What REIDAO is All About
Digital Copy of Real Estate
Darvin Kurniawan (Founder & CEO)

Announcement Update 1 Dec 2017:
REIDAO has been hard at work for the past 1.5 years to create digital assets/tokens that are backed by real assets. Along the way we realized that there are a few challenges that might not be appropriate at this point of time to be addressed head on (we will publish a separate post outlining our reasoning on this). Because of that we structured our overall offering so that it will still work within the current regulatory boundaries and at the same time still achieve our goal to create tokens that have a link to real world value.

Introducing Crowdvilla (www.crowdvilla.io) as a Non-Profit Organization structure based in Singapore to operate a community-owned network of real estate which is going to be utilized as holiday homes (short term accommodations). For more information: www.crowdvilla.io/whitepaper.pdf
We will revisit our original real estate tokenization effort when the environment is conducive enough for us to make a real difference! Thank you so much for your support so far.
It seems to us that there is quite a fundamental misunderstanding on what we are really doing with REIDAO. We want to once again highlight the crux of what we are building — property tokenization — so that we can realign our vision with what is expected of us.
The first thing people have in their mind when they read about REIDAO is usually this: property investment; While that is not wrong, that is just a fraction of what we set out to do.
Property tokenization is all about making programmable property, so that this property can be used in other smart contract based services. Others have mentioned Bitcoin as programmable money, we aim to do the same with properties.

Sure in the end the property tokens can be used as part of investment services and offerings such as property crowdfunding, or blockchain-based REIT setup, but there are also myriad other possible services. Some of our favorites are:
- Smart-contract based will writing services
We can already program money and thus create a will that execute to distribute money upon a certain condition being fulfilled. With property tokens we can now include properties in such will. - Collateralized cryptocurrency loan services
As it is right now your property can only be used as a collateral for a loan made to existing real world financial institution. With property tokens we can expand the inclusion of such collateral to a smart contract based loan agreement without interference of an outside party.
Of course all these services will require their own licenses to operate within the jurisdiction that they are established in. It might not happen now, but we can see the progress that have been made so far in the space. We want to be ready when they are.
Best of all, it doesn’t need to be REIDAO who in the end operates all these services, in fact we want to work together with YOU if you have a particular business idea/use case that utilized property tokens.
Email us at connect@reidao.io if you want to get in touch. We’d love suggestions, thoughts, or praises (this we love best).
More communication channels:
- Twitter: https://twitter.com/REIDAOio
- Telegram: https://t.me/reidao
- Rocket Chat: https://chat.reidao.io
- Reddit: https://reddit.com/r/REIDAO
