AssetTrade

• 

  connecting wallet for users

• 

  user registration

• 

  check status of owned assets

• 

  request to list assets

• 

  request property upload

• 

  approves users (inspectors task)

• 

  buys or invest in assets

• 

  view listed tokens

• 

  requests fractional ownership

• 

  approves asset listing (inspectors task)

Inspiration

The inspiration came from owning assets in real life like physical assets land, gold, etc...I thought how about I create a decentralized that creates ownership for all the digital assets and physical assets and create fractional ownership so there won't be any fake identity thefts of these assets and also since it's decentralized there will be records of every transaction that took place over an asset which avoids several issues.

What it does

This project aims to create a decentralized application for property management through tokenization using ERC-20 (Fungible tokens) on the Ethereum blockchain. Each property or asset is assigned with tokens of the asset's worth which indicates the ownership of the asset, these tokens can be sold as required creating a fractional ownership between customers, a decentralized asset exchange platform.

How we built it

I built it using the Ethereum blockchain with ERC-20 tokens, writing the smart contract with the help of Solidity, and integrated it into a react+vite with a tailwind CSS frontend using the EtherJS library. For the testnet tokens, I used a sepolia faucet.

Challenges we ran into

Challenges were how to supply tokens and how effective the access control should be done, which is solved by creating Inspectors who were given specific tasks of monitoring the users and assets. The token supply is done with two types a)value-based and b) liquid-based which is still under improvement and research using uniswap liquidity pools.

Accomplishments that we're proud of

My major accomplishment was finding a way to dynamically produce tokens but still, it's in working but had a current solution for creating 2 token types to supply and also the access control mechanism and a good optimized contract.

What we learned

Learned how decentralization works and how it is better than centralized systems, having a hyper ledger will avoid several issues and this project can be expanded with other technologies which all together can bring a greater impact in the real estate industry and make it all digitalized in the future solving the third party issues and can be done in a peer-to-peer way.

What's next for AssetTrade

The next improvement is to bring AI-ML to this to scan the legal documents or proofs to check if they are real or fake with existing data for old registered assets and also a dynamic way to release tokens to the assets on approval for an increase in asset registration into the platform which is still in works.

Built With

• blockchain
• ethereum
• etherjs
• hyperledger
• react
• smart-contracts
• solidity
• tailwind
• vite