Crowdvilla is a social use case on the blockchain. It is set up as a Non Profit Organisation based in Singapore. It aims to create a community estate of holiday properties, for which the community (token holders) can very flexibly true-share the properties forever. That's said it also has real world commercial value. REIDAO is the technology sponsor to Crowdvilla and other future decentralised true-sharing projects. Illustration: Suppose you and I are trusted friends, we can buy a villa together in Ibiza, and agree that each of us will have 6 months of use every year. When we are using these 6 months we do NOT pay any rent. Through the blockchain we scale this up to thousands of people (removing the trust needed in the set up) and to thousands of properties globally. Creating a TRUE sharing economy model in which the properties are indirectly owned by the token holders (community).Other Platform Real estate Tourism
Crowdvilla aims to provide true sharing of its global portfolio of hotels and holiday properties on the blockchain. Based on the concept of the common good, Crowdvilla’s community pool their resources to acquire properties together for their shared use.
The portfolio would ideally occupy the casual luxury segment that has broad appeal to internationally mobile businesses and holiday travellers.
Crowdvilla will operate as a non-profit organisation (NPO) which combines blockchain technology and real estate tokenization to provide attractive key features to its community and users.
Crowdvilla is a member of the accommodation segment of the travel and tourism industry (T&T), which is a behemoth of the global economy. According to the World Travel & Tourism Council2 (WTTC), the T&T sector had a global GDP impact of US$7.6 trillion in 2016, of which about one-third (US$2.3 trillion) was its direct contribution. The World Bank3 data shows that international tourism receipts have already increased by around 30% from US$1.1 trillion in 2010 to US$1.4 trillion in 2015.
Real estate tokenization project announced (REIDAO)
Expansion to Crowdvilla, tokenizing shared holiday homes
Crowdvilla structure validation (legal)
Crowdvilla (CRV) token sale
Start property acquisitions
Establish jurisdictional operation structure
Crowdvilla apartment booking beta launch
|Price in ICO||1 CRV = 0.00025 ETH|