Team BC-LUL (BlockChain-LUL)
Photo: Top left (Do Wen Rei), Top-bottom (Ivan Ling Ting Yang), Top right(Khee Ri Han), Bottom Left (Chia Tze Hank), Bottom Right (Delveer Singh)
This project was initiated to participate in NEM Merdeka Hackathon 2018 (15th-16th Sept). Its primary goal was to enable anyone to invest a share of an individual house using Nem Blockchain Technology with digital assets.
The problem was proposed by UEM Sunrise Sdn Bhd on solving unsold houses:
Ballooning inventories are a major challenge for property developers in Malaysia including UEM Sunrise (UEMS). The high number of unsold units can impact the Company financially. A majority of the unsold units (inventories) are typically in the luxury product range, with fewer people being able to afford this type of property. Ideally, we should be looking for ways to widen the market segment to make it more affordable and attractive to both investors and buyers.
How can blockchain technology help to overcome inventory issues?
Introducing Prop-Coins, a solution to unoccupied properties.
Track your Prop-Coins whenever you go:
360 Video to visualize your property’s internal structure
The Hackathon:
The hackathon was full of energy, very much love and support were given by the NEM trainers and the sponsors were very interested in everyone’s proposed solution. We also managed to develop many new relationships with other teams.
Appreciations
The event was so welcoming, the environment was so friendly, it was the perfect place for a startup to nurture and grow. Everyone pushing their limits to achieve their goals and solve people’s problems is a sight to behold in Malaysia, especially when this event was organized right on our country’s National Day (16th September).
Many thanks to my team members, without them BC-LUL wouldn’t have placed Champion in this competition with such grace. You guys are the best! <3
We hope to bring this message out to everyone who is interested in blockchain or any other modern technologies: Don’t be afraid to try! There are always plenty of heart-warming people out there to help you achieve your dreams!
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