My goal was to design an intuitive app that caters to different user targets while remaining easy to navigate. It aimed to educate users about air rights and their value, enable seamless registration, claiming, and monetization of these rights, and integrate blockchain technology for secure transactions. The app also provides tools for evaluating the value of air rights and tracking nearby drones through a radar feature. Each user segment has access to tailored features, ensuring that the app remains comprehensive and accessible for everyone, regardless of their background or experience. Ultimately, the goal was to deliver a frictionless experience that would drive user adoption, simplify airspace management, and support long-term growth.
The business challenge for the SkyTrade MobilApp was to build trust in the emerging market of air rights trading while ensuring transparency and scalability as user adoption grew. We needed to educate users on air rights and blockchain technology, create a seamless onboarding process, and offer valuable features to diverse user segments. Additionally, the app had to be monetizable, balancing advanced features with ease of use to drive user engagement and long-term revenue growth.
The product challenges included integrating blockchain for transparent and secure transactions without overwhelming users, as well as educating users on air rights and blockchain technology. Another challenge was designing an intuitive UI/UX to support all features, ensuring ease of use for a diverse user base. Additionally, the app had to be scalable, capable of evolving as user needs grew and new features were added.
Both quantitative and qualitative research were crucial in shaping the platform’s development. The global market for air rights is estimated to be worth up to $30 trillion, with New York City alone having air rights valued at $550 billion, underscoring the vast opportunity in this sector. Interviews and surveys with property owners, real estate brokers, drone operators, and municipalities revealed key pain points around the lack of a public marketplace for air rights and the complexity of managing them. Users expressed the need for easy-to-use tools to estimate the value of airspace and facilitate secure transactions. These insights guided the design of the platform’s features ensuring the app met the needs of a diverse user base while promoting transparency and efficient marketplace operations.
Research revealed several key insights that shaped our platform’s development. Many property owners, initially unaware of their air rights' value, became interested in monetization through drone usage and development. The prevalence of unauthorized drone flights underscored the need for a platform to facilitate proper rental agreements. Real estate brokers saw air rights as valuable investments, highlighting the need for valuation and transaction tools. Municipalities also showed interest in using air rights for urban planning, like in NYC. These findings helped tailor our platform to meet diverse user needs and address market challenges.
Our competitor analysis revealed no direct competitors in the air rights market. While traditional real estate platforms focus on property transactions, they don’t support air rights tokenization. Blockchain platforms in the RWA and DePIN sectors offer secure transactions but lack solutions for air rights trading. We stand out by combining real estate and blockchain expertise, positioning us as leaders in this emerging market. Leveraging this insight, we created an all-in-one platform with multiple features for a large user segment, providing a seamless experience for property owners, real estate brokers, drone operators, and other key stakeholders.
Property owners need clear, accessible information on what air rights are and how they can benefit from them. <br> Property owners need simple tools to claim and manage their airspace, including tracking usage and potential income. Property owners need seamless ways to monetize their airspace, including leasing or selling rights to drone operators or developers. Homeowners need real-time tracking and reporting of airspace usage to understand the value of their airspace for data-driven decisions. Users need trust in secure, transparent transactions, particularly when dealing with tokenized air rights and blockchain-based payments. All users need straightforward and seamless transaction processes for renting, buying, or selling air rights with minimal friction. Drone operators need real-time tracking and reporting of airspace usage, ensuring they comply with legal boundaries and agreements. Drone operators need an easy way to rent airspace, make payments, and track usage in real-time. Users need tools to assess the value of airspace based on various factors like location, demand, and potential usage. Real estate brokers need tools to buy, sell, and trade air rights, integrated with data for valuation and forecasting. Municipalities need tools to assess and manage air rights for city planning and zoning, along with regulatory tools to ensure compliance. All users need an intuitive and easy-to-navigate platform that consolidates various air rights features in one place. Users need a platform that grows with the market, easily integrating new features and expanding to accommodate increasing demand.
I developed user personas, flow charts, and sketches to understand the goals, pain points, and behaviors of key user segments, including homeowners, brokers, drone operators, traders, and municipalities. These visualizations helped design an intuitive platform for all users, regardless of their familiarity with blockchain or air rights. Flow charts mapped out user journeys, while early sketches refined the layout and features. This process ensured a seamless, engaging experience that addressed the needs of all users.