What is your background briefly?

I have gained comprehensive experience in the field of tax and finance while working in EY with companies such as L’Oréal, IBM, General Electric, Accenture and others. In addition, I have managed various projects in the fields of IT, engineering and marketing. I have also gained valuable sales and marketing experience while working as the Head of Sales in a hardware startup and while managing marketing related projects in the biggest retail chain in the Baltics.

Does it seem like a logical background to what you do now?

I would say not exactly, however, I was involved in a lot of IT, engineering as well as marketing projects in the past couple of years. Also this project requires legal and financial knowledge which I gained while working in EY.

1 min pitch for what you are doing now?

Please see links to our short presentation, animation and my video which briefly describes the project.

Why did you get involved with this ICO?

Me and a few colleagues from the current RxEAL team were working on a real estate related FinTech project in 2016 and became enthusiastic about opportunities that blockchain can provide to improve the industry. Specifically, the idea to use Ethereum blockchains for the security deposits appeared once we saw the possibilities that smart contracts can provide, this was something that could not be achieved before as the transaction between parties always involved trusting each other, with the smart contracts it became possible to store the security deposits inside mutual contracts without having a third party (escrow or a tenancy protection scheme) who holds the funds. Eventually this transformed into the creation of RxEAL.de to improve the industry. Specifically, we saw the opportunities in smart contracts providing solutions that were not possible before and eventually this transformed into the creation of RxEAL.

It should be mentioned that idea about RxEAL came from one big property development company which was losing significant funds due to disputes regarding rental security deposits.

Why do you think it is such a powerful idea?

Real estate and car rental are among the largest business industries in the world generating hundreds of billions of US dollars in turnover. People are in constant need of finding the right place to live, work and travel, thus, creating a regular demand for real estate properties and car rental services that are the most popular types of rental transactions in the world.

RxEAL is a solution for eliminating a growing number of fraud cases in rental transactions associated with unfair withholding of funds from the security deposit at the end of the rental agreement by providing an interface to engage in these activities using smart contracts requiring no technical knowledge. Not only does RxEAL solve the aforementioned problem, it also provides much faster deposit return rates and cost effectiveness compared to current off-chain solutions.

RxEAL solves real life problems which almost every one of us has encountered and blockchain is the only way we can solve it.

Additionally, we want to cooperate with existing service providers by creating value to their rental products and not take their business away.

How can people find out more about the ICO?

We have listings in almost all ICO listing websites, numerous articles bitcointalk, YouTube videos, adwords ads, telegram ads, through advisors network, by following us on social media channels, telegram group etc. We are sending regular newsletters and updating community through our Telegram group. We have also contacted various funds, VCs etc.

How can people contact you & learn more about you?

https://www.facebook.com/RxEAL

https://twitter.com/rxealofficial

https://t.me/rxealofficial

https://medium.com/rxeal

https://bitcointalk.org/index.php?topic=2518611

Or they can contact team members and advisors through their LinkedIn.


If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at [email protected] or on Twitter: @SimonCocking.

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