Topic: [ANN][ICO] BitRent - platform for investing and monitoring building construction - page 20. (Read 47748 times)

While this is a really interesting project, I feel like they have some major hurdles to get over for this to really be a success. Given that I am in the architecture business, I have a pretty good grasp on how building construction, investment, development, implementation, building systems and monitoring works. I would love Dev to provide insight on how they plan to address the implementation of the system.

Like with any new product, education is key to adoption. Without adoption you will have no working utility. How are you going to convince developers and builders alike to use your product and on that note, what is the product? Seems like this will be a centralized system used to develop, build and monitor the building and construction, am I right to assume this is ONLY to be used on projects your team will be building and investing in? Built building monitoring systems already exist and already have infrastructure and programs in place and it comes at a cost. You can NOT monitor mechanical system efficiency with RFID alone, you need sensors in the units, sensors in the spaces, you need to map out changes over time, and then implement the most efficient use of the system. I can see the use of blockchain to aid the monitoring of these systems, but how will you develop the programming and controls of it?

What will the cost to the developer and builder be? The most important aspect of any project is budget, so how do you rationalize the additional costs and in what way does it increase efficiency, is this what the utility of the token is? Most products are specified to be local or by trade so that the Contractors can get the lowest cost and the lowest labor possible, this business revolves around bottom lines. How do you track labor on blockchain? When you are tracking building material, how does that translate to tracking a wall being built? It has to be manual input because that technology does not exist yet. How do you track waste when a 4x8 piece of gypsum board is cut down to fit the wall? Does the blockchain tell the contractor exactly where to use that leftover piece? This creates inefficiency as trades know much better how to build the system with field conditions then any program can.There is no need for development of RFID if you are using local products, I can see the use for products that are shipped from overseas, but even then you are only tracking logistics and you cannot reduce manufacturing lead times.

Additionally, I feel like your introduction of BIM is misleading. BIM is of technical use in the generation of the project, design and construction documents, BUT you still need people with the knowledge and know how to design and build the building. Efficiency of the BIM solely relys on the people working the model, you cannot prevent human mistake nor track them with the blockchain unless you are knowledgeable in the field. It is physically impossible to predict all outcomes of construction with a BIM model. I use BIM (Revit) on a daily basis and there has never been a large project without issues, I don't see the blockchain being able to help discern or resolve field issues and requests for information (RFI). Do you give the user control in making field decisions? How is this any different from already established investment pools?

It seems like this is basically a seed fund to development projects. I mean, how to you propose to have the blockchain resolve an failed Mechanical, Electrical, or Plumbing inspection? How would the blockchain resolve or assess existing site conditions? A concrete pour did not cure correctly due to weather, now you have to re-pour and it sets the project back a full week you have to pay for the new pour, this kind of cost is a standard and gets added on to the budget, how is that resolved? Does the blockchain help decide what items to 'value engineer' when issues arise and construction starts to exceed the budget? I guess my real issue with this is that there are factors in construction that require experienced people to make difficult decisions in order for projects to be successful and I don't see the utility of this token resolving those issues.

Hope this information helps those investing in this project.

I wonder whether the project will attract some money for building houses. Investments in real estate have always been popular, but construction is still a little bit different. Usually there is a lot of money, so a company with a good idea will be able to use huge amounts in its activities. Will you invest in real estate around the world, or are you planning a local project?

WEEKLY DIGEST

 Every week within the BitRent team is very active. Less than 5 days ago the first stage of our Global Roadshow came to a close. Summing up, we can confidently state that one more important step was made to unite the construction worldwide under the blockchain platform BitRent.

Our team of professionals gradually expands. Now mister Thatavarti, world-class blockchain leader, officially represents the interests of BitRent on the territory of India. He’s a chairman and leading blockchain expert in the Global Blockchain Pioneers Association. We’re sure that his more than 10-year experience will open a way for BitRent to dominate the market of real estate investments in the South Asia.

Two leading BitRent platform specialists — Igor Pavlov, BitRent Business Developer, and Dmitriy Kolesnik, CTO, shared the secrets of functionality and development of the platform.

Negotiations with Identity Mind Global from the US are on the finishing stage. This company is famous for providing quality connection to KYC/AML services. Moreover, we will most definitely make use of Sixense services — one of the monitoring market leaders that provide peak efficiency for construction process visualization. Our technical expert seized the moment to underline the unique application of RFID-tags in the construction and their important role — a linchpin inside of the distributed ledger chain of construction and financing phases.

Many people ask the question “Whether BitRent is capable of becoming a construction pattern of the future and complete substitution for the present conservative approach?”

Of course! Otherwise, what’s the point of launching the platform on this scale?!

Anyway, we invite you to take part and reflect on the platform on the discussion page of our partner across the South Asian region https://www.linkedin.com/feed/update/urn:li:activity:6382848394922156032/ and study for yourself available information and documents around our web resources: website — https://bitrent.io, code repository on GitHub — https://github.com/bitrent, social networks — Facebook https://www.facebook.com/bitrentplatform, Telegram https://t.me/bitrentio and blog — Medium https://medium.com/@bitrent

Ask questions and comment the news — our feedback helps us to make the BitRent product better. We’re here to give the construction market a breath of fresh air — everyone of you can take active part in this endeavor!

Are you ready? Then follow this link and buy RNTB tokens — we have less than 20% left http://tokensale.bitrent.io/en

It is very inspiring that the project is integrated into Dubai companies. I think this is a very promising place to start the project. Certainly, that other regions are also very important, and probably will be able to show themselves on the best side.

They are quite busy in doing things in various areas and talking less here which gives impression of silence sometimes. This is normal to see less communication when development and partnerships phase come in life of any project. This upcoming conference in Moscow will bring this in light again which everyone was expecting and awaiting.

BitRent is in India Now



Our official representative in India, mister Thatavarti, invites his LinkedIn community to learn more about RNTB token and the advantages of the BitRent platform.

Are India and Dubai based companies ready to adopt the BitRent platform as the main construction platform?

To find the answer to this and many other questions check out our website https://bitrent.io, GitHub https://github.com/bitrent, social media pages
Facebook https://www.facebook.com/bitrentplatform, Telegram https://t.me/bitrentio and blog Medium https://medium.com/@bitrent!

BitRent Speaks about Effective Blockchain at the First Event of Cryptonomics Capital Fund in 2018
27–28th March, Moscow
With the participation of founders and top managers of the fund, Vadim Dashut, BitRent managing partner, will be presenting the BitRent project in the course of the event. His mission is to share about effective ways of building successful business models on Blockchain.

Due to the fact that the main focus of the event is on building large business companies as part of cooperation with the fund, the experience of the leading expert of the BitRent investment platform will be very much to the point.

Special guest of the event will be Anar Babaev — one of ICOBOX cofounders.

Join us, we’ll have lots of interesting stuff!

Meet us 27th March at 11 am at “Korston” hotel, Kosygina Street 15, Moscow

I think that after implementation, this project can be very popular. Digital technologies in global industry, this niche that has not yet been filled with block chain technology. Such use of technology requires high level of expertise in their field of activity, and as a result, the output of quality service. I have the impression that the team has chosen the right vector of actions, in the search for stakeholders, where this project is most in demand.

That's also what I thought and understood from their activity here in the thread some time ago. The project is frequently pitched and presented to several audiences. Not really silence.

While Bitcoin keeps falling, BitRent reinforces positions with new experts



World-class blockchain leader has recently joined our team. The BitRent company signed a partnership agreement with mister RadhaKrishna Thatavarti.
Mister Thatavarti represents Global Blockchain Pioneers Association as a chairman and leading blockchain expert.

For more than 10 years, RadhaKrishna has been working in FinTech area. He has a firm belief that digital transformation of global industries is a key to success.

Welcome, mister Thatavarti!

I do not think there's a silence here. The project was presented to many influential and interested persons. I think that the project will maintain a good pace of development.

As for the RFID market. Is it growing now? At what stage is the market now? How reliable and promising is this technology?

it is a pity that there is silence. because now there are few similar projects and I was very interested in this topic. real estate is always relevant

In this case, there will be no monopoly of procurement, which could have had a significant impact in the future. It is very good. Thus, the distribution will be evenly distributed.

I like the solutions they suggest to businessmen, because a complete blockchain based business is a future! Smart contracts will be wide-used very soon

As I understand it, no one answers questions here? If yes then tell me please whether the holders of your tokens will have their own private office, where will they see all the projects? and when you can see the beta version of the site?

Very convenient!I recommend everyone to cooperate with this campaign!!!An excellent website with technical specifications for a huge number of products!!!

Still available!) Click here http://tokensale.bitrent.io/en

Today is March 18! Still have the ability to buy the project tokens? Heard that a lot of excitement over them.

The peculiarity is that the sale is carried out according to the formula, that limits the possibility of one purchase. This will provide the maximum circulation.