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Cranfield, UK, 21 November 2022, Chainwire
WAHED is pleased to announce an all-new partnership with Creator’s Group. With years of experience in the real estate and property management sector, Creators Group is excited to reap the many benefits blockchain can add to the industry.
Founded by CEO Eng. Founded by Ali Al Salman in Riyadh, Saudi Arabia in 2016, his Creators Group has established itself as a leader in both domestic and international markets. Putting the interests of investors, homeowners, corporate clients, developers and landlords first, Creator’s Group streamlines investment activities for everyone who wants to be involved in real estate.
Creator’s Group offers the following services to clients in Saudi Arabia and abroad:
WAHED is a next-generation investment and philanthropy platform powered by WAHED Coin. Based in the UK and led by Sheikh Abdullah bin Ahmed bin Salman Al-Khalifa, WAHED has a vision to improve the world by advancing business activities. Acting as a blockchain and investment partner, WAHED aims to bring all the benefits of the decentralized economy to companies looking to increase efficiency and deliver value on a larger scale.
The WAHED ecosystem is built on Binance Smart Chain, a revolutionary blockchain that enables the deployment of smart contracts. The ability to program actions on a persistent, publicly viewable blockchain makes it possible to implement greater transparency and accountability across activities.
The real estate world’s close proximity to existing legal and governmental frameworks makes drafting contracts and obligations a significant and costly process. Blockchain and smart contracts can significantly reduce costs through the use of templates that can be tailored to end-user requirements. Thanks to this innovation, the entire range of operations can benefit from increased efficiency and reduced recurring costs.
By using the blockchain’s permanent ledger, all parties involved in a transaction are made aware of the requirements, costs, and procedures to ensure that transactions are efficiently concluded. By using smart contracts to factor in costs such as travel time, office supplies, lawyers, and auction bidding, you can clarify requirements for everyone involved, saving significant time and money.
A transfer of property from one owner to another may be a condition affecting the terms of sale. These obligations may include changes to comply with legal requirements such as material quality or fire safety, or aspects related to design or function. Immutably recording these requirements in a smart contract that executes when the conditions are met can save a lot of time.
Agent and broker fees range from 1% to 6% of transaction costs. Fees this high can be costly, but lack of transparency can affect buyer confidence. Blockchain can enable trustless transactions and reduce the number of intermediaries. End users enjoy faster turnaround times and lower fees.
Blockchain is ideal for demonstrating property ownership. These tamper-proof, permanent records can be updated when assets change ownership, and can also add details such as stipulating commercial and usage rights for specific plots. Due diligence, registration of ownership with the Federal Register Service, and notary payments are all done on the blockchain and are included as part of the service package.
The partnership between Creators Group and WAHED is well positioned to deliver a range of benefits that will undoubtedly improve end-user experience and cost savings. By utilizing blockchain as a tool to promote efficiency and transparency, WAHED aims to raise the bar on how business is conducted and how lives are improved.
WAHED Coin will be available for trading on LBank on December 5, 2022. Join the WAHED community for all the latest information on partnerships, new features and more.visit us Official website Join us for more information twitter, discord, Facebook When Instagram.
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Wahed Project Team, [emailprotected]
