• Blockchain & distributed ledger tech provide superior data management • We harness this tech under the hood • Outcomes: co-ownership becomes simpler, safer, and higher-ROI
What is blockchain?
Blockchain is game-changing tech that transforms the way we store and manage digital information.
At its core, a blockchain is a decentralized and secure digital ledger that allows multiple parties to record and access data simultaneously. Each piece of information, or "block," is connected to others in a "chain," creating a transparent and tamper-proof system.
Blockchain is an awesome toolkit!
Shared Homeowner OS™ leverages this tech to provide a secure, transparent, and user-friendly app to manage co-ownership.
Security: Blockchain's decentralized nature and unique cryptographic features make it incredibly secure.
Transparency: Participants can view and verify the data stored on chain without the need for middle-men. Note: permissions and encryption can define who has access to sensitive info.
Immutability: The information stored on a blockchain cannot be changed or deleted, providing a permanent and tamper-proof record of all data.
Accessibility: Blockchain tech can be integrated into real-world apps, making it an excellent solution to manage assets, contracts, and other types of data.
How do we use blockchain?
CoBuy creates a unique on-chain representation of the co-ownership arrangement—a joint venture—to connect all the moving parts. One way we do this is with Algorand Standard Assets (ASAs).
Today, we’re using blockchain and distributed ledger technology for:
➡️ User identity / authentication
➡️ Group identity / authentication
➡️ Digital signatures
➡️ Data & document management
This lays the foundation for streamlining multi-party finances, programmatic event handling, and access to goods and services.
What’s this mean for co-owners?
More of the good stuff...
➕ Incentivized for good behavior
Less of the bad stuff...
➖ Manual effort
➖ Human error
Co-owners minimize costs & maximize returns over the full ownership lifecycle:
✅ Save time, energy, cash
✅ Protect relationships, the home, investment
✅ Enjoy peace of mind
➡️ Co-ownership becomes a viable path to owning a home and building wealth.
We looked at over 40+ blockchains before choosing Algorand.
Technically, Algorand is the best and most accessible blockchain around:
Secure, scalable, decentralized
FAST: 6,000 transactions per second and settlement finality in 3.6 seconds
Low cost: ALGO 0.001 per transaction (= fraction of a penny)
We believe in Algorand’s team, technology, and mission to level the playing field.
We agree with Algorand’s pragmatic approach to working with governments and financial institutions.
Finally, the Algorand ecosystem—a.k.a. #algofam—is full of talented builders, creators, and enthusiasts who share values and support one another.
Which Algorand features do we use?
We're leveraging Algorand's core Layer-1 feature set today:
Algorand multi-signature accounts
Algorand Standard Assets (ASAs)
Algorand Smart Contracts (ASC-1)
Here's to leveraging new toolkits and working together to level the playing field!