DeReit

#chainlink-hackathon

DeReit

DeReit is a decentralized platform for buying real estate properties via the Ethereum blockchain. It allows investors to diversify their exposure to the real estate market with low capital and minimum risk.

DeReit grabs the real estate related data from the outside world and feeds the data in the smart contract with the help of external adapters
https://github.com/SagarBehara13/realEstate-adaptar The external Adapter that feeds the data.
DeReit calculates the amount of tokens generation on the basis of real estate properties surface area.
Tokens minted can be bought and the bought addresses are termed as shareholders.
On the basis of a share(token) possessed by the user, The monthly rent is distributed to the users.
DeReit has a user interface to mint, buy, view the tokenized property.
https://github.com/adamazad/dereit-web The frontend for DeReit.

Challenges we faced

It's not easy to find real estate data as per the requirement.
So we made our own API server that stores data on the cloud and deployed it on Heroku.
We made an external adapter that grabs data from the server and asked a chainlink node operator to host our adapter.
Once the adapter and API server were in place the chainlink request was not responding on the truffle.
Finally the dapp were seamlessly working in the remix editor.