmental footprint, contributing to 40% of global CO2 emissions, by promoting sustainable building and construction practices.
Powering Up Real State Operations with Xcavate's Custom Appchain
Xcavate is enhancing its real estate services by launching a custom, application-specific blockchain (appchain). This specialized appchain is designed to meet the unique needs of the real estate market, offering scalability and the flexibility to quickly adapt to market changes and regulations.
Here are some of the benefits of having a custom appchain:
Fast real estate transaction processing is vital for timely investments and sales. Dedicated block space optimizes these transactions for real-time operations. Additionally, its flexibility allows for the customization of consensus mechanisms and smart contract features to suit the specific needs of the Xcavate Protocol.
Creation of a tailored governance model through its DAO, fostering community involvement and transparent decision-making.
Enhanced Security and Identity Verification
Specialized security protocols, coupled with blockchain-based identity verification, enhance the security and compliance of global real estate transactions. This approach streamlines verification processes, bolstering trust and efficiency in the market.
Streamlined and Secure Real Estate Processes
Smart contracts on appchains revolutionize real estate transactions by automating and securing processes. They ensure efficient, transparent, and fraud-resistant property sales, leases, and management, reduce intermediary costs and enable compliance with regulations.
Real-Time Data Integration with Oracle Systems
Oracle systems in real estate appchains deliver essential real-time data, crucial for automating and securing smart contract transactions. This integration ensures transactional transparency, aids in regulatory compliance, and supports a secure, decentralized data framework, vital for reliable and efficient real estate transactions on the blockchain.
Enhanced Appchain Functionality: The Role of Tanssi in Elevating Xcavate
Tanssi significantly enhances Xcavate's appchain functionality by streamlining its deployment and management. This collaboration frees Xcavate's team to focus more on their core mission: transforming the real estate investment landscape.
Tanssi's role is vital in managing the complexities of blockchain technology, ensuring that Xcavate can maintain reliability and efficiency — essential qualities in the real estate sector.
Key Contributions of Tanssi to Xcavate's Appchain:
Infrastructure Management: Tanssi adeptly manages the complex technicalities involved in running a blockchain. This includes maintaining collators, the block producers essential for blockchain functionality. Additionally, Tanssi manages indexers, enhancing the efficiency of querying the blockchain, and maintains stable RPC nodes, ensuring consistent and reliable access to the network. This robust infrastructure support is critical in the fast-paced real estate market, where delays can have significant implications.
Enhanced Security: Tanssi utilizes Polkadot's shared security architecture to bolster the security of Xcavate's real estate transactions. Additionally, Tanssi's appchain deployment protocol enables developers to tailor security configurations to their specific needs, providing enhanced control and visibility. This level of customization is vital in the real estate sector to protect and maintain the integrity of high-value transactions.
Advanced Interoperability: Through Polkadot's native cross-chain communication, Xcavate gains the ability to seamlessly interact with various parachains. This includes leveraging Moonbeam's Routed Liquidity to connect with external networks, further expanding its market reach. Additionally, collaborations with parachains like Polimec, Kilt, and Bitgreen enhance liquidity and user engagement. This interoperability is key to Xcavate's mission of broadening access to the property market through fractional ownership, allowing for a more inclusive and diversified real estate ecosystem.
Customization and Resource Efficiency: Tanssi, utilizing the Rust-based Substrate framework, offers a high degree of customization and performance, essential for catering to the specific needs of real estate transactions. This approach not only allows for the development of tailored solutions but also significantly reduces the resource intensity typically associated with launching and maintaining an appchain.
Shaping the Future of Real Estate with Xcavate and Tanssi
Xcavate is making significant strides by integrating blockchain into the real estate sector, thereby making property investments more accessible, transparent, and efficient. This integration streamlines the buying process, cuts transaction costs, and bolsters the security and trust that are often missing in traditional real estate dealings. Xcavate's realXchange platform introduces a unique fund release mechanism within NFT marketplaces, fostering community-oriented projects and equitable outcomes through engaging and gamified interactions.
Meanwhile, Tanssi's robust appchain infrastructure protocol plays a pivotal role. It allows Xcavate's developers to concentrate on enhancing the platform's robustness and optimizing the user experience for property developers and buyers. Simultaneously, Tanssi manages the appchain infrastructure, ensuring its smooth operation. This collaboration between Xcavate and Tanssi signifies a major leap towards a future where real estate investment is not only more inclusive but also empowered by the revolutionary capabilities of blockchain technology.
Tanssi is committed to streamlining appchain deployment, making it more accessible for the web3 developer community. Developers seeking efficient appchain deployment are invited to utilize Dancebox, Tanssi's TestNet, designed for swift and seamless integration.
About Tanssi Network
Tanssi's appchain infrastructure protocol is built to simplify and accelerate appchain deployment using ContainerChains. When an appchain connects to Tanssi, it becomes a ContainerChain, accessing a developer-friendly and permissionless environment that provides infrastructure as a service. As a result, appchains can be deployed in just hours— a significant leap from the typical months-long process. On top of this, Tanssi also benefits from the shared security and native interoperability of the Polkadot Relay Chain. Learn more at tanssi.network.
Xcavate is transforming the property investment landscape by utilizing blockchain technology to simplify and democratize purchasing real estate. The platform aims to make property investment accessible worldwide, creating a decentralized environment where investors can easily engage with real estate opportunities. Through a secure blockchain system, Xcavate facilitates transparent and efficient transactions, eliminating traditional intermediaries and reducing the costs and complexities associated with property investment.