LEEP + Property Facto: Solving the “Big Data” issue

Property Facto is the answer to both the consumer and business owner. For the consumer, they provide solutions that make it easy to organize your items and allow others to contribute information about that item. This information can then be shared and passed along to the latest owner; a “pay it forward” with information and facts. This works on items including but not limited to homes, vehicles, and personal property.

Property Facto’s approach answers two questions:

  • Do customers remember who they purchased their items from?
  • How do we reach out to the current owner directly?

Property Facto will provide a central location where consumers can find a lot of detail about the item they own, and as time goes by this detail will only increase as information is added. The consumer can find out when and who performed work on a piece of equipment, vehicle, or property. This information is listed in an easy and organized format that will make it effortless for the consumer to use. Businesses can share updates, recall information, offers, and links directly for promotions to the end users. Effective, direct solutions where value is offered, and advertising cost can be reduced, which can be passed on to the consumer.

Fortunately, there is now a way to store this information cost-effectively, immutably, and securely. Because of how much history an item can have, especially the more complex the item, the larger the data becomes that needs storage. Of course, we also need access to that data, so this can be a costly endeavor. As it turns out, there is a solution to this that will reduce this cost and increase the efficiency of accessing large aggregates of data, naturally leading to organic expansion and accessibility to a wide demographic range. The solution is Distributed Technology.

LEEP’s solution

For Property Facto’s use-case, Leep has a truly unique and creative approach for the technical feasibility of storing large aggregates of data.

The storage of hundreds of millions of data entries on-chain was impossible or completely inefficient in cost… until now.

Information that is important, personal, or exclusive needs to be secure. Property Facto’s item history will be stored in strict ACID-compliant databases, ensuring the immutability and security of consumer information. Through Leep’s decentralized network, consumer information will be kept in a secure, untamperable and true state. While through its network economy and dynamics of our platform, the cost for entry, storage, and access to item details greatly decreases, and also allows for complete customization of permissions for data access.

Both LEEP and Property Facto believe that the storage, access and security of information should not come at a high cost. However, this notion is confronted with certain technical challenges when the goal is to store hundreds of millions of data entries on-chain and access them atomically. Using a symphony of technical implementations and leveraging currently existing technologies with proprietary design, we have identified a solution that is feasible and comes at a low cost.

The significant take away from our entities converging on this use-case is that it opens up doors for creating infrastructures that allow for large data storage, ease of use in retrieving data, low cost for a more egalitarian solutions, with fortified cryptography.

About LEEP

LEEP collects, delivers and processes trustless data to facilitate a deep data economy with smart contracts and connected big data. Its unique and elegant network design sets the standard for efficient and purposeful
business solutions.

LEEP Technology

LEEP is a scalable, secure, ACID-compliant Smart Contract platform for Sustainable Business. Our truly unique approach and implementations of various technologies have led us to the creation of a network infrastructure that actually works for business, while blockchain technologies thus far have had limitations and impediments.

LEEP has focused on the pitfalls that stand in the way of mass adoption of this technology, and we provide a platform that is flexible for integration and 100% Solidity compatible, with upgradable smart contracts and fortified security. We encourage, aid, and support the development of feasible software solutions that address issues that intend to improve the global ecology and the human experience.

LEEP: The Necessary Blockchain Infrastructure for Business and Sustainability

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