Real Estate companies around the world use smart contracts and blockchain accounting features to make renting, buying, investing and even lending transparent and efficient.
Blockchain’s inherent trust system makes it the ideal technology for these rental companies.
Holiday home rentals, parking spaces, and even dream homes would soon be bought on a blockchain.
In fact, blockchain-based Real Estate is already growing in popularity as a way for buyers, sellers, and investors to interact and learn about Real Estates.
But why is blockchain poised to give real estate such a huge advantage?
Firstly, by leveraging Distributed Ledger Technology (DLT), it increases trust through greater transparency.
And with real estate, trust (from a website, from an agent, from a listing) is essential.
Blockchain also streamlines hiring processes, saving time and reducing costs.
With the daily pace of Real Estates transactions being so immense, a common database for rentals and purchases is more necessary than ever.
Blockchain can do this. Upgrading from the traditional Multiple Listing Service (MLS) database to a blockchain database would create a much more transparent accounting system where realtors and agents could see a property’s full transaction history.
In addition to supporting the traditional real estate industry, blockchain is also being embraced by the growing Real Estate exchange industry.
Below are some of the top companies that are using increasingly popular blockchain technologies to fuel their business.
Top Blockchain Firms Boosting The Real Estate Industry
These are the top firms utilizing blockchain technology to make huge impacts in the Real Estate Industry:
- Republic
- SafeWire
- Vairt
- RealT
- PropertyClub
- ManageGo
- Propy Inc.
- Reasi
- RealBlocks
- Meridio
- SMARTRealty
- StreetWire
- NetObjex
- ShelterZoom
- The Bee Token
- Harbor
- The Crypto Realty Group
- Imbrex
- CPROP
Republic
Location: New York, NY
How they use blockchain: Republic empowers people to invest in the opportunities that matter most to them and empowers them to contribute to a better future for themselves and others.
From highly valued seed opportunities to investment opportunities in real estates, games and cryptocurrencies, Republic empowers investors to help create new projects, locations and currencies and reap the rewards in the future.
SafeWire
Location: Columbus, Ohio
How they use blockchain: SafeWire, formerly SafeChain, presents a solution to the growing e-fraud challenges facing Estate companies, agents, customers and industries due to hacking.
The SafeWire platform works over a blockchain network to prevent vulnerable transactions from being sent, received and processed, reducing the amount of lost money, lost customers and lost time due to wire fraud.
Vairt
Location: Cincinnati, Ohio
How they use blockchain in: Vairt is a platform designed to help users earn additional income by building and diversifying a global real estate network.
The robust platform offers a range of features and tools to achieve the best possible results when investing in fractional real estate, such as market insights, neighborhood insights, property analysis and long-term support, all running on a blockchain network for maximum security.
RealT
Location: Boca Raton, Fl
How they use blockchain: RealT is a fractional real estate investment platform that allows investors from around the world to invest in the US real estate market.
The platform allows investors to purchase permissionless Ethereum token properties and maintain access to cash flow and low-maintenance property through RealTokens, allowing owners to access weekly rental payments via a USD stablecoin, xDai or Ethereum.
PropertyClub
Location: New York, N.Y.
How they use blockchain: PropertyClub is a real estate platform that uses blockchain to refine how people market, research, buy, sell and invest in real estate.
With the help of smart contracts, the company carries out real estate transactions digitally with cryptocurrencies such as Bitcoin or its own PropertyClub Coin (PCC).
ManageGo
Location: New York
How they use blockchain: ManageGo uses blockchain for rental property owners.
Ledger-based software helps property owners and managers process payments, conduct comprehensive credit checks, and manage maintenance tickets.
DLT helps landlords get a more transparent and detailed overview of the tenant’s payment behavior and payment history.
RealBlocks
Location: New York
How they use blockchain: RealBlocks uses blockchain to create new avenues for real estate investments.
The platform allows investors to buy partial holdings rather than entire portfolios or assets.
By applying tokenization using blockchain technology, RealBlocks helps reduce fees, speed up processes and provide liquidity options.
Meridio
Location: New York, N.Y.
How they use blockchain: Meridio enables entrepreneurs to sell digital shares of their real estate.
The company’s platform connects private and legal investors with owners who want to liquidate part of their properties.
SMARTRealty
Location: Seattle
How they use blockchain: SMARTRealty uses smart real estate contracts to complete and maintain real estate purchase and lease agreements.
Whether you’re paying rent, taking out a mortgage, or buying a home, the company’s smart contracts help create protocols that instantly terminate a contract if broken.
Reasi
Location: Santa Monica, California.
How they use blockchain: Reasi is the first end-to-end platform for real estate transactions with secure and transparent deposit.
Instead of relying on third parties, real estate agents can leverage Reasi’s blockchain-based escrow platform to speed up the real estate buying and selling process.
Propy Inc.
Location: Palo Alto, California.
How they use blockchain: Propy is a real estate marketplace that uses smart contracts to complete international real estate transactions.
The company’s platform enables buyers, sellers and brokers to use a suite of smart contracts that help speed up the real estate process, which is often hampered by international legality.
Harbor
Location: San Francisco
How they use blockchain: Harbor is a compliance platform for tokenizing private securities, including real estate.
The company tokenizes real estate assets, including mutual funds, private REITs, real estate and land, to increase market liquidity and transparency.
The Bee Token
Location: San Francisco
How they use blockchain: Bee Token takes a different approach to traditional real estate with its blockchain-based home sharing platform.
Conceptually similar to Airbnb but with a major blockchain twist, Bee Token allows homeowners to rent out their entire home or individual rooms for cryptocurrency.
ShelterZoom
Location: New York
How they use blockchain: ShelterZoom uses blockchain to manage all aspects of the real estate listing and acceptance process.
The secure online platform records all actions taken towards completing a real estate transaction to ensure an unalterable financial record.
NetObjex
Location: Irvine, California.
How they use blockchain: NetObjex is a blockchain developer that uses ledger technology in various industries, but mainly in real estate.
The company has helped several real estate companies implement smart contracts and IoT technology.
StreetWire
Location: New York
How they use blockchain: StreetWire creates secure real estate transaction solutions via an encrypted ledger controlled by the data provider.
The platform enables faster and more transparent real estate transactions.
CPROP
Location: New York
How they use blockchain: CryptoProperties or CPROP creates blockchain data applications focused on identifying new opportunities, reducing risk and identifying problems in real estate.
CPROP’s technology is applied to various real estate sectors including brokerage, investment management, real estate development, finance and insurance.
Imbrex
Location: New York
How they use blockchain: As a listing platform that decentralizes and encrypts data using blockchain, Imbrex connects buyers directly to listing agents and uses digital tokens instead of cash to provide more transparency and minimize hurdles in the buying process.
The Crypto Realty Group
Location: El Segundo, California.
How they use blockchain: The Crypto Realty Group is a consulting firm that works with cryptocurrency administrators and financial advisory firms to help clients buy and sell residential, commercial, local and international real estate using cryptocurrencies.
