Project title: [Opt2]Ground3, ‘Construction data blockchain solution’
Project type: [Op2] Web3 startup proposal
Team name: Tople(Token with People)
Team members: SeonUk Song(auditors), TaeHyun Kim (auditors), ManSun Shin(auditors)
Mentor: SeonMin Yi
Delieverables
Web3 app whitepaper URL: https://docs.google.com/document/d/1L-_kZo6zTrH2YWPdKnRwaa851NdxRCCVslsqwicBNFA/edit?usp=sharing
Web3 startup pitch deck URL: https://docs.google.com/presentation/d/1zx1ldNpPzXOypN99u0Jmvqd3Nv2q3WQVl2Vo6JVpskc/edit?usp=sharing
Youtube video URL: https://www.youtube.com/watch?v=vVy_Vt_AXPM
Summary
Ground3 is a blockchain solution designed to reduce the risk of stakeholders participating in real estate development by resolving the imbalance in construction information between real estate product suppliers and buyers.
Ground3 uses blockchain technology to address construction information imbalances in real estate development. The solution provides key features:
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Transparency of construction information: Ground3 records and shares all information related to building construction through the blockchain. This resolves the information imbalance between buyers and contractors and helps buyers have confidence in the construction status and quality of the building.
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Reliable contractor certification: Ground3 establishes a certification system to validate contractor reliability. Smart contracts based on blockchain can be used to track and validate builders' history and performance. This allows buyers to trade with a secure builder.
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Contract and Payment Guarantee: Ground3 leverages smart contracts to transparently manage construction contracts and payment processes. Conditions and milestones of construction contracts are recorded on the blockchain to prevent disputes and ensure contract fulfillment. In addition, payments are made automatically through smart contracts, increasing transparency and reliability of transactions.
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Construction Quality Monitoring: Ground3 utilizes Internet of Things (IoT) technology to monitor the construction process and quality of buildings. Data from the construction site is collected and recorded in the blockchain in real time using smart equipment connected to the sensor. This will increase the transparency and efficiency of construction work.
