17 blockchain companies boosting the real estate industry

April 10, 2019
Updated: August 15, 2019
Written by Sam Daley

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.

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.

To read more about other applications for blockchain, click here.

Besides helping the traditional real-estate industry, blockchain is also being adopted by the burgeoning property-sharing sector. Below are 17 companies that use the increasingly popular technology to boost business.

 

Blockchain Real Estate Applications
PropertyClub

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).

 

blockchain real estate applications managego
ManageGo

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.  

 

realblock blockchain real estate applications
RealBlocks

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.

 

blockchain real estate applications smartrealty
SMARTRealty

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.

 

blockchain real estate applications reasi
Reasi

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.

 

blockchain real estate applications propy
Propy

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.

 

blockchain real estate applications slice
Slice

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.

 

Blockchain Real Estate Harbor
Harbor

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.

 

Blockchain real estate applications the bee token
The Bee Token

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.

 

blockchain real estate applications shelterzoom
ShelterZoom

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.

 

blockchain real estate applications netobjex
NetObjex

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 blockchain real estate applications
StreetWire

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 blockchain real estate applications
CPROP

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 blockchain real estate applications
Imbrex

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.
 

crypto realty group blockchain real estate applications
The Crypto Realty Group

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.

 

lending coin blockchain real estate applications
The Lending Coin

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.

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