21 Blockchain Companies Boosting the Real Estate Industry
Vacation rental houses. Parking spots. Even dream homes. Before long, they’ll all be purchased on a blockchain. In fact, blockchain-based real estate is already gaining popularity as a way for buyers, sellers and investors to interact with each other and learn about properties.
But why is blockchain poised to give the real estate industry such a significant leg up? First and foremost, by leveraging Distributed Ledger Technology (DLT), it increases trust through greater transparency. And in real-estate, trust — of a website, an agent, a listing — is imperative. Blockchain also expedites contract processes, saves time and reduces costs.
BLOCKCHAIN REAL ESTATE
Blockchain’s inherent system of trust makes it the ideal technology for real estate. Real estate companies all over the globe are using blockchain’s smart contracts and ledger abilities to transparently and efficiently facilitate renting, buying, investing and even lending.
Because the daily rate of real estate transactions is so immense, a common database of leases and purchases is more necessary than ever. Blockchain can provide that. Upgrading the traditional Multiple Listing Service (MLS) database to a blockchain-based would create a far more transparent ledger system where brokers and agents could see the entire transaction history of a property.
Besides helping the traditional real-estate industry, blockchain is also being adopted by the burgeoning property-sharing sector. Below are 21 companies that use the increasingly popular technology to boost business.
BLOCKCHAIN REAL ESTATE COMPANIES TO KNOW
- Republic
- SafeWire
- Vairt
- RealT
- PropertyClub
- ManageGo
- RealBlocks
- Meridio
- SMARTRealty
- Reasi
- Propy
- Slice
- Harbor
- The Bee Token
Republic
Location: New York, NY
How it’s using blockchain in real estate: Republic allows people to invest in the opportunities that mean the most to them and allow them to contribute towards a better future for themselves and others. From highly vetted startup opportunities to real estate, video game and crypto investment options, Republic allows investors to help build up new projects, places and currencies and reap the rewards down the line.
SafeWire
Location: Columbus, OH
How it’s using blockchain in real estate: SafeWire, formerly SafeChain, presents a solution to the growing wire fraud challenges that real estate firms, agents, clients and industries face due to hacker intervention. The SafeWire platform operates via a blockchain network to ensure security over vulnerable transactions from the moment they are sent to the time they are received and processed, reducing the amount of money lost, clients lost and time lost due to wire fraud.
Vairt
Location: Cincinnati, OH
How it’s using blockchain in real estate: Vairt is a platform designed to help users earn secondary income by building and diversifying a global real estate network. The robust platform offers several resources and tools to provide the best possible outcomes when investing in fractional real estate, like market overviews, neighborhood insights, property analysis and long-term support, all operating on a blockchain network for supreme security.
RealT
Location: Boca Raton, FL
How it’s using blockchain in real estate: RealT is a fractional real estate investment platform that allows investors around the world to invest in the US real estate market through a fully-compliant, token-based blockchain network. The platform allows investors to buy into tokenized properties with permissionless Ethereum and maintain access to cash flows and low maintenance ownership via RealTokens, allowing owners to access rent payments weekly through US-Dollar stable coin, xDai or Etherium.
PropertyClub
Location: New York, N.Y.
How it’s using blockchain in real estate: PropertyClub is a real estate platform that uses blockchain to refine the way people market, search for, buy, sell and invest in properties. Using smart contracts, the company conducts real estate transactions digitally using cryptocurrencies like Bitcoin or its own PropertyClub Coin (PCC).
ManageGo
Location: New York
How it’s using blockchain in real estate: ManageGo is leveraging blockchain for rental property owners. The ledger-backed software helps property managers and owners process payments, thoroughly complete credit background checks and manage maintenance ticketing. DLT is helping owners get a more transparent, thorough view of payment history and renter backgrounds.
RealBlocks
Location: New York
How it’s using blockchain in real estate: RealBlocks uses blockchain to create new avenues for real estate investing. Its platform lets investors buy fractional interest rather than entire portfolios or assets. Through tokenization that’s applied using blockchain technology, RealBlocks helps reduce fees, speed up processes and provide liquidity options.
Meridio
Location: New York, N.Y.
How it’s using blockchain in real estate: Meridio allows commercial property owners to sell digital shares of their real estate. The company’s platform connects individual and corporate investors with property owners who are looking to liquidate portions of their ownership.
SMARTRealty
Location: Seattle
How it using blockchain in real estate: SMARTRealty uses smart real estate contracts to enact and maintain property purchase and rental agreements. Whether it’s paying rent, establishing mortgages or purchasing a home, the company’s smart contracts help to establish protocols that, if not met, immediately dissolve a contract.
Reasi
Location: Santa Monica, Calif.
How it’s using blockchain in real estate: Reasi is the first end-to-end real estate transaction platform featuring secure and seamless escrow. Instead of relying on third parties, real estate agents can use Reasi’s blockchain-based escrow platform to expedite the real estate buying and selling processes.
Propy
Location: Palo Alto, Calif.
How it’s using blockchain in real estate: Propy is a real estate marketplace that uses smart contracts to enact international property transactions. The company’s platform enables buyers, sellers and agents to use a series of smart contracts that help speed up the real estate process — one that is often hindered by international legalities.
Slice
Location: West Hollywood, Calif.
How it’s using blockchain in real estate: Slice gives smaller investors a chance to invest in commercial real estate. Like Meridio, real estate owners can gain access to a large pool of international investors through the company’s ledger technology.
Harbor
Location: San Francisco
How it’s using blockchain in real estate: Harbor is a compliance platform for tokenizing private securities, including real estate. The company is tokenizing real estate assets, including funds, private REIT’s, building ownership and land in order to increase liquidity and transparency of the market.
The Bee Token
Location: San Francisco
How it’s using blockchain in real estate: The Bee Token is taking a different approach to traditional real estate with its blockchain-based home sharing platform. Conceptually similar to Airbnb but with a big blockchain twist, the Bee Token enables homeowners to rent out their entire house or individual rooms in exchange for cryptocurrency.
ShelterZoom
Location: New York
How it’s using blockchain in real estate: ShelterZoom uses blockchain to manage all aspects of the real estate offer and acceptance process. The secure online platform records every action along the path to closing on a real estate deal to ensure an immutable financial record.
NetObjex
Location: Irvine, Calif.
How it’s using blockchain in real estate: NetObjex is a blockchain developer that uses ledger technology in a variety of industries, but primarily real estate. The company has helped multiple real estate companies implement smart contracts and IoT technology.
StreetWire
Location: New York
How it’s using blockchain in real estate: StreetWire creates secure transaction solutions for the real estate industry through a data provider-controlled encrypted ledger. Its platform facilitates faster and more transparent property transactions.
CPROP
Location: New York
How it’s using blockchain in real estate: CryptoProperties or CPROP builds blockchain data applications that focus on identifying new opportunities, reducing risk and pinpointing issues in the real estate industry. CPROP’s technology is applied to multiple real estate areas, including brokerage transactions, investment management, property development, finance and insurance.
Imbrex
Location: New York
How it’s using blockchain in real estate: A listing platform that decentralizes and encrypts data using blockchain, Imbrex connects buyers with listing agents directly and uses digital tokens instead of money to create more transparency and minimize obstacles in the buying/selling process.
The Crypto Realty Group
Location: El Seguno, Calif.
How it’s using blockchain in real estate: The Crypto Realty Group is a consulting firm that works with crypto escrow and financial consulting companies to helps clients buy and sell residential, commercial, local and international real estate using cryptocurrency.
The Lending Coin
Location: Boise, Idaho
How it’s using blockchain in real estate: The Lending Coin provides peer-to-peer real estate financing through blockchain. The company offers fractional real estate interests, and the use of blockchain ensures that all transactions are transparent and trackable.
Source : builtin.com
