eHab founder Josh Graham explains the 2018 roadmap for the blockchain-based property platform


So eHab is trying to completely
disrupt the housing sector, and we’re
doing that through a combination of
digitizing an industry which is stuck
for years in the past. Enabling small
innovative companies to scale their
technologies such as modern methods of
construction, which can bring costs of
construction down significantly over
time. And we’re using asset-backed tokens
as a way to bring stability and real
world valuable growth to the
cryptocurrency market, while still taking
some of the benefits, and some of the
best features of that system. So who are your
customers?
Well who’s your investor, and who’s your typical client?
Sure
so primarily we’re looking at first-time
buyers and people who are interested in
getting more affordable housing. So
we are working on a couple of projects
one commercial one is a social project.
So we are working with social housing
providers as well. In terms of investors
I think we, you know, have two audiences
there. The first is people who have been
in the property crowdfunding space for a
few years. We can offer them basically,
a market with complete liquidity. So
traditionally in property
crowdfunding you have to wait
quite a few years to sort of see your
investment mature, and you might be even
be locked into that project. Whereas with
the token system, it’s a completely
liquid market. You can buy and sell it
out of that and into that at any point.
For crypto investors which we’re
obviously trying to capture some of that
value that is funneling into that sector,
it’s an asset-backed project. And so the
tokens are actually a security, so they
legally will represent the project that
they are associated with, and a lot of
the tokens that are floating around now
don’t have that. And so it’s an
opportunity to diversify your
crypto portfolio with, you know, a token
which actually has a real-world value.
Where is the value for other people in
the chain? You know, people who have been
involved in building houses, building in
community? What problems are you solving
that the current system or other systems
available aren’t solving? Sure so our
current sort of strategy is to partner
with much much smaller developers, not
the larger developers. And
can help them cut costs in several
different ways. So with the smart
contract management system we can help
them reduce admin costs, and we can help
them reduce delays on sites, and make
more instantaneous payments to certain
contractors, and generally manage that
workflow on our digital project
management system. We obviously connect
them directly with users so they don’t
have to spend anything on marketing. And
we can give them much better interest
rate loans than if they were to go to a
bank. So banks can often have up to 10 12
% interest rate loans for developments. And we can give those developers, you
know, 7 to 9 percent mortgage or loans
rather, from the crowd. So it’s
kind of this whole ecosystem of enabling
these smaller companies to scale and
grow their own businesses that we think
is appealing to the people in that chain.
And how long have you guys been around
for kind of, when do you go live,
what’s the stage? The roadmap for
launch and for beginning to actually
build things? So we have been around as a
company since 2015 and we’ve pivoted
many different times to different
things. So over the course of
that time we’ve obviously met lots of
people and had a huge amount of research
and conversations which has been good. So
we are looking to launch our ICO
in February so that’s the 9th to the
19th of February for the presale. And
then the main sale will be happening
from the 1st of March to the 30th of
April. And although we are currently
developing some of the smart contracts
for developers we pretty much need to
raise more money if we’re going to
accelerate the development of the entire
ecosystem that which we’re hoping to
build. So now what’s the roadmap what is
that ecosystem? Where do you see this
going? Sure so, depending on the success
of the token sale we would hope to be
testing a lot of the features of the
actual designing and development of the
projects over the summer and with our
key partners. And then because we’re
gonna have to seek regulation for the
crowdfunding element, that will come
later. So we’d be looking to test that
and fund off those projects at the end
of this year. And so the whole suite
of the platform and all of the products
associated with that will be ready for a
complete run through a housing project
in the beginning of next year. Is there
anyone else that’s doing anything like
this? There are a few different
blockchain based organizations which are
involved in property. So there’s a couple
of which are looking at tokenizing
assets for crowdfunding, and that’s
generally for existing properties. And
there was also a company I believe which
is doing a similar thing for blockchain
based mortgages as well. But none of them
are looking at it from a construction
perspective. It is all for existing
properties. so that’s what makes you
unique is the brick and mortar element of
this? Sure and and the fact that we’re
looking to empower people as much as
possible so that we can sort of change
the makeup of the housing system at
the moment.

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