Challenges
Best Novel Funding Distribution Tool
Allo's protocol architecture for real estate product development is innovative: Democratization of Real Estate Investment: Allo's platform can enable a broader range of investors to participate, breaking down traditional barriers that require substantial capital, thus making real estate investment more accessible to a wider audience. Global Access: The architecture could allow individuals worldwide to invest in real estate projects across various locations, thereby creating a truly global real estate market. Transparency and Security: Blockchain-based protocols typically offer enhanced transparency and security. All transactions and asset ownership can be efficiently tracked and verified, reducing fraud risk and increasing system trust. Transaction Efficiency: Automation and smart contracts can streamline real estate transactions, making them faster and less costly by reducing the need for intermediaries and simplifying bureaucratic processes. Investment Customization: The platform might enable investors to choose specific projects based on their personal preferences, risk tolerance, and investment goals, offering a more personalized investment experience. Social and Economic Impact: Facilitating broader access to real estate investment can positively impact affordable housing development and projects benefiting communities traditionally excluded from such developments.
Best use of the project registry
Ease of Integration: The sponsor's technology integrated smoothly with our existing systems, allowing us to leverage its full potential without major overhauls. Customization Options: Increasing the level of customization in the tooling could enhance its adaptability to a wider range of project needs and preferences. Advanced Features: Introducing more advanced features, particularly in data analytics and reporting, would greatly benefit users looking for deeper insights into their projects.
Best review and evaluation tool
Providing more comprehensive training materials, such as video tutorials or interactive webinars, could help new users maximize the tool’s potential more effectively.
Project details
Build3r is a platform focused in the real estate development sector through blockchain technology. It democratizes real estate investment by enabling transparent and efficient fund management for development projects. Using Allo Protocol's smart contracts, Bild3r not only ensures milestone-based fund distribution but also facilitates a sophisticated capital distribution feature. This feature enables a seamless and automated allocation of funds to investors and stakeholders, enhancing transparency, improving accessibility, and automating processes. Bild3r addresses traditional real estate challenges and pioneers innovative investment and development avenues.
How It's Made
- React: Powers dynamic user interfaces.
- Tailwind CSS: Ensures custom and responsive design.
- Wagmi: Facilitates Ethereum blockchain interactions.
- Shadcn: Streamlines front-end development.
- Fleek: Manages web hosting and application.
- Web3.Storage: Provides decentralized and secure data storage.
- Allo protocol: Direct grand strategy(https://github.com/salviega/build3r-contracts/blob/main/contracts/allo-protocol/strategies/_poc/direct-grants-simple/DirectGrantsSimpleStrategy.sol)
Workflow
1. Create a Profile
- Users start by creating a profile on Bild3r. This profile acts as the digital identity for developers or investors, storing credentials and transaction history within the platform.
2. Create a Pool
- Users can create a funding pool. This pool is the collective source of funds, contributed by investors, to finance approved real estate development projects.
3. Set Recipient
- The recipient of the funds, typically a real estate developer or project team, is designated. This step involves specifying who will receive the funds for the project upon meeting the set milestones.
4. Set Milestones
- Specific milestones for each real estate project are defined. These could range from obtaining planning approvals to completing construction phases. Milestones are critical for the release and management of funds.
5. Review Milestones
- The set milestones for each project are reviewed and approved by the platform’s administrators or a designated committee. This ensures that the milestones are realistic and align with the project's overall objectives.
6. Distribution of Funds
- Funds are distributed from the pool to the project recipient as milestones are successfully met and verified. This step is crucial in ensuring that the funds are appropriately utilized and that the project progresses as planned.