5.0 Architecture & Design
Last updated
Last updated
Current modules for development and implementation for the Propbase DApp on web based platforms, IOS, and Android.
The Propbase registry consists of six smart contracts each designed unique to the specific task required to execute in the property transaction process, and two smart contracts for digital identity (remains private) and a digital signature (for smart contract task recording).
Propbase will develop a Explorer front-end gateway for participants to access information on the Propbase Blockchain including the Propbase Registry and Props utility token.
Address - query results for PROPS utility token
Transaction Hash - query results for property transfers
Property ID - query results for all activity on a specific property
Transfer Hash - query results for all activity on a specific transfer
Each country has traditional and established regulations, laws, conventions in place by a governing body. As a result, there is a lack of standards on a global level for property transactions. This, coupled with blockchain adoption being at an early stage, will provide a unique opportunity for the Propbase registry and transaction module to set the bar for governments to adapt blockchain technology as an alternative for the traditional paper-based government registry systems.
The Propbase registry sets a new standard for property transactions and is compliant with legal and regulatory frameworks in the property transaction process. Through immutable ledger technology and public access, the Propbase registry reduces the complexities and inefficiencies for property investment, and allows for access to universally transparent property investing.
Propbase will provide APIs for third party integration across various portals, MLS providers, and other vendors. The standardized API libraries will allow additional parties to interact directly with the registry. However, all fees occurred by entities will require the PROPS token to process transactions via. smart contracts.
The Aptos blockchain is a layer 1 solution created for safe development, and built with user experience as a core focus. The transaction process uses byzantine fault-tolerance, proof of stake consensus mechanisms, and has the highest TPS for any layer 1 solution in the market. Aptos has its own tools including, its own virtual machine and the Move Prover, a formal verifier to check smart contract correctness.
The Move Language
Designed for smart contracts, the Move programming language empowers developers to create applications simply, securely, and swiftly. Aptos focuses on a enhanced user experience with a parallel batch-optimized, modular transaction processing pipeline, plus innovations like Block-STM's.
Security & Upgradibility
Aptos focuses on performance for the user building a network that can be upgraded, consistently, ensuring longevity and sustainability of the blockchain and the applications developed on it.
Many property developers are adapting to blockchain technology as a channel to acquire more buyers. Below is a use-case scenario where a property developer can utilize the Propbase transaction platform and transact directly with the purchasers for traditional property transactions on Propbase.
DIRECT TRANSACTIONS
