PIF is a next generation platform in property management which is revolutionizing using a hybrid blockchain

 

What is PIF

PIF is the next generation platform in property management that is revolutionising the way people source, search, rent and manage their property portfolio.

The PIF platform using hybrid blockchain aims to significantly change, improve and streamline the whole property management process for the better, permanently. By incorporating blockchain into the PIF platform and processes, it will create a property management ecosystem that is more agile, streamlined and 100% accurate thus making the lives, homes and working environment of tenants,landlords and property managers more transparent, simpler and easier, enabling all end-user to make better choices with their time and money.

Through the introduction and employment of our hybrid blockchain PIF (property info file), will revolutionize the way landlords and the property manager will handle their workflow better and improve their systems with better solutions. PIF is changing how we store data, access it and use it to improve the never-ending cycle of property management and technological-growth. The purpose ofthis white paper is to detail how we will achieve this.

Our Solution A blockchain Marketplace

PIF is convinced that blockchain technology combined with smart contracts will be the core engine for the long-term rental industry.

Blockchain’s inherent system of trust makes it the ideal technology for real estate where transparency is the biggest factor as people invest big money for a property. This is the reason why most ofthe real estate project utilizing blockchain for their platform is more focused on the financial transaction as for most of the time blockchain as the technology itself is associated with cryptocurrencies. But blockchain’s major benefit is its distributed ledger that is capable to accommodate many records over time. Allowing it to keep tamperproof and making sure these records can be verified by any user along with keeping the anonymity of the user.

Blockchain and Property Info File (PIF) In-Depth Property Info Inventory

Full in-depth property blockchain inventory that goes above and beyond the traditional inventory service. Records not only the standard property requirements, for instance, the oven, not just make and model but colour, but also model ID number, place of purchase, receipt of purchase, warranty, appliance insurance, PAT certificate, date of service records including the details ofthe service and installation engineer and evidenced in the form of photographs etc.

Another example is a wall covering, paint, for instance, colour, Photographic evidence in situ, paint identification number, brand, where and when purchased, receipt of purchase, date time and details of who decorated the room i.e. tradesman with link to his/her page. 

Benefits of PIF

Below is a table smmmary of what PIF users can expect using our great platform.

Landlords

• Full Inventory Recording
• Communication Channels
• Access to Quality Repair Engineers
• Tenant History
• Multiple Property Upload
• Reminders of Certificate Expiry
• Management Dashboard

Tenants

• Raise tasks to landlord
• Landlord feedback & ratings
• Tenants Service Level Agreements
• Payment history
• Your deposit earning you interest
• Preferred renters list
• Gain tenant feedback

Property Managers

• Contact Management
• Expense Management
• Insurance Management
• Tenant Tracking
• Financial Management
• Task Manager
• Full Property Management

Service Companies

• Guaranteed Work
• One place for invoices
• Jobs notified by the PIF app
• Complete jobs with photos
• Accelerated payment for services
• Easy Tenant & Landlord approval
• Full traceability of work carried out

Retail

• Advertise on the Free app
• Electrical purchases registered automatically
• Send purchases direct to PIF
• Full purchase report from PIF
• Suggestive purchases
• Purchase demographics globally

Housing Associations & Local Authorities

• Access to emergency properties
• Access to verified engineers
• Full inventory of the estate
• Reminders & easy certificate renewal
• Tenant History
• Task Manager to stay in touch
• Mass upload of properties

Highlights that PIF Provides

• COMPLETE Inventory of your properties
• Task Manager for full communications between Property Owner, manager, Tenant and Engineer
• Keeping Service Technicians in work by providing a global network of qualified, vetted and verified engineers.
• Blockchain for security
• Property Docs all in one place
• Complete Transparency and Traceability
• Benefits for Owner, Tenant and Engineers
• Push full property details to the Property boards in one click!

Blockchain in Real Estate

Using blockchain we are investing on allowing purchasers to deal direct with homeowners. Again getting rid of the middleman and keeping the costs down. You will see this maniefest in further phases of PIF.

Making Data Secure

With stealing data recently on the rise, no company can be too careful when implementing the most secure solution.

Data as a Micro Service

Spliting data up into smaller databases and separating Read & Write functionalities will make PIF faster and more secure.

Hybrid Blockchain

It lets application developers get the best of immutability and trust from a permissionless public network while still retaining the benefits of control and performance provided by a permissioned blockchain.

Smart Contract

Smart contracts are simply computer programs, which are

• Immutable
• Once deployed, the code of a smart contract cannot change. Making this trustworthy for its adopters
• Deterministic

The outcome of the execution of a smart contract is the same for everyone who runs it, given the context of the transaction that initiated its execution and the state of the Ethereum blockchain at the moment of execution. To get this execution done,the conditions that need to be met has to be defined within the contract at the time of deployment itself.

For our project scenario, we will be tokenizing entities like:

• Property
• Users

The following entities will be associated with the tokens and updated along with transactions:

• Assets for properties
• Documents

All users of PIF application(s) will be required to use an identity wallet to prove that they provided the data or that they initiated or approved the underlying activity. Landlords and tenants will be able to specify their terms and conditions in their rental agreement smart contracts. Third-party services are likely to be used to validate identity on the platform.

How PIF Ecosystem will work?

• Tenants purchase PIF tokens to be stored in their wallets;

• Tenants apply to rent an apartment, allocating 1,000 PIF tokens to an Application Deposit Smart Contract;

• Landlord selects a preferred tenant, and 950 PIF tokens are moved from the Application Deposit Smart Contract of the winning tenant to a Rental Deposit Smart Contract serving as an initial down payment towards the rental deposit. The remaining 50 PIF tokens are moved to PIF’s wallet as a service fee. All losing tenant application PIF tokens are refunded;

• The agreement between tenant and owner will be tokenized and updated in the platform for further reference along with all the assets listed for it.

• Whenever maintenance or repair needed for property or appliance is needed request for the same will be updated over the application, it will further be noted in the network;

• Tradesperson members will get notified and can provide a quote for the service

• The tenant/ owner selects person whose offer and service seems fine as per record;

• The payment will be completed by the agreed party (Tenant or Owner) and the record will be updated along with the closure report for the task.

• On completion of the lease, if there has not been a damage claim by the landlord, the Rental Deposit Smart Contract will transfer PIF tokens that have been deposited back to the tenant.

• When the tenant moves out, if there has been a damage claim by the landlord (that is agreed and digitally authorized by the tenant), the Rental Deposit Smart Contract will transfer PIF tokens to the landlord’s wallet equal to the value of the damage claim, with the payment being covered first by the tenant’s contribution to the rental deposit.

• All necessary data will be recorded over blockchain and can be verified by the user of the system.

• Private data will be encrypted in the smart contract using a third-party privacy and identity framework. This will enable data to be kept private and held in a privacy law compliant manner.

ICO Timeline and Phases

• Pre-Sale: 20 Million
• Crowd Sale: 60 Million
• Post-Sale: 10 Million
• Bonus + Bounty: 5 Million
• Management: 5 Million
• Total: 100 Million

Distribution of Funds (From ICO)

• 20%: Advertising, Marketing and Promotions
• 35%: Technical, Infrastructure, Support & Staffing
• 20%: Business Development and Operations
• 10%: Listing on other exchanges
• 05%: Legal and accounting
• 05%: Team incentives
• 05%: Research, Data Science, Scalable Architect

Roadmap for Project

• 2015 – Initial Concept
• 2016 – Market Research
• 2017 – Realisation
• July 2020 – White-paper Launched
• Aug 2020 – Phases of Development
• Sept 2020 Private ICO Per-Sale
• Oct 2020 – Open PreSale
• Nov 2020 – Public Sale
• Q1 2021 – Phase 1 development
• Q2 2021 – Marketing Push

The PIF Team

Samantha Fry

• CEO

Bret Robinson

• COO

Laura Edmonds

• SALES & MARKETING DIRECTOR

Alex Burrows

• CFO

Mrinal Sharma

• BLOCKCHAIN LEAD DEVELOPER

Swapnil Deshmukh

• BUSINESS DEVELOPMENT

To get more detailed information, please visit the link below:

Website : http://www.propertyinfofile.com/
Whitepaper : http://www.propertyinfofile.com/PIF_ICO_WHITEPAPER.pdf
Facebook : https://facebook.com/propertyinfofile
Twitter : https://twitter.com/pif_officiall
Telegram : https://t.me/Pif_official
Reddit : https://www.reddit.com/user/Pif-Propertyinfofile
Instagram : https://www.instagram.com/propertyinfofile/
Linkedin : https://www.linkedin.com/company/propertyinfofile

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