Blockchain for the Global Real Estate Market



Executive Summary

Founded in 2017 Avrio is the first Shariah-Compliant Real Estate Funding & Solutions Provider for BlockChain technologies in Saudi Arabia. The importance of real estate in our life is difficult to overestimate: our home, our employer’s office and our local shopping mall all compete for our hard-earned cash, directly or indirectly. We rent or pay a mortgage on the home we live in. A part of our employer’s revenue is paid to the office building’s landlord. A significant percentage of the prices we pay for clothing or groceries goes to the owners of the shopping mall or buildings where our favorite brand shops are located.


The real estate industry is the largest in the world, consisting of US$200 trillion in total value. The international property market attracts around US$750 billion in investments annually with an expected increase to US$1 trillion by 2020. The scope of real estate opportunities is so vast – it offers practically limitless growth opportunity.


The real estate industry is highly capital-intensive and less liquid than the stock market. Its investor universe is comprised of large professional players such as banks, insurance companies, pension funds, and high net worth individuals. Entry barriers prevent smaller investors from reaping returns at the same level as the professional players. Smaller investors are limited to investing only in collective investment schemes such as real estate mutual funds where there is no opportunity to cherry-pick individual assets, control them, and the management fees are such that they diminish individual investors’ returns.


The Avrio platform combines traditional professional real estate investing with blockchain technology and allows anyone at any income level to invest in real estate and to select assets in the most cost-effective manner. Investors get the benefits of a new cryptocurrency called Avrio tokens, the value of which is backed by tangible real estate assets, thus providing them with strong downside protection against volatility.


The Avrio platform focuses on transparency and legal property ownership, where strong returns are achieved from rental income, profits from sale and participation in construction projects and additional revenue from services offered on the platform. We envision Avrio tokens a global currency for the 21st century, worthy of its time-honored name, becoming an accepted international means of payment for all sorts of goods and services beyond the boundaries of real estate. 


What is Real Estate Blockchain

The Blockchain is an immutable ledger system that holds a continually growing record of transactions, or blocks, where each block is associated with a previous block and cannot be modified or deleted once it has been added to the chain. Blockchain does not require a central authority to ensure that a transaction is executed accurately as the technology has an auto-executing feature that verified each transaction by involving the entire network to obtain “consensus” before the transaction is recorded on the ledger. Hence, the blockchain technology provides a technological solution to the problem of trust in a transaction or record by utilizing the network thereby eliminating the central authority.

Blockchain is the technology that powers Bitcoin and an array of cryptocurrencies. Much like a dollar bill, a bitcoin is transferable, and once it has been used, it permanently passes to the receiver and cannot be reused or unilaterally withdrawn. That is possible because the transaction is recorded onto the blockchain and cannot be changed.

Blockchain technology eliminates all possibilities of fraud such as receiving a dud check or paying a seller for a property he/she does not own. Since the transaction is secure and auto-executed, the cost of the transaction can be significantly lower compared to conventional payment methods such as remittances, card payments, or any transaction that has a third party guarantor.

The real estate industry is just starting to learn about the possible disruptive benefits of the blockchain technology. Currently, the industry is largely dominated by large corporations and wealthy property owners. Blockchain technology is poised to disrupt the industry during the next few decades in areas such as efficiency, transaction speed and purchasing flexibility. Efficiency and speed considerations could benefit the industry in the short-term by eliminating middle men and massive amounts of paperwork. Fractional and incremental purchasing programs could increase ownership to new marketplaces. Over time, this technology will likely change the nature of the industry, though legislation and the industry itself must change before that becomes a genuine possibility.

The technology is already starting to cause a shift in the real estate industry as some real estate startups such as RealtyShares are accepting Bitcoin as a means of payments to reduce transaction fees and to make the investment vehicle accessible to international investors who are often faced with complex conventional business structures.



How Avrio Can Help You



Blockchain technology, in its most basic form, is designed to function as an asset management platform. Almost all government departments and services require transactions and basic asset management. As detailed above, the way the government currently handles asset management is outdated and ineffective. As we move away from paper-based practices blockchain can serve as the perfect platform to accommodate modern operational needs.


The web 3.0 technology has the potential to revolutionize management ushering in new record storage, new tax portals, new healthcare delivery and more. It will also improve governments abilities to collaborate with other countries’ governments worldwide.


As the private sector rises to the occasion to meet citizens’ expectations for speed, transparency, and trustless transactions governments are starting to discuss the possibilities and solutions blockchain could bring to their operations and governed populations.


Vision 2030’s main strategic objective is a non-oil economy diversification. Digital transformation is one aspect of that, and we as Avrio see major opportunities with emerging technologies. The question that needs to be asked, is Blockchain the Missing Link in Saudi Arabia’s Vision 2030? We at Avrio believes so.


Avrio Blockchain creates solutions that impact all facets of the supply chain, with a particular focus on logistics. Traceability and transparency are some of the most important foundations of logistics, and Avrio Blockchain can optimize business transactions and trading relationships with robustly secure, global business networks. 


With solutions like TradeLens – the new, open and neutral blockchain-powered platform built to support global trade – major shipping and logistics players are benefitting from a shared ledger that’s updated and validated instantaneously with each network participant.


The results are a greater collaboration, streamlined inventory management, improved asset utilization and more.



Property developers are facing a pincer of problems. On the funding side, banks are tightening the lending criteria which is reducing the LVRs and increasing the presales requirements. Documentation and pre-requisites are getting tougher as well. The need for equity is now more than ever before.


On the other hand, pre-sales are getting harder. This again is a result of tightened lending criteria, where banks are asking for larger deposits from buyers along with several other factors as well.

The big reason a number of people invest in the stock market is that it is expected to be liquid. While our offers are retail, they are not listed on any stock exchange. The size of the raise and the limited period of time of the projects makes it too expensive to go through the listing process. 


Avrio understands that any investor who participates in the offer will have to wait until the project completes and returns money to investors. Each development on an average takes about 2 years to complete. This means once someone invests they won’t see the money back till another 2 years.


This puts a big spanner in the network effect. 2 years is too long of a sales cycle.


Shares listed on the stock market, on the other hand, have a secondary market. Which means if you want to get out you can do so whenever you want. Assuming, of course, there is a willing buyer for your stock. But in a deep enough market, buyers and sellers meet at the required rate to keep the whole thing liquid.


This availability of liquidity attracts more capital to the markets. And offers that are expected to be liquid are able to raise capital at a lower cost than offers that are private or have a lock-in period.


The Avrio blockchain can solve both of these issues for the developer looking to raise capital.


We are building a distributed registry which will have a global reach. Offers listed on the Avrio platform will be able to raise capital worldwide and from a much wider audience of interested investors. A number of investors have already made profits in the crypto space. Avrio allows them to move that capital into real-world assets including offers for property developments.

What's The Difference Between Bitcoin and Blockchain for Business?


Avrio proudly introduces MedicalChain, a new service offered on its platform. The purpose? To allow first responders to pull up medical data from a patient in the case of an emergency when he or she can’t communicate. Such a system would also theoretically involve a wearable device and an RFID scanner.

A method for obtaining a medical record of a patient that is unable to communicate, wherein the medical record of the patient is stored on a blockchain, is provided, including receiving an encrypted private key and a public key associated with the patient stored on a wearable device of the patient, in response to a scanning of the wearable device of the patient at a scene of an emergency, wherein the encrypted private key is decrypted by a biometric signature of the patient, obtaining the biometric signature of the patient by scanning a bodily feature of the patient, decrypting the encrypted private key using the biometric signature of the patient to determine a private key associated with the patient, and accessing the medical records of the patient, using a combination of the public key and the private key associated with the patient, to access a local storage medium of the wearable device.

Let’s break that down into plainer terms. In essence, this system would depend on a wearable device which houses the actual patient data (on a blockchain). Another device, a biometric scanner, in conjunction with an RFID scanner, would be used to identify and then unlock the medical data stored on the wearable device. Two separate digital keys, one private and one public, would be at play, with the private key decrypted by scanning a major biometric feature of the patient (say, a retina image or fingerprint). The purpose here is to reveal the medical information not only to first responders but also with hospitals and health systems that the patient may eventually wind up at.

Is Blockchain Safe?

Blockchain Explained.

Avrio's Blockchain Applications  

Ready to work with us? We’re ready to help turn your idea into a tangible project.



Reaching New Heights

  • Liquidity and downside protection: Unlike other tokens, Avrio tokens will be backed by tangible property and therefore will be more liquid and less volatile - under any possible scenario the tokens will possess a liquidation value. Hence, their current values and future growth can be estimated with a higher accuracy.

  • Saving instruments: Income yielding characteristics of Avrio tokens will make them a good alternative to low-risk savings products such as bank deposits and corporate and government bonds.

  • Access to global real estate: Avrio tokens will enable investors to have exposure to global real estate with the lowest possible transactional costs and decrease entry barriers to this capital-intensive industry, therefore expanding investor universe.

  • Additional returns for Avrio holders: Avrio holders would benefit from diverse sources of revenue including rental and lease returns from property, profits and interest from development projects, earnings from reselling real estate to Avrio.Bloсk holders with premium, and commissions from the ‘minting’ of new tokens for third party proprietors of existing real estate assets.

  • Team experience: Our team consists of experts in finance and the real estate industry with many years of experience and a proven track record of successful returns. We have developed relationships with various industry players such as brokerage firms, legal and financial advisors that help us do business and find the best opportunities on the market.

  • Control: Through Avrio.Block tokens, Investors will have the opportunity to select the assets (from the range prepared by the Avrio team) they invest into and thus manage their risks. These assets will be prescreened by a professional team of real estate experts.

  • Fund raising: Through the Avrio platform, property owners and developers can raise funds in a more effective way because their assets will be exposed to investors from across the globe.

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