Sytemap operates a blockchain-powered platform that facilitates property acquisition through transparent, installment-based savings plans. The service allows users to select verified land plots and make scheduled payments, with all transactions recorded on the blockchain for security. Upon completion of payments, users receive land deeds and NFT-based certificates of allocation, often accompanied by SYTE token cashback rewards.
Funding
$400K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional land transactions often lack transparency, making it difficult for buyers to verify land details and increasing the risk of fraud. Physical inspections are typically required, adding time and cost to the process, especially for remote properties.
Solution
Sytemap provides a platform that leverages satellite imagery and blockchain technology to enable users to remotely inspect, verify, and reserve real estate plots. The platform offers a marketplace where users can access vetted estate lands, explore the estate environment through satellite imagery, and view land registry information. By tokenizing land ownership and recording transactions on a blockchain ledger, Sytemap ensures transparency and prevents fraud. The platform also facilitates community-oriented land ownership, enabling like-minded individuals to own plots together.
Target Audience
Sytemap primarily targets individual land buyers, particularly women and first-time buyers, as well as real estate developers seeking to enhance trust and accelerate sales.
Features
- Satellite imagery tool for virtual land inspections, allowing users to zoom in and navigate the estate environment.
- Real-time estate status updates, with color-coded plots indicating availability (green) or sold status (red).
- Land registry information display, providing users with comprehensive details about the estate.
- Plot reservation functionality, enabling users to select and reserve plots online.
- Blockchain-based transaction recording for secure and verifiable ownership.
- Instant generation of receipts and certificates/letters of allocation from the Estate Developer.
- Integration with Sytemap OS, an operating system for estate developers.
- AI payment tool for instant settlements and land allocation.