How do i create smart contract backed by a physical object?

dragoneth

I want to crowdfund a real estate Project on Ethereum blockchain (smart contracts) by creating my own token( Its a small scale Project) with the token holders gaining rental income plus any capital appreciation. What would be the simplest way to go for this? all suggestions are greatly appreciated. Thank you in advance.

romeocarrera

ask here [email protected]

bitsanity

Augur uses a reporting (oracle) mechanism in which multiple outside entities "vote" on what really happened and call the smart contracts with the results. Reporters are rewarded for reporting honestly. Each reporter's vote is weighted by the relative amount of reputation they have. And REP is a token for investing in reputation.