Project Owner In The Blockchain Ecosystem
Any business project has an owner behind its success and continuity. The nature of a project reflects the calibre and commitment of its owner. All projects in the crypto space have their originators or owners. One such successful project is Funder One-Capital, which is in the real estate business.
An owner of a project is a person, organisation or group of people who start, fund, maintain and grow a project. From its inception, the owner establishes the objectives, strategies and guidelines of the project. For example, the owner of a project at Funder One-capital sets the Project Compact.
The Project Compact is a document that contains the objectives, settings, and automated agreements of the project. It also includes the software used on the platform. The owner also actions strategies to achieve the desired goals or aims.
With Funder One Capital, the project owner coordinates and implements the issued tokens that represent a real estate component such as a house. The owner ensures that the tokenised real estate component exists and is bonded through necessary legal agreements, apart from smart contracts.
When the physical asset is tokenised, the owner arranges for the sale of the tokens, through all phases, such as Initial Coin Offering (ICO). Again, it is the role of the owner to organise, liaise with and coordinate the various collaborators such as business partners, developers, architects, contractors and escrow agents, among others.
In conclusion, the owner of a project creates the blueprint, identifying, analysing and controlling risks associated with the project. He/she is also a beneficiary from the returns of the project. The demands of managing physical businesses are the same as managing crypto-based projects such as Funder One capital.
