NFT in Rental Business
Certified NFT for Authentication of Physical Property
Necessity of space sharing and rental business certificate NFT
Space-sharing certified NFTs help improve transparency and efficiency in the leasing and leasing process. This helps reduce the incidence of disputes or fraud that may occur in the management and transaction process of the rental business and helps build trust between lessors and lessees.
Key Features of Authenticated NFTs
Ownership Verification: By authenticating each NFT with a distinct identifier representing the corresponding rental owner, it serves as a means to verify ownership for a specific rental unit or real estate.
Rental Contract Recording: Authenticated rental NFTs serve as a record of rental agreements, encompassing information such as lease duration, rental fees, contract conditions, and other relevant details. As these records are stored on the blockchain, the integrity and transparency of the rental contracts are ensured.
Transfer of Ownership and Transaction History: Authenticated NFTs in the rental business field maintain a record of transactions associated with the transfer of ownership. With each change in ownership, the corresponding transaction is recorded on the blockchain, enabling traceability and ensuring transparency in the process of ownership transfer.
Rental Payments and Settlement: Some authenticated rental NFTs can be used for rental fee payments and settlements. By leveraging the blockchain, an automated payment system can be created to efficiently handle the process of rental fee payments and settlements.
Procedure for Issuing Certified NFTs for Rental Operators
Application and Document Review: Owners or administrators seeking to obtain a Certified NFT for Rental Operations can apply through the Webility Certification page.
Ownership Verification: Verification of ownership for the applied rental units and review of other relevant documents.
Contract and Information Recording: Webility records the information of the rental contract on the certification document.
NFT Issuance: Webility proceeds with issuing an NFT for the rental units that have successfully passed a review. This NFT includes a unique identifier and ownership information for the respective rental unit.
Storage and Distribution: The issued rental business certification NFT should be securely stored and made available to the owner within the digital wallet or platform 24/7. This enables proof of ownership for the NFT and allows for the presentation of the certificate when necessary.
Last updated