BenchCoin Marketplace Scalability
BenchCoin: From The White Papers, Clip 5
BenchCoin Project will focus on building a highly scalable real estate investment enterprise. From our Premium Student Dedicated Aparment developments to our Digital Student Property Marketplace, “Scalability” is at the forefront of our strategic planning.
We believe our unique ability to scale quickly makes BenchCoin project a rare high growth opportunity within the real estate industry.
What is ‘Scalability’
First of all, what is ‘Scalability’? As defined by Investopedia.com, Scalability is a characteristic of a system, model or function that describes its capability to cope and perform under an increased or expanding workload. A system that scales well will be able to maintain or even increase its level of performance or efficiency when tested by larger operational demands. In financial markets, scalability refers to financial institutions’ ability to handle increased demands; in the corporate environment, a scalable company is one that can maintain or improve profit margins while sales volume increases.
Scalability is a company’s ability to grow without being hampered by its structure or available resources.
Firstly, our “Student Dedicated Aparment Cluster” strategy is to develop multi-use bank certified apartments in buildings consisting of 8–12 apartments each. This allows us to outsource to unlimited developers at the same time, reducing finishing times. If we were building “Student Pods” (similar to large hotel structures), our development time would be affected by the developers ability to complete the project (apart from regulatory confinements).
Our Digital Student Property Marketplace is a fully digital enterprise which is highly scalable from a single student pod unit to unlimited commercial real estate properties. We believe a driving success of our enterprise will come from our ability to fully scale our marketplace to the needs of our buyers and sellers in harmony.
Investors love to put money into projects that are ready to scale.
BenchCoin strives to be an optimal efficiency “turn-key” business by making use of blockchain and IoT technology. One of our main goals is to create a highly automated digital enterprise with an open management business model.
Blockchain technology’s open and immutable ledger provides the ability to disrupt current business models, allowing for open information & trustless management systems. Automation can be a game changer for small business allowing for more efficient business processes resulting in greater profitability.
Sales on online marketplaces cross $1 trillion in 2016 — “Online Marketplaces: A Global Phenomenon,” — Internet Retailer
Applying blockchain and smart contract technology to real estate can result in the digitisation (or “tokenisation”) of physical assets (i.e. “Tokenised Real Estate”).
Blockchain technology also allows for the implementation of a decentralized P2P marketplace, which has less friction at the center than traditional marketplaces. This system provides greater power and benefits at the edges than at the center. Increased efficiency lowers user cost while a trustless system increases protection against fraud.
BenchCoin Project will implement blockchain and IoT technologies to achieve the following;
- Smart Buildings w/ IoT Technology
- Open Information & Open Management Business Model
- Digital Real Estate Platform (Property Tokenisation)
- Decentralised P2P Property Token Exchange
What’s up next…
In the next part of our series, “BenchCoin: From The White Papers”, we will look at two key words — Democratising & Disrupting — and discuss how these 2 simple words are changing the student property market.
BenchCoin Project on Medium: From The White Papers
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