Top Six Blockchain Companies Boosting The Real Estate Landscape
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, leveraging Distributed Ledger Technology (DLT) increases trust through greater transparency. And in real estate, trust is imperative. Blockchain also expedites contract processes, saves time, and reduces costs.
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.
Republic allows people to invest in the opportunities that mean the most to them and allow them to contribute toward 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, 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 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 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 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 Property Club Coin (PCC).
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.