BitHouse

= "a platform that enables a property to be registered on the Ethereum Blockchain as a decentralised autonomous house and rented in exchange for equity. In essence, it’s smart mortgage and rental contract combined".

URL = https://www.bithouse.io/

Description

"BitHouse is a platform that enables a property to be registered on the Ethereum Blockchain as a decentralised autonomous house and rented in exchange for equity. In essence, it’s smart mortgage and rental contract combined. The mortgage can be paid off by anyone who rents part of, or all the property and there is no limit to the number of equity holders. Equity is fluid, so there is no technical difference between a renter and an equity holder. Equity and capital are distributed dynamically through a central balance sheet secured through blockchain technology. BitHouse allows banks to provide a mortgage like service to dramatically more people while massively reducing the financial risk and removing the high administrative costs of repossessions. Creating a bridge for renters to become homeowners; A core problem for banks and society and a leading factor in the ongoing economic crisis."