{"signature": "0x6958d150cb0e8123175ccf9005a3c7d2b4c9f084e5489681c4da32da6c11d62b525f340f1fd9e800618e57eb7afb2b02256b196ba57f002b88328a69c7b2dbb21b", "application": {"round": "0x523d76f39f6e6c7dd6a6707ed3b4490a386434a2", "answers": [{"type": "email", "hidden": true, "question": "Email Address", "questionId": 0, "encryptedAnswer": {"ciphertext": "7s5/a5AVitYS4rviq6B+EX2ugXDJAzxLoxn/aQa3sjfWmWnPSaiKuRH0XCrKb2/3", "encryptedSymmetricKey": "ae58f1112b1df4f41803bb70d8b4357ed3eee29c181be141e7f3d81e7353424fbaac9078f03e28bbfed569b564f4ba07349eed74b713db125c1c931ba14b24157bb6438573d405274c7f0d0584116c0e81c11e51320493d53822d5092f0eada138fa48c26d68b3d30853b7e564cf0c6922eaf0bafbea84adfaf8ed2e20bc98ab0000000000000020c22b96f217f66a18f52abe59c91d8cbb852ee78afb906be694fa0b654ebfe965a1535864313365a7855c886160961d83"}}, {"type": "multiple-choice", "answer": "Research", "hidden": false, "question": "Which of the following RWAIG funding categories does your project fall under? ", "questionId": 1}, {"type": "number", "answer": "50000", "hidden": false, "question": "Funding Request ($USD) ", "questionId": 2}, {"type": "paragraph", "answer": "Many users, particularly CRE investors, lack a comprehensive understanding of blockchain and its potential integration into our financial system. This knowledge gap is significant among CRE investors who are well-versed in traditional investing strategies but have limited exposure to blockchain technology.\n\nBy outlining the entire CRE investing landscape and introducing blockchain securities as a new option that can enhance investor value, we aim to demonstrate to investors that blockchain-based CRE securities are a viable and advantageous alternative worth exploring. Rational investors, when presented with clear, comparative data, will be able to see the potential benefits and make informed decisions about incorporating blockchain into their investment strategies.", "hidden": false, "question": "What problem is your project solving in the RWA space?", "questionId": 3}, {"type": "paragraph", "answer": "Our project stands out because we provide a comprehensive understanding of investing in blockchain-based CRE securities, detailing the experience, costs, and benefits. Unlike other projects, Elseware can actually offer these blockchain-based financial products as a FINRA member Broker-Dealer & ATS.\n\nThis project will benefit the RWA ecosystem on Arbitrum by demystifying blockchain investing for users, making it accessible and understandable. By clearly outlining the advantages and processes involved, we will bridge the knowledge gap and encourage adoption among traditional CRE investors, enhancing the overall value and robustness of the Arbitrum ecosystem.", "hidden": false, "question": "Explain how your project is different from others and will bring value to the RWA ecosystem on Arbitrum. ", "questionId": 4}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - Deployment of RWAs, otherwise type N/A] What stage of development is your project currently in?", "questionId": 5}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - Strengthening Analytics, otherwise type N/A] How many Arbitrum users or projects (rough estimate) would benefit from the analytics you are providing?", "questionId": 6}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Building - RWA Token Standards, otherwise type N/A] How will the standard make it smoother to deploy RWAs onto Arbitrum?", "questionId": 7}, {"type": "paragraph", "answer": "Our research will lead to reduced costs for projects aiming to deploy Real World Assets (RWAs) on Arbitrum through several key mechanisms:\n\nStreamlined Processes: By analyzing the current landscape of commercial real estate (CRE) investment vehicles and comparing them with blockchain-based alternatives, we will identify inefficiencies in traditional processes. Blockchain technology, specifically on the Arbitrum platform, can streamline these processes by automating transactions, reducing the need for intermediaries, and minimizing paperwork, thereby cutting down administrative and operational costs.\n\nEnhanced Liquidity: One of the major cost drivers in traditional CRE investments is the lack of liquidity, which often necessitates significant premiums or discounts to buy or sell assets quickly. Our research will demonstrate how tokenizing CRE assets on Arbitrum can provide enhanced liquidity, allowing for quicker and more cost-effective transactions without the need for such premiums or discounts.\n\nLower Transaction Fees: Traditional CRE investments involve various transaction fees, including broker commissions, legal fees, and other administrative charges. Deploying RWAs on Arbitrum will leverage smart contracts to automate and enforce agreements, significantly reducing these fees. Our research will quantify these savings by comparing traditional transaction costs with those on the Arbitrum blockchain.\n\nReduced Management Costs: Managing real estate investments traditionally requires substantial resources for property management, compliance, and reporting. Blockchain's immutable and transparent ledger simplifies these tasks by providing real-time access to data and automated reporting features. Our research will highlight how these capabilities lower the ongoing management costs for CRE projects.\n\nRegulatory Efficiency: Navigating regulatory requirements can be both time-consuming and costly. Our research will explore how blockchain-based CRE securities can align with or even enhance regulatory compliance through built-in features like automated KYC/AML processes and transparent audit trails. This will reduce the costs associated with regulatory compliance and potential fines.\n\nScalability: By demonstrating the scalability of deploying RWAs on Arbitrum, our research will show how projects can grow without a proportional increase in costs. The efficiency and flexibility of blockchain technology allow for the addition of new assets and investors with minimal incremental costs.\n\nBy providing a comprehensive analysis and case studies, our research will offer practical insights and data-driven evidence on how deploying RWAs on Arbitrum can lead to significant cost reductions, making it a more attractive and viable option for investors and developers alike.", "hidden": true, "question": "[Answer this if you have chosen Research, otherwise type N/A] Describe how your research will lead to reduced costs for projects aiming to deploy RWAs on Arbitrum.", "questionId": 8}, {"type": "paragraph", "answer": "N/A", "hidden": true, "question": "[Answer this if you have chosen Awareness, otherwise type N/A] Describe your awareness content piece and outline its structure in detail.", "questionId": 9}, {"type": "short-answer", "answer": "The target audience will be investors (retail, institutional, accredited), CRE broker dealers, Fund managers, RE developers etc.", "hidden": true, "question": "What is the target audience for this project? ", "questionId": 10}, {"type": "paragraph", "answer": "**Brian Wu, CEO** - Prior to Elseware, Mr. Wu served as Co-Founder and President of Ecesis Investment. In this capacity, Wu directed company operations and managed $250MM AUM trading in the US electricity markets. As the Co-Founder, Managing Director, and Head of Quant at Guzman Energy Group, Mr. Wu led the quantitative and engineering teams to bolster business lines. He devised pricing and risk models for PPA portfolios, guided physical energy procurement, and created and scaled the proprietary ETRM system, elevating financial trading capacity. \n\n**Brian S. Soto, Business Advisor** - Brian S. Soto, Director of Acquisitions & Asset Management at Time Equities, Inc., has worked in the real estate industry in the Greater New York City area for over 15 years. Mr. Soto co-heads an acquisitions and asset management team with responsibilities for a 11,000,000 square foot office, industrial, residential and retail portfolio for Time Equities Inc. Over the past 10 years at TEI he has sourced, underwritten and structured new acquisitions and overseen asset management for over 40 properties in 17 states.", "hidden": true, "question": "What are the roles and experiences of project team members?", "questionId": 11}, {"type": "paragraph", "answer": "0", "hidden": true, "question": "How much funding has your project raised already?", "questionId": 12}, {"type": "short-answer", "answer": "No", "hidden": true, "question": "Is this project already funded by other grant programs? If funded by any Arbitrum-related programs, please specify.", "questionId": 13}], "project": {"id": "0x1d3b1685a1cf7307d832801ba7d45386b8b9c1727b8ea7ce16db24b05531c037", "title": "Blockchain CRE Investment Cost Analysis", "logoImg": "bafkreiasac5oyg7wjbxzwn345nxeiymjgdwcqalofgjyo2n3tprlckvlqi", "metaPtr": {"pointer": "bafkreibdxqhw4tzvmj53u5umhxytz5sluapve4lfic6kpcrovwwwxcmcim", "protocol": "undefined"}, "website": "https://www.elseware.network/", "bannerImg": "bafkreignt4pr77zmaeg2cviyyvcjdl76ufuybkkkv2bgyyvouqv5mztx2y", "createdAt": 1719350028014, "credentials": {}, "description": "This project aims to explore the feasibility and advantages of blockchain-based commercial real estate (CRE) securities by comparing them with traditional investment vehicles such as REITs, ETFs, and syndications. Through an in-depth analysis of current CRE investment options, focusing on upside potential, costs, inclusivity, liquidity, and available data, we will assess how blockchain integration can enhance these aspects. \nA detailed case study will compare traditional CRE syndicate investments with tokenized shares, highlighting the added features and benefits. Additionally, the project will analyze regulatory and compliance considerations to ensure blockchain-based CRE securities align with or improve upon existing regulations. This comprehensive comparison will help investors understand the unique advantages of blockchain in the CRE sector, fostering its adoption.", "lastUpdated": 0}, "recipient": "0xDD78487BEB0B4B4C41d609b6F6338836067623fB"}}