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Bernard Sibanda edited this page May 26, 2024 · 2 revisions

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Welcome to the cardano Property Solutions wiki!

User Requirement Specifications Document

Project Title: Property Listings and Tokenizations

1. Introduction

The purpose of this document is to outline the user requirements for the development of a platform focusing on property listings and tokenizations. This platform aims to provide users with a seamless experience in browsing, listing, and tokenizing properties for investment purposes.

2. Scope

The platform will allow users to:

  • Browse property listings based on various criteria such as location, price range, property type, etc.
  • List their properties for sale or rent with detailed descriptions, images, and pricing.
  • Tokenize properties, enabling fractional ownership and investment opportunities.
  • Facilitate secure transactions and ownership transfers through blockchain technology.
  • Provide a user-friendly interface accessible via web and mobile devices.

3. Functional Requirements

3.1 Property Listings

  • Users should be able to search for properties using filters like location, price range, property type (residential, commercial, etc.), and amenities.
  • Property listings should include detailed information such as property description, images, amenities, size, contact information of the seller/agent, and pricing.
  • Users should have the option to save properties, add them to favorites, and share them via social media or email.
  • Property listings should be categorized based on status (for sale, for rent, sold, rented).

3.2 Property Listing Management

  • Property owners should be able to create, edit, and delete their listings.
  • Owners should have the ability to mark listings as sold or rented, updating the status accordingly.
  • The platform should support multiple images for each property listing, with the option to upload and rearrange them.

3.3 Tokenization

  • Users should be able to tokenize properties, dividing them into tradable digital tokens representing fractional ownership.
  • The platform should facilitate the issuance, transfer, and redemption of property tokens securely using blockchain technology.
  • Tokenized properties should be displayed along with their ownership structure and token distribution.
  • Investors should have a dashboard to monitor their tokenized property investments and receive dividends or profits.

3.4 User Authentication and Authorization

  • Users should be required to register and log in to access certain features like listing properties or tokenizing them.
  • The platform should implement secure authentication mechanisms such as email verification and password encryption.
  • Different user roles should be defined, such as property owners, buyers, and administrators, each with specific permissions and access levels.

4. Non-functional Requirements

4.1 Performance

  • The platform should be responsive and capable of handling simultaneous user interactions without significant delays.
  • Property listings should load quickly, and search results should be returned promptly.
  • Tokenization transactions should be processed efficiently, with minimal latency.

4.2 Security

  • The platform should implement robust security measures to protect user data, financial transactions, and tokenized assets.
  • Encryption should be used for sensitive information transmission.
  • Regular security audits and updates should be conducted to mitigate potential vulnerabilities.

4.3 Scalability

  • The platform architecture should be scalable to accommodate a growing user base and increasing volumes of property listings and tokenization transactions.
  • Provision should be made for adding new features and integrating with external systems or APIs.

5. User Interface Design

  • The user interface should be intuitive, with easy navigation and clear labeling of features.
  • Property listings should be presented in a visually appealing manner, with high-quality images and informative descriptions.
  • The tokenization process should be guided, with clear instructions and progress indicators.

6. Conclusion

This User Requirement Specifications document outlines the functional and non-functional requirements for the development of a property listings and tokenization platform. Adhering to these requirements will ensure the successful implementation of a user-friendly and secure platform that meets the needs of property owners, investors, and other stakeholders.

Further Sources to Read:

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