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8th Edition Global Blockchain Congress
November 8, 2021, Dubai, United Arab Emirates
8th Edition Global Blockchain Congress
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Aqarchain Real Estate tokenization journey
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About speaker

Waqas Nakhwa
Co-Founder & CEO at Aqar Chain

Experienced Professional with a demonstrated history of working in the Internet industry. Skilled in E-commerce, Negotiation, Customer Service, Business Development & Sales, and Entrepreneurship. Strong professional with a Master of Business Administration (MBA) focused in Finance and Engineering Degree in Electronics and Telecommunications. Over the years has worked in varied industries from E-commerce, Banking, Telecom and Real Estate to demonstrate core leadership qualities with utmost professionalism and career growth. Certified Islamic Banking Professional, Salesforce Admin and Green Belt in Lean Six Sigma are some of the certifications that have been achieved during the career.

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A gigantic future blocton Summit. We did our first launch of the marketplace which was the real estate listing platform for fractional ownership and the decentralized marketplace going ahead. Just give you a brief or rather going ahead and starting up and I'm just talkin about the journey that we had driven into the space for the last 2 years developing the actual real estate tokenization platform, but however, the journey has acted is because why we entered into the space. Why we came into the space of a Clipper, lock everything with

the real estate on blockchain problem, areas that we focused or are they found in the arms of the developing of the real estate application? Was that, you know, that there are too many people that were involved. You have Brokers, you have agents who have property dealers. You have the buyer, or the seller, the lawyer, the banker. I mean, they're too many people involved in as a particular single transaction. The transaction time is very high. I mean, you don't close transactions in one day. You don't go son's actions and sometimes in a week or a month as well, so that there's a very high

level of transaction. Time is Godfather, real estate living in different countries. Transferring money from across the globe. Again, every jurisdiction has its own. Set of rules are own type of timeline own set of instructions. So again. That's that's, that's a pretty much more of a pain area is well payments. Again, what type of payments to be accepted in certain jurisdictions? Party payments are not allowed in. The buyer has to have a little, a little bank account

so I can Security in terms of people that you're dealing with in terms of transparency and Trust whom to trust and who not to trust. And one Mason factors that when you actually buy a real estate, I said, most of the times your decisions are influenced by the broker's, all the agent because they're selling and they're doing the job. So again, sometimes these institutional investors are picking up the major deal closed and you really don't have any investors not as a particular buyer, but as an investor access to the real

promising, these laws are not available on the retail segment. All we came up with a solution with a car Shane and The three main factors that we actually in a size 1 in terms of what needs to be done when we are launching. Our car was actually digitize, the real estate. When I say this because this was the only industry which was actually not digitized. Because the only thing that you would see, in terms of digital aspects was a listing of the property. Everything else, like from buying selling documentation

everything, still today happens on a manual, laborer paperwork, and it takes a lot of effort and time. And again, the same problem areas. I know it's supposed to actually connecting the buyer and the seller on the same plan, on making it more than happy to pee and then again is actually giving access to little deal close. Is when you're actually able to give back to her ownership to the fractional. Ownership part is where again, Connecting multiple buyers at you to go ahead and come and combine and actually buy into a center Properties.

Real Estate. And this is the important part relies on using a process digital assets. People can actually buy into these properties and actually owned shares as simple as buying a shed on the stock market. It's, it's, it's buying a property. Again, now they're getting into this more. Why why would someone actually would want to have their property actually on a couch and or have their property on this? Because again, it's easy access to liquidity plus, fractional ownership,

provide more liquid into the into the industry into the sector into the segment as well. Start finding the evolving stages, buying properties with friends, family relatives, but at the same time he has actually buy Properties or other combine ourselves with people that we don't know. So that's that's the And obviously, you're mitigating. The risk is because your desk is very limited in in in this early stage. And actually this was actually solve the long-term problem of actually inheritance Partnerships and gifts and everything. So basically we're trying to

actually create a cumbersome approach towards having a having, a real-time solution know why. Actually a question is, because we provide, I mean, like I said, accessibility in terms of everything happens on a single platform, everything happens when a click-of-a button, everything happens in the single window itself. Freedom is because you're not locked in. You don't have, you don't have to actually be looking into an investment scheme. You don't have to be logged in into a property's property investment scheme where you don't have the

opportunity to exit. So it's really hard time. Exit at any time. Diversity is Cuz we have from affordable segments to the ultra-luxury segments, retail hospitality and Commercial as well. Is this video playable? Is this video player? I think this go ahead in the numbers. Now. I have a smoke with you, but I don't I think it's not a problem. Anyways, I says right now, 3000, broken and dealer Network about a hundred million dollars. Worth of property is actually already secured and

we're looking at a $500 Target for the next water. Know. This is the real world. This is the real thing that we're actually actually promoting and actually releasing today as well. Is, there is the matter of us. Where is a DVD part of the application as well? Wear in when you buy a property asset in the real world, or when you buy a fraction or a full property in the real world, you're getting an access to the similar amount of property that you bite into the virtual world. So it's a matter of hours of real estate land where you

have an access which is like a digital twin to the real world real estate. When you when you buy when you buy a real world assets and you get there. You can actually we have a game if I'd approach to it where you can actually really good. I can I buy acid and you can populate the land and population of the line actually happens where it is. If it's on, it's on you beautiful, your line based on your dreams based on your choices, based on your imagination

and your imagination. I mean, there's no there's no limitation to your imagination. So you can actually go to the extent of creating whatever you think that can be possible within your imagination. So once you buy a Visa, some of the properties that are already listed on, on the platform designed available to actually buy. When you buy these properties, you can come and apply for Monday at 5 o clock on my like she claimed that he claimed the virtual land and empty on the platform and then Porter, go ahead and actually populate and use the assets on the platform to

populate and create a beautiful and a few outfits. Which one learns? I mean will be will be opening many lines in future as well. Currently, we have one parcel of land which is actually being open and which is going to be unlocked and available-for-sale. So as soon as you buy actually the real well this word for land is actually available for you to actually broke. And why exactly? When we were talking about this because he had Garland nft is actually Max to the real world. So if you're buying about a hundred

square feet or let someone share is equivalent to 1 square feet in a property and you buy hundred square feet in the real world, you're getting equal 1 800 square feet in the word for land. This land. This land is actually be looking at our Partnerships with a lot of gaming application, where you would be able to import these lines into this gaming application. Also looking at selling them on the open, open NFC trade market places as well. So in a nutshell, this is what a cartoon. Is. We have two aspects to it. When is the tokenization aspect? And the other is the matter was, well, we

creating a virtual line for the map of Israel and as well, so this is this is it, I think, So, yes, thank you. Thank you very much. Now, we get to change your format. We're going to be a coffee break and networking session.

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