Firstly this token is ownable. Which means we can sell it to a Landlord or his Property Manager.
Function #1 The tenant pays deposit
Function #2 The app checks that the deposit is not overpaid.
Function #3 Landlord withdrawals monthly rent
Function #4 Smart contract Oraclizes (paywall) sensitive customer data to an offline server. This means that the information is offloaded to an Oracle database server on the proprietor’s local computer.
Function #5 The Arbitrator Function remains dormant in case there are future issues between the landlord and tenant.
Like a buoy that floats on a bumpy sea the RealT maintains its value as a place marker of value. A 100,000 Realt’s today will buy the same house in 10 years or 100 years because, like a Shock absorber , it floats above inflation. In the illustration above, if Danny wanted Mary’s chair he would need to give her $850 Real-T’s. In future the chair may be worth $1800 in cash but the owner would trade it for the same 850 RealT’s. No inflation. It is optional for them to convert their Real-T’s into government tokens. Why would they? Doing so reintroduces the vulnerabilities of government tokens, such as inflation!?
If someone in future wanted those 850 realT’s they would need to cough up 1800 dollars; because of inflated dollars. The RealT is immune to inflation. However, if the seller insists on cash conversion rest assured that any Real-T can easily be converted.
Read the White-paper Here: