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Blockchain Solution for Real Estate Infrastructure Provider

Blockchain Solution for Real Estate Infrastructure Provider

About Customer

The customer is a leading consultant in the real estate infrastructure domain situated in the Netherlands. Alongside partners, construct and operate buildings and structures on behalf of customers. It brings group employees into contact with start-ups so that they can design and construct innovative project together, such as the offices and homes of the future, new construction process and sustainable neighborhoods. Customer focused on smart cities emphasize pollution reduction, safety, mobility and the transition to sustainable energy for well-being of their citizens.

Challenge

Customers' need coin distribution function works based on the area stored in the specified user's account. A function for storing energy, receive energy & transfer energy to specific users. A function for users to purchase energy by use of coins within a specified building. Smart functionalities for energy management in a sharing economy, dynamic charges calculation & observe usages in real exploitation conditions to shape the roles of each actor and design the technological roadmap.

Solution

iFour Technolab Pvt. Ltd. a leading

custom Blockchain development companies in India

developed a robust and reliable system for the customer. There are following features in system module:
  • Robust and reliable “Coin Distribution and Transfer Function” handles the distribution of coins among all users, calculation & transfer of coins between users for the purchase of energy.
  • “Energy Transfer Module” consists of a

    smart contract

    function for storing usage and source of energy generated by the user to their wallet address.
  • "Coin Distribution" smart contract function that transfers some amount of coin to a given user.
  • “Bonus Function” this functionality is to receive saved energy in kWh.
  • "Validity of Coins" set the validity of coins in days after decided day coin value is discarded and can't be used anymore.
  • “Admin User Management Module” in this functionality admin can manage users in which new users can be added, edited or deleted.
  • “Property Manager” can add user, set invoice for the user, accept/reject coin request, transfer coin, set reward formula, set coin multiplier, see energy dashboard for every user, and see logs for every user.
  • “Resident/Commercial" property owner allows us to add, edit, delete their property.
  • “Tenant User” can view the invoice, add balance requests, accept/ reject the invoice, transfer balance, view changes made in the profile, view coin balance, access of energy dashboard and view their logs.
  • “Master Data Management” handles all records of energy transfer to users, all users and their recorded amount of coins transferred for energy purchase.

Technology Used

Type

Software

Frontend Programming Language

Mobile Application Ionic

Backend Programming Language

Node js

Database Management Server

MongoDB

Web Admin User &

Master Data Management MVC

Version Control

Github

Conclusion/Results

iFour Technolab Pvt. Ltd. developed a sustainable and reliable solution for customers to achieve sturdy and stable solutions for their needs, high efficiency in handling information, integrated and real-time availability of information, dynamic and accurate reporting and high customer satisfaction that ultimately results into reduction in costs, better reputation in the market.