Problem: Currently it is impossible to have a human like interaction with RWA.
The ODISEO network introduces a change in a paradigm for the digitalization and decentralized governance of Real-World Assets (RWAs) within the real estate domain. This white paper delineates a technological approach that bust a value creation during Real Estate development and ownership, harnessing the immutable ledger of blockchain technology alongside the data processing capabilities of Large Language Models (LLMs). In our approach, Blockchain serves as the backbone of the network, providing traceability, reliability, authenticity, and regulatory compliance for asset information, while LLM holds Building Information Modeling (BIM) related to the given asset.
In this design, blockchain ensures that every transaction and legal procedure is transparently and permanently recorded, and this way building a foundation of trust and security for all stakeholders involved. Transparency is a key benefit when it come to decentralization. At the same time ODISEO LLM makes possible human like interaction with RWAs whitelisted on ODISEO Network.
Note: Off-chain data integration points represent a potential point of failure and are discussed later within the paper.
In tandem, the ODISEO Network and RWA Expert Large Language Model serve as a dynamic repository of voluminous RWAs data inherent in BIM. The fine tuned Falcon 180B LLM, specifically tuned with DAODISEO learning process, is employed to assimilate, manage, and intelligently interact with BIM data, thus enabling a more nuanced and accessible understanding of RWA data on-chain. This integration of RWA on blockchain and AI not only streamlines complex data sets into actionable insights but also propels the efficiency of the real estate development process. The white paper further explores how the ODISEO Network's innovative use of smart contracts automates RWA price discovery, ownership transfers as well as use of RWA whitelisted on chain as a collateral for borrowing / lending within the protocol. ODISEO Network uses dual-token system of fungible governance & utility token ODIS and Non-fungible GAIA (BIM) NFTs like tokens that represent shares in a Special Propose Vehicle (Legal Entity) that holds and mange RWA whitelisted on ODISEO Network. This approach introduces a novel economic framework for RWA transactional operations and ownership representation. DAODISEO's vision extends to fostering a new decentralized model of real estate development that is equitable, transparent, and optimized for the future. ODISEO Network is designed to mitigate risks such as fraud and mismanagement and to promote a sustainable, investor-friendly environment.
1. Introduction
2. The Blockchain Revolution in Real Estate
3. Role of Large Language Models in RWA
4. The ODISEO Network Architecture
5. Digitalization of Real-World Assets
6. Smart Contracts and Process Automation
7. The Dual-Token Economy of ODISEO
8. Stakeholder Engagement and Network Governance
9. Risk Management and Security
10. The Future of Real Estate Development
11. Investor Relations and Market Potential
12. Case Studies and Pilot Projects
13. Challenges and Opportunities
14. Conclusion
Appendices
The global real estate market, a bastion of economic wealth, has traditionally operated within a framework that has prioritized stability over innovation. This has led to entrenched inefficiencies and a notable opacity, creating a landscape where the potential for technological integration and process optimization remains largely untapped. In a world where digital transformation is reshaping industries, the real estate sector's reticence to embrace change has introduced a spectrum of systemic challenges that hamper agility and progress.
The ODISEO Network is born from a strategic collaboration that brings together the expertise of Real Estate Subject Matter Experts, seasoned Business Consultants, and pioneers from the world of decentralized autonomous organizations (DAOs). This alliance is poised to dismantle the barriers to modernization by creating a nexus between traditional real estate acumen and the revolutionary potential of decentralized governance.
Going beyond the mere adoption of technology, DAODISEO is a manifesto for change, grounded in a belief that the future of real estate lies in a harmonious blend of reliable data, human like interaction with assets, and a participatory governance model. The Cosmos blockchain technology, with its interoperable SDK, provides the architectural skeleton for this vision proven by giants like Binance with it's Binance Smart Chain built with Cosmos Tech Stack. Meanwhile, the Falcon 180B AI serves as the central nervous system, interpreting and managing the intricate layers of data that encapsulate the full breadth of an asset's lifecycle within the Building Information Modeling (BIM) framework.
In our solution BIM methodology is not just an operational tool; it is a transformative force. By embracing a model that captures the intricate details of an asset's lifecycle, DAODISEO facilitates a reimagining of asset development and management. It ensures that from the earliest planning stages to the final phases of development, every decision is informed, every risk is assessed, and the strategic direction is clear and cohesive.
The real estate ecosystem that DAODISEO envisions is one where transparency and efficiency are the cornerstones of every transaction and development project. The indelible nature of blockchain's ledger ensures that trust is not just promised, but inherently delivered. It bridges the historical divide created by asymmetric information and fragmented data standards, paving the way for a future where real estate transactions are as fluid and reliable as those in more digitally mature sectors.
The DAODISEO network's promise extends into the domain of LLMs, where the Falcon 180B not only stores and processes data but anticipates and learns from it, offering predictive insights that redefine asset management. This intelligent interplay between robust data structures and AI analytics is what sets the stage for a truly decentralized Real-World Asset (RWA) development methodology.
As this white paper unfolds, we will delve deeper into the DAODISEO network's innovative architecture, the symbiotic relationship between blockchain and AI, and the unprecedented ways our comprehensive BIM strategy will revolutionize the future of the real estate industry.
The idea of integrating BIM data with LLMs is part of broader research interests in leveraging AI to enhance the AEC industry's capabilities, including optimizing building design, improving construction management, and facilitating operations and maintenance.
However, there are a few considerations and challenges in such an endeavor:
Data Complexity and Volume: BIM files can be extremely large and complex, incorporating vast amounts of data across various dimensions (3D models plus time, cost, and operational data). An LLM would need to be specifically designed or adapted to interpret this structured data effectively.
Interoperability and Standardization: There's a challenge in ensuring that the data from BIM systems, often stored in proprietary formats or standards like Industry Foundation Classes (IFC), can be seamlessly imported into and understood by an LLM. This requires sophisticated parsing and interpretation mechanisms.
Use Cases and Applications: The potential applications of integrating BIM with LLMs could be vast, from generating detailed reports and analytics to providing predictive insights for maintenance and operations. This potential could be unlocked by offering service for wide range of use cases for RWAs that are planned for digitization and integrations with DeFi.
Privacy and Security: BIM data often includes sensitive information about buildings and their occupants. Any experiment involving loading this data into an LLM must address privacy and security considerations, ensuring that the data is handled and processed in compliance with relevant regulations and standards.
The concept of Real-World Asset (RWA) digitalization in the real estate sector is rife with complexities that stem from the tangible nature of these assets and the intricate web of stakeholders involved in their lifecycle. The path to transforming physical assets into digital formats is beset by a myriad of challenges that the ODISEO network seeks to address. The main challenge is to address needs of the complex network of individuals, groups, or organizations that are involved in, affected by, or have an interest in a particular project, policy, or business venture and are impacting the RWA and it's Digital Twin. In the context of real estate or a project like the ODISEO network, this include:
Each stakeholder has distinct roles, interests, responsibilities, and levels of influence, and their interactions can be complex due to their differing objectives and the need for coordination among them. Managing the intricate web of stakeholders is a endemic challenge, but other challenges are representing non less burning issues for the industry.
All Stakeholders belong to the 1 of 7 Groups of Interests:
Other challenges:
Data Fragmentation and Inaccessibility: One of the foremost hurdles is the fragmentation of data across various platforms and institutions. Critical information pertaining to RWAs is often siloed within traditional BIM DBs in the best of the cases, different entities such as government registries, construction companies, and financial institutions, making accessibility and aggregation a significant challenge.
Standardization: Unlike digital-native assets, RWAs suffer from a lack of standardization. From legal documentation to architectural plans, each asset is a unique amalgamation of specifications and agreements. Establishing a common framework that can encapsulate this diversity in a standardized, digital form requires an innovative approach that transcends traditional boundaries.
Verification and Trust: Ensuring the authenticity and provenance of RWA-related information is paramount. The verification processes for these assets must be foolproof to maintain trust among all parties. However, current systems are often cumbersome, prone to human error, and susceptible to fraud, which undermines confidence and hinders transactional fluidity.
Regulatory Compliance: Real estate is one of the most heavily regulated sectors, with compliance requirements varying dramatically across jurisdictions. Digitalizing RWAs necessitates a system that not only understands and adheres to these regulations but also dynamically adapts to changes in the legal landscape.
Stakeholder Coordination: A multitude of stakeholders are engaged in the lifecycle of an RWA, each with their own objectives and systems of record. Coordinating among these parties digitally requires a platform that can seamlessly integrate disparate systems, manage complex interactions, and facilitate consensus.
Lifecycle Management: RWAs go through a comprehensive lifecycle from development to sale, and beyond. Digitally managing this lifecycle while capturing all the nuances of the development process, financial transactions, and ownership changes is a task of herculean proportions, further complicated by the need for ongoing maintenance and management data.
The digitalization of RWAs is not merely a process of converting physical records into digital files. It is about creating a living digital ecosystem that mirrors the multifaceted reality of real estate assets. The challenges are as diverse as the opportunities they present, and addressing them requires a novel approach that leverages cutting-edge technology and a deep understanding of the real estate domain. The subsequent section, "The DAODISEO Solution," outlines how the ODISEO network is engineered to transform these challenges into a blueprint for the digital future of real estate.
ODISEO Network make possible a Non-Fungible Digital Twin Assets featuring an on-chain traceability of Building Information Modeling (BIM) events used for machine learning process on top of Large Language Model (LLM) optimized for Real-World Asset (RWA) Development Processes, and meticulously calibrated with RWA Data and historical development records. Many of the bottlenecks of AI can be effectively overcome by combining the two technologies [1-2]. AI relies on data to learn, infer, and make decisions. AI works better and more accurately when it learns from a secure, trusted data repository. Meanwhile, as a distributed ledger, blockchain data can be transacted and stored in a way that is cryptographically signed, verified, and consented to by participating nodes. Therefore, blockchain data has high security and integrity. Then, blockchain can create a highly secure, trusted, decentralized system for highly sensitive information in AI. By integrating on-chain data with LLM-enhanced BIM content, the ODISEO network facilitates a multifaceted approach to RWA management that significantly benefits all stakeholders involved in the asset's lifecycle. This fusion of technologies ensures that detailed, accurate, and real-time information is readily accessible, leading to a more streamlined and efficient development process.
Questions like the below will be possible:
1.3.1 Standard Software leveraged
The Interchain is a network of interoperable blockchains built on BFT consensus (IBC, Cosmos SDK & Ignite Functionalities)
Open BIM Role
openBIM extends the benefits of BIM (Building Information Modeling) by improving the accessibility, usability, management and sustainability of digital data in the built asset industry. At its core, openBIM is a collaborative process that is vendor neutral. openBIM processes can be defined as sharable project information that supports seamless collaboration for all project participants. openBIM facilitates interoperability to benefit projects and assets throughout their lifecycle.
openBIM empowers stakeholders to develop new ways of working by transforming traditional peer-to-peer work processes. By breaking down data silos, openBIM® can greatly improve project delivery and asset performance. Firms that adopt an openBIM® approach develop cross-party collaboration, enhanced communication and industry standard exchange methodologies. This delivers better project outcomes, greater predictability, improved performance and increased safety with reduced risk.
Throughout the whole lifecycle of an asset, openBIM helps connect people, processes and data to achieve asset delivery, operation and maintenance goals. openBIM plus seamless digital workflows make critical project information accessible to participants on a timely basis to support decision-making through various phases of the project from inception to hand-over to refurbishment and even demolition. openBIM removes the traditional problem of BIM data that is typically constrained by proprietary vendor data formats, by discipline or by the phase of a project.
By adhering to international standards and working procedures, openBIM® extends the breadth and depth of the use of BIM by creating common alignment and language. Technical applications developed for openBIM® improve the management of data and eliminate disconnected workflows. Independent quality benchmarks ensure reliable open data exchanges.
openBIM permits digital workflows based on vendor-neutral formats such as IFC, BCF, COBie, CityGML, gbXML, etc...
openBIM enables an accessible digital twin which provides the core foundation to a long-term data strategy for built assets. This provides better sustainability for projects and for more efficient management of the built environment.
The principles of openBIM recognise that:
The benefits for the built asset industry are that:
Falcon LLM
Falcon 180B is a super-powerful language model with 180 billion parameters, trained on 3.5 trillion tokens. It's currently at the top of the Hugging Face Leaderboard for pre-trained Open Large Language Models and is available for both research and commercial use..
This model performs exceptionally well in various tasks like reasoning, coding, proficiency, and knowledge tests, even beating competitors like Meta's LLaMA 2.
Among closed source models, it ranks just behind OpenAI's GPT 4, and performs on par with Google's PaLM 2 Large, which powers Bard, despite being half the size of the model.
1.3.2 Asset Module:
1.3.3 RWA Smart Contracts:
Real Estate Smart Contract process starts with building relationship with the BROKER, who eventually is incentivized to bring a new RWA prospect which is progressively enriched with information as a result of interaction between a BROKER and DAODISEO AI Engine. When prospect is approved and new RWA is created on DAODISEO Blockchain, the asset become a contract visible to the rest of the community (e.g. potential BUYERS and existing LANDLORDS). Contracts can be bundled together in case they are part of the same Development Project and Mortgage Deal is drafted and made available to MORTGAGE BROKERS. Information is also distributed to INVESTORS & PROPERTY MANAGERS about updated financial positions of the system as well as new opportunities.
Methods:
MintAsset:
BROKER's involvement in RWA inception (Minting DAODISEO Eggs) in the context of Development Process:
Brokers are important as they bring Eggs to the DAODISEO basket:
Falcon takes care of the DAODISEO Eggs, by "thinking" across "7 Perspectives" that represent The Needs of the Main Real Estate Players. Falcon's "brain LLM" gets time dimension brought by Blockchain Consensus Engine, and BIM RWA Events Information triggered across 4 Phases of the On-chain Real Estate Due Diligence process. During the process Minter is assigning Weights to each combination of Perspective and Phase. Weighting across RE Development Phases are tied to Information Completeness, while keeping Perspectives balanced protect healthy pipeline of RWA managed on DAODISEO. Falcon is able to find additional content about provided RWA prospect from the internet. Falcons Brain operates with this structure in mind from now on while providing intelligence across all 7 perspectives.
jailAsset:
releaseAsset:
transferEquity:
transferLiability:
updateAssetValue:
changeStatus:
addBIMData:
recordBIMEvent:
generateReport:
These methods cover a wide range of functionalities, from basic asset management to more complex interactions involving BIM data and asset status changes.
1.3.4 Validators:
1.3.5. Databases:
1.3.6. Client Interface (Chat with LLM):
1.3.7 Integration of BIM into the Asset Structure:
BIM 0: Asset Overview
BIM 1: 3D (Three-Dimensional)
BIM 2: 4D (Time)
BIM 3: 5D (Cost)
BIM 4: 6D (Sustainability)
BIM 5: 7D (Facility Management)
BIM 6: 8D (Health and Safety)
BIM 7: 9D (Stakeholder Inputs)
BIM 8: 10D (Future Adaptability)
Additional Dimensions (if applicable):
DOLLY BULCHANDANI/OCTOBER 11, 2022/BIM SERVICE PROVIDER/BIM SERVICES
Visualizing the Master Structure:
Implementation Considerations:
BIM master structure provides a comprehensive and detailed framework for managing real estate assets, covering every aspect from basic design to long-term sustainability and adaptability. It's a living model that can evolve with the asset over time, offering invaluable insights and guidance for decision-making.
Dynamic Updates: As BIM events occur (e.g., a change in the construction phase or a sustainability upgrade), the corresponding RWA's accounts and BIM data will be updated on the blockchain, reflecting these changes in real-time.
Cerebras combines Wafer-Scale architecture with our innovative weight streaming technology to support massive models simply and easily, without complex hacks.
Erase the pain of distributed computing. Cerebras Clusters run strictly data-parallel, so you can distribute work across tens of millions of Cerebras cores with a single keystroke.
Powered by our weight streaming technology, Cerebras Wafer-Scale Clusters effortlessly deliver near-linear scaling to hundreds of nodes.
Build models that can reason over huge documents with native 50K context length support.
With native support for dynamic and unstructured sparsity at any level, you can train models up to 8x faster.
1.3.9 Visualization and Reporting:
ODISEO System Architecture:
ODISEO Network stands at the intersection of Real-World Assets Development (RWA) & Decentralized Governance. We are not just building new trust structures; we are crafting a legacy for others to follow. We desire for us, and make available for others an equilibrated eco-system that stands firmly upon existing RWA, and extending them to their Digital Twin Nature. Our pilot asset, "Arcardian Smart Village Project" is our pledge to a future where fairness, transparency, and enduring value form the bedrock of real estate development. Our journey is rooted in the belief that the true worth of Real-World Assets extends beyond their physical form. In the new world dominated by new fast growing AI capabilities, the digital representation of the complex physical asset become an imperative for the future. In Ithaca, a land immortalized by its mythic past, we found our inspiration, where complex, multi-years development project of Smart Village in the middle of historical XV century ruins is taking place.
We are committed to building an ecosystem that honors the intrinsic value of RWAs. Our network is designed to be a haven for those who recognize the enduring allure of tangible assets, those who seek to invest not just in properties, but in legacies. By intertwining the robustness of blockchain technology with the nuanced insights of Large Language Models, we are setting the stage for real estate development that is both innovative and introspective.
Our vision is to create digital twins of RWAs on the blockchain, capturing not just their physical attributes but their soul. Each digital twin is a testament to our commitment to authenticity, a mirror reflecting the unique story of its physical counterpart. In doing so, we are not just preserving the legacy of places like Ithaca; we are ensuring that they continue to inspire and captivate for generations to come.
The ODISEO network is more than a platform; it's a community bound by a shared vision of creating value that transcends time. Our approach to real estate development is a careful balance of honoring tradition while embracing the future. We believe in the power of long-term commitments, especially in the realm of large-scale real estate projects. These are not mere investments; they are chapters in an ongoing narrative of human achievement and aspiration.
As we lay the foundations of this groundbreaking network, we invite you to join us. Be a part of a community that values the tangible, cherishes the historical, and boldly steps into the future. Together, let's build a world where unique RWAs are not just a structure but a story, not just an asset but a piece of history, and not just an investment but a legacy.
Join us in our journey to create a fair, transparent, and enduring network of value, where the past and the future converge to create a present that is rich, meaningful, and full of potential.
Welcome to ODISEO – where history meets innovation, and where every stone, every beam, and every brick tells a story.
Open, shareable information unlocks more efficient, transparent and collaborative ways of working throughout the entire life-cycle of buildings and infrastructure. The growing adoption of new asset delivery processes such as building information modelling (BIM) also allows owners and operators of built assets, working with their service partners, to plan their capital investments and understand the likely whole-life costs of maintaining and using those assets for their intended purposes.
The DAODISEO network's RWA digitalization strategy aims to transform physical real estate assets into secure, verifiable digital assets. This involves integrating Building Information Modeling (BIM) and blockchain technology to create comprehensive digital twins of unique properties worldwide. These assets will serve as research and development centers within the Cosmos ecosystem, facilitating efficient management, enhancing transparency, and fostering distributed development. The LLM Falcon Brain, an advanced AI system, operates 24x7 to continuously optimize and monitor risks throughout the RWA development cycle.
Utilizing blockchain's immutable ledger, DAODISEO enhances the traceability and authenticity of RWAs. Relevant transaction, from ownership transfers to maintenance records, is recorded on-chain, ensuring that the history of each asset is transparent and tamper-proof. This system builds trust among stakeholders and mitigates the risks of fraud and mismanagement, especially within unique legal structures.
The legal framework of DAODISEO is designed to ensure compliance, flexibility, and scalability across various jurisdictions. Here’s an overview of the key components:
DAODISEO Foundation:
IP Holding Company:
Special Purpose Vehicles (SPVs):
This multi-layered legal structure enhances DAODISEO’s ability to manage and expand its portfolio of RWAs efficiently while maintaining compliance and strategic flexibility.
ODIS Tokens: Utility and Transactional Flow on the platform.
Inflation 20% (justified 10% system inflation + 10% from RWA added value)
Distributed as following:
BIM Token (Former GAIA / NFT type / Non-fungible / structured around BIM information recorded on chain and leveraged as an input for open source fundational LLM) : Asset Ownership and Representation
Imaginary conceptual evolution of the Economic Model from Genesis onward
The concept of Real-World Asset (RWA) digitalization in the real estate sector is rife with complexities that stem from the tangible nature of these assets and the intricate web of stakeholders involved in their lifecycle. The path to transforming physical assets into digital formats is beset by a myriad of challenges that the ODISEO network seeks to address. Each of the 7 stakeholder groups (see governance section) has distinct roles, interests, responsibilities, and levels of influence, and their interactions can be complex due to their differing objectives and the need for coordination among them. Managing the intricate web of stakeholders is a endemic challenge, but other challenges are representing non less burning issues for the industry.
Data Fragmentation and Inaccessibility: One of the foremost hurdles is the fragmentation of data across various platforms and institutions. Critical information pertaining to RWAs is often siloed within traditional BIM DBs in the best of the cases, different entities such as government registries, construction companies, and financial institutions, making accessibility and aggregation a significant challenge.
Standardization: Unlike digital-native assets, RWAs suffer from a lack of standardization. From legal documentation to architectural plans, each asset is a unique amalgamation of specifications and agreements. Establishing a common framework that can encapsulate this diversity in a standardized, digital form requires an innovative approach that transcends traditional boundaries.
Verification and Trust: Ensuring the authenticity and provenance of RWA-related information is paramount. The verification processes for these assets must be foolproof to maintain trust among all parties. However, current systems are often cumbersome, prone to human error, and susceptible to fraud, which undermines confidence and hinders transactional fluidity.
Regulatory Compliance: Real estate is one of the most heavily regulated sectors, with compliance requirements varying dramatically across jurisdictions. Digitalizing RWAs necessitates a system that not only understands and adheres to these regulations but also dynamically adapts to changes in the legal landscape.
Stakeholder Coordination: A multitude of stakeholders are engaged in the lifecycle of an RWA, each with their own objectives and systems of record. Coordinating among these parties digitally requires a platform that can seamlessly integrate disparate systems, manage complex interactions, and facilitate consensus.
Lifecycle Management: RWAs go through a comprehensive lifecycle from development to sale, and beyond. Digitally managing this lifecycle while capturing all the nuances of the development process, financial transactions, and ownership changes is a task of herculean proportions, further complicated by the need for ongoing maintenance and management data.
The digitalization of RWAs is not merely a process of converting physical records into digital files. It is about creating a living digital ecosystem that mirrors the multifaceted reality of real estate assets. The challenges are as diverse as the opportunities they present, and addressing them requires a novel approach that leverages cutting-edge technology and a deep understanding of the real estate domain.
RWA Development Cycle:
In the DAODISEO blockchain, a decentralized governance is designed specifically for the real estate sector, each of the seven key stakeholder groups acts as validation nodes, ensuring that their unique needs and insights influence the governance and operation of the network. This approach not only promotes fairness and transparency but also enhances the functionality and responsiveness of the system to serve the diverse requirements of all parties involved.
1. Tenants or Buyers: Represented as validation nodes, tenants and buyers ensure that the platform remains user-friendly and digitally accessible, catering to their need for seamless property searches with robust filtering options and minimal physical interactions. Their presence in the governance structure helps prioritize developments that enhance user experience and digital transactions.
2. Brokers: By serving as validation nodes, brokers help streamline communication channels within the network. Their input is crucial for integrating features that support quality marketing, lead generation, and deal cycle visualization, thereby facilitating efficient brokerage operations within a single, automated system.
3. Landlords: As nodes, landlords can safeguard the processes related to setting appropriate asking prices and maintaining transparency in rental and sales transactions. Their involvement is key to implementing reliable background checks and ensuring that the platform supports the integrity of tenant-landlord relationships.
4. Property Managers: Property managers contribute to the governance by emphasizing the importance of tools for managing multiple properties, such as automated rent collection and maintenance management. Their insights help develop functionalities that improve operational efficiency and financial reporting across property portfolios.
5. Mortgage Brokers: Their role as nodes supports the alignment of platform functionalities with the needs of both lenders and borrowers, ensuring clarity in loan terms and documentation requirements. This group’s participation helps integrate and optimize loan processing platforms, benefiting all parties involved in real estate financing.
6. Appraisers: Appraiser nodes advocate for features that support mobility and flexibility in property valuations, such as automated valuation models and comprehensive market analysis tools. Their expertise is crucial for maintaining the accuracy and reliability of property assessments, which are integral to the real estate market.
7. Investors: Investors, particularly those involved in real estate investment trusts (REITs), focus on functionalities that provide deep financial analysis, robust portfolio management, and detailed reporting. As nodes, they ensure that the network serves the analytical needs and strategic interests of real estate investors, promoting transparency and accountability in investor relations.
By including each group as validation nodes in the decentralized governance model of DAODISEO, the blockchain network ensures that all functionalities and updates are comprehensively vetted by representatives who understand and prioritize the nuanced needs of their respective sectors. This structure not only enhances the adaptability and efficiency of the network but also fosters a collaborative ecosystem where all stakeholders have a voice in shaping the landscape of real estate transactions and management.
Enhanced Collaboration and Decision-Making: The ODISEO network's integration of real-time BIM updates with LLM insights facilitates a highly collaborative environment among architects, engineers, and contractors. To illustrate, let's consider a future scenario with our Pilot Project in Ithaka. Two years from now, as the construction phase is set to commence, suppose the pre-construction site analysis reveals geological variations that were not initially apparent. Such findings could necessitate a redesign of the foundation. With DAODISEO, these critical findings are inputted into the LLM, which then processes the implications across the project's various facets and updates the BIM model accordingly. This new information is simultaneously recorded on the blockchain, ensuring that all changes are transparent, traceable, and permanently anchored to the project timeline. As a result, all stakeholders—from the finance department adjusting budgets, to the project managers coordinating new timelines, to the ground teams preparing for altered construction methods—can access the revised plans and data instantly. This interconnected system not only minimizes the risk of miscommunication and errors but also empowers proactive adjustments, safeguarding the project against potential delays and additional costs. This predictive, responsive planning capability demonstrates the DAODISEO network's ability to transform unforeseen challenges into manageable adjustments, streamlining the decision-making process long before physical construction begins and setting a new standard for preemptive collaboration in real estate development.
Dynamic Asset Valuation and Marketability: Real estate marketers and sales agents can leverage the enriched BIM data to offer potential investors a detailed, holistic view of properties. The on-chain presence of Ithaka's RWA provides a transparent and trustworthy digital footprint, showcasing the asset's history, current status, and future projections, thereby enhancing marketability and investor confidence.
Efficient Regulatory Compliance and Risk Management: Regulatory bodies and risk managers can utilize the immutable records of the blockchain to ensure compliance with building codes and environmental regulations. In the case of Ithaka, if there's a need to verify that materials meet sustainability standards, the blockchain provides an audit trail that is both indisputable and non-repudiable, simplifying compliance checks.
Streamlined Financial Transactions: Financial stakeholders such as investors, banks, and insurance companies can perform due diligence and transactional processes with increased confidence. For Ithaka, lenders can review the blockchain-recorded history of the asset and the LLM-processed BIM data to assess the asset's health and viability for loan approval quickly and accurately.
Operational and Maintenance Efficiency: Facility managers and maintenance teams can access the BIM model to anticipate and plan for maintenance needs. The LLM can predict maintenance schedules based on usage patterns and historical data of similar assets within the Ithaka project, leading to proactive rather than reactive maintenance strategies.
These real-life applications within the DAODISEO network illustrate a paradigm shift in how RWAs are developed, managed, marketed, and maintained. The network's ability to provide a single source of enriched, reliable information ensures that every phase of the asset's lifecycle is optimized for success, transforming the traditional real estate landscape into one that is more transparent, agile, and responsive to stakeholder needs.
1. Tenants or Buyers:
2. Brokers: Local Broker from Ithaca with 3 years long relationship with DAODISEO supported by 1 VIM Node providing service to the Brokers.
3. Landlords:
The current owners of the 4 developments plots from the pilot project at Ithaca. New Landlords resulting from decentralization of Pilot project and progressive acquisitions of new unique RWAs.
4. Property Managers: BIM Engineers both those outsourced during POC (e.g. candidates like BIM6D), and those that become an integral part of DAODISEO (1 Node TBC).
5. Mortgage Brokers: DAODISEO needs to develop B2B type of relationship with COSMOS ecosystem brokers.
Market Makers, who provide liquidity for pair: ODIS/ATOM
6. Appraisers: B2B relationships (e.g. Bellweather Industry VTOL).
7. Investors: 2024 plan of engagement and ICO Q4 2024 planning.
[1] Singh, S., Sharma, P. K., Yoon, B., Shojafar, M., Cho, G. H., & Ra, I. H. (2020). Convergence of blockchain and artificial intelligence in IoT
network for the sustainable smart city. Sustainable cities and society, 63, 102364.
[2] Han, H., Shiwakoti, R. K., Jarvis, R., Mordi, C., & Botchie, D. (2023). Accounting and auditing with blockchain technology and artificial
Intelligence: A literature review. International Journal of Accounting Information Systems, 48, 10059
These rules will help ensure the proper functioning and transparency of the real estate development project on the blockchain. It's worth noting that there are other more specific rules and provisions included in the DAODISEO constitution.
Creation of the SPV: The real estate owner or developer creates a new SPV for the specific real estate development project they want to fund. This SPV will be used to issue digital certificates that represent investment in the project (Equities).
Documentation: The real estate owner or developer will need to create legal documentation for the SPV, which outlines the terms and conditions of the investment. This documentation typically includes a prospectus or private placement memorandum that outlines the investment opportunity and the risks associated with it. This document is referred to as the Offering Memorandum.
Validator node creation: Once the legal documentation is complete, the real estate owner or developer can create a validator node on the ODISEO Network blockchain. DAODISEO is providing a support during the process.
Tokenization: The real estate owner or developer can then tokenize the SPV, which involves creating digital GAIA certificates that represent ownership in the SPV. ODISEO Network offers functionality to mint new assets. Its final price is validated by ODISEO Decentralized Due Diligence on chain.
Investment: Finally, investors can purchase the GAIA certificates on our open Market Place, which represents their investment in the real estate development project.
The legal term for the document that is created at the time an SPV is incorporated and a validator node on ODISEO is created is the Offering Memorandum. This document is a legal disclosure document that outlines the investment opportunity and the risks associated with it. It is typically required by securities laws and regulations, and it is used to provide investors with information that can help them make an informed investment decision. The Offering Memorandum includes information about the investment opportunity, the risks associated with it, the management team, and other relevant information that investors may need to know before making an investment.
Real estate agents are participating in the decentralized governance on chain.
The real estate agent acts as a trusted party, providing valuable information and expertise to help determine the fair price of a given real estate asset. By using oracles in this way, the blockchain can incorporate real-world data and expertise in a secure and transparent manner.
In order to be able to gain all capabilities on top, agent should just list our project on their web side and add our ODISEO Oracle widget:
Here is how ODISEO Oracle widget works:
Our widget is a small piece of software that a real estate agent include on their website to provide price data about a specific real estate development project (Node in DAODISEO Network), and have the widget serve as an oracle that is triggered each time a visitor (e.g. potential buyer) accesses the widget. The widget also contains active "Price Bet Button" that allow anyone to place a bet to the network. As an Oracle agent would also authorize that bet. Bet can be made in FIAT / ATOM & ODIS. Once bet is authorized it is sent to the Real Estate Liquidity Pool where GAIA NFTs are exchanged.
The widget is built using a JavaScript and/or a server-side language like PHP. It is designed to retrieve data from at the moment when visitor is displaying agent page and broadcast transaction to the ODISEO Blockchain.
Agent gain ODIS tokens by including widget on their website and adding a small piece of code to the HTML of their site. When a visitor accesses the website and views the widget, it will retrieve the price data listed for the real estate development project, display it to the visitor and transmit the same information to the Liquid Real Estate ODISEO protocol.
Our widget provide a convenient and efficient way for real estate agents to share pricing information with potential buyers and other interested parties, and will improve the transparency and efficiency of real estate transactions.
Access to Trusted real estate assets: Cosmonauts can now access real estate assets that are backed by solid investments. This can provide them with more options when it comes to purchasing or renting properties, and it can also help them find properties that meet their specific needs and preferences.
Real-time data on market conditions: The network's real-time data can provide Cosmonauts with valuable insights into current ODISEO Real Estate market conditions and trends. This can help them make more informed decisions when it comes to purchasing or renting properties, and it can also help them negotiate better terms and prices.
Improved trust and transparency: The backing of real estate assets and the availability of real-time data can help improve trust and transparency within the network. Cosmonauts can have confidence that the properties they are considering are backed by solid investments, and they can also access a wide range of information about the properties and the market as a whole.
Enhanced security and interoperability: As a member of the Cosmos ecosystem, ODISEO Network is connected via IBC therefore enjoys from enhanced security and interoperability within the wider cosmos network. This help to protect ODISEO Real Estate Assets and always ensure that our users have access to our Trusted Real Estate backed assets.
Increased efficiency and convenience: By participating in the network, Cosmonauts can potentially experience increased efficiency and convenience when it comes to purchasing or renting properties. For example, they can access real-time data and resources, and they can also connect with other stakeholders within the network more easily.
Developers can benefit from the ODISEO Network Real Estate platform in several ways. Firstly, they can obtain financing through liquidity pools and attract potential investors to their projects. Secondly, the platform provides developers with development support from the DAO community, including access to experts in different fields, which can help with project planning and execution. Thirdly, the network's governance model ensures transparency and accountability in decision-making, which can provide developers with more confidence in the process. Fourthly, the platform enables developers to make better use of their assets by creating more liquid and tradable assets that are attractive to investors. Finally, the platform allows developers to obtain liquidity by exchanging their real estate assets for tokens, which can provide them with more flexibility and financial options..
Investors: By participating in the network, investors can access real-time data on a wide range of real estate assets and projects, which can help them make more informed investment decisions and understand the potential value of different properties and projects. In addition, the backing of real estate assets can provide investors with a sense of security and confidence in their investments, which can be particularly beneficial for retail investors who may have less experience or knowledge about the real estate market.
Retail investors can also benefit from the reduced barriers to entry that the platform provides, as they can access investment opportunities that were previously only available to institutional investors. This can help level the playing field and democratize access to real estate investments. In addition, the platform's transparent and secure nature can help build trust between investors and developers, which can further incentivize retail investors to participate in real estate investments. Overall, the platform can provide retail investors with greater access, transparency, and security in the real estate market, which can help them achieve their investment goals with more confidence and ease.
Property managers: Property managers: By participating in the ODISEO Network, property managers can access real-time, on-chain data on tenant information, maintenance requests, and rent payments, allowing them to more efficiently manage their properties. Additionally, the transparency and security of the network can help property managers ensure that rent payments are made and received in a timely and accurate manner. The network can also provide property managers with valuable insights on market conditions and trends, which can inform their decisions on rental rates and lease terms. Moreover, the on-chain data can help property managers track the ownership and maintenance responsibilities of different parties involved in a property, making it easier to determine who should be charged with the costs of maintenance and repairs, or who should receive payment from rental fees.
Real estate agents: By participating in this network, agents can access a wide range of real estate assets that are backed by solid investments. This can help them showcase properties to potential buyers or renters in a more confident and trustworthy way. In addition, the real-time data provided by the network can help agents stay up-to-date on the latest trends and market conditions, which can inform their marketing and sales efforts.
Furthermore, Real Estate agents can earn incentives for their work as Oracles providing data and information about real estate, including suggestions on pricing. By leveraging their expertise and knowledge of the local market, agents can contribute to the network's real-time data and receive rewards for their contributions. This creates a mutually beneficial relationship between agents and the network, as agents can earn additional income while providing valuable insights for the network's users.
Architects / Engineers /CGI rendering experts/Interior designers: By participating in the ODISEO Network, can access real estate assets that are backed by solid investments. This can provide them with new opportunities for collaboration and innovation, and inspire them to explore more ambitious and visionary designs. Additionally, as they participate in the development of projects on the network, they can receive incentives for their contributions, which can help to further support their work and grow their business. By working closely with investors, developers, and other actors in the network, they can help to shape the future of real estate and participate in new and exciting investment opportunities.
Our Real Estate Swapping DEX enables easy and trusted exchange between GAIA NFT Real Estate Certificates, ODIS Bricks, and ATOM.
Benefits:
Increased Real Estate liquidity: Our swap service can increase the liquidity of Real Estate assets represented by GAIA NFTs as well as ODIS and ATOM. By providing a convenient way for users to exchange these tokens, our service can make it easier for users to buy or sell GAIA, ODIS, or ATOM. This can also help to stabilize the value of these tokens.
Improved accessibility: Our swap service can make it easier for users to access and use ODIS and ATOM, regardless of which of these tokens they prefer to hold. This can help to increase the adoption and usage of these tokens, and it can also make it easier for users to participate in the real estate market through the use of GAIA NFT collections.
Enhanced security: Our swap service provides enhanced security for users, leveraging the IBC Cosmos security model. It provides a trusted and reliable platform for exchanging GAIA, ODIS, and ATOM. This can help to protect users from fraud or other risks, and it can also help to build confidence in the system.
Increased convenience: Our swap service makes it more convenient for users to exchange GAIA, ODIS, and ATOM, as it allows for quick and easy swaps between these tokens. This saves users time and effort if they are participating in the real estate market through the use of GAIA NFT collections that are only accessible with ODIS.
Improved interoperability: Our swap service can improve interoperability between GAIA, ODIS, and ATOM by providing a convenient way for users to exchange these tokens. This can help to increase the usage and adoption of both ODIS and ATOM, and it can also make it easier for users to access resources and services within the Cosmos ecosystem.
