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FAF Opens A New Experience In Global Real Estate And Tourism! - Investment - Nairaland

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FAF Opens A New Experience In Global Real Estate And Tourism! by tongzhengshijie: 3:35am On May 17, 2019
Do you want to take advantage of the holiday to travel abroad? And you don’t know how to choose in the face of dazzling journey routes and playbooks.

Do you want to buy enamored exotic property? But because of the market conditions and purchase procedures, it is difficult to start?

Do you believe that these difficulties can be solved perfectly by blockchain technologies? FAF (First Assets Financial) is hotly attacking , so that exotic real estate and tourism is no longer a dream!
In view of the high intermediaries commissions, the high credit of middlemen, the difficulty in distinguishing high-quality content, and the conflicts in the trading process in the real estate industry. Base on the fourth generation of blockchain technology and concepts, FAF (First Assets Financial) will establish a decentralized global real estate and tourism platform to create a more efficient, transparent, credible and self-driving real estate and tourism ecosystem.

Although the features of blockchain technology, such as decentralization, distributed ledgers and smart contracts, are naturally suitable for improving the chaos of real estate tourism, the FAF (First Assets Financial) still has its own unique advantages:

1. Address the bilateral credit problems between the consumers and the tourism service providers

The FAF platform uses the features of a blockchain information, such as that it cannot be tampered with, openness and transparency, and the support of smart contracts to create a new integrity mechanism. Any bad behavior will be recorded by the blockchain, forcing practitioners and related service providers to serve in good faith. A large number of deviations from the credit principle are addressed on the open and transparent blockchain, solving the bilateral credit problems between consumers and service providers.

2. Solve the problem of information asymmetry and information fraud

FAF (First Assets Financial) solves the problem of information asymmetry and information fraud based on the features of blockchain that it can’t be tampered with and it is transparent. The feature that blockchain information cannot be duplicated multiple times maintains the uniqueness of information, and each node synchronously accepts and releases the information to ensure the security of the information. When a new trust mechanism is established, the black tourism and real estate intermediary platforms will no longer exist, and the incident of transaction of "bluff and deceive" will also be wiped out.

3. High degree of autonomy

FAF (First Assets Financial) uses blockchain that based on consensus specifications and protocols (such as a set of open and transparent algorithms) to enable all nodes in the entire system to exchange data freely and securely in a trusted environment, making the trust in "people" changed into trust in the machine, any human intervention does not work.

4. Information reliability

On the FAF platform, once the information is verified and added to the blockchain, it will be stored permanently. Unless it can control more than 51 nodes in the system at the same time, the modification of the database on a single node is invalid. As a result, data stability and reliability are extremely high, which is lacking in the traditional OTA.

5. Information security and assurance

On the FAF platform, third parties can only see some information such as the time and quantity of transactions on the blockchain, but they cannot see the information of both parties to the transaction. Therefore, both parties to the transaction can trade with confidence without worrying about exposing any of their private information, which will solve the problem that the privacy of users in traditional OTA is not guaranteed.

The services in FAF include hotel reservations, ticket reservations, scenic spot reservations, car rental reservations, social sharing, house property reservations, real estate transactions, investment immigration, and resource sharing. They provide more than a dozen projects, such as North American study tours, overseas livability, purchase of real estate, chartered cars and self-driving travelling, etc., and provide intelligent and digital services based on various scenarios such as sightseeing tours, honeymoon weddings, and official business visits.
FAF (First Assets Financial) uses blockchain technology to can directly interact with tourists, buyers and service providers, thereby eliminating reliance on intermediaries, resulting in higher quality products and lower prices, increasing supplier's responsibility for products.

In the ecological world of real estate and tourism of FAF, from traveling to buying a house, from buying a house to selling a house, from eating and drinking to entertainment, from delicacy to shopping, from leisure and entertainment to residential accommodation, diversified functions are integrated, for all participants of real estate and tourism - whether it is Home buyer Or Traveler, it brings a brand new revolution.

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