Key highlights:
Parcl and Truflation collaborate to improve global real estate market transparency and data accessibility.
Parcl Labs provides comprehensive housing data aggregated from over 5,000 sources.
Truflation will integrate Parcl's data to offer detailed real estate market insights in the US and UK.
Parcl and Truflation join forces to transform real estate data access
Parcl is a leading on-chain real estate synthetics platform and they have partnered with Truflation, a premier provider of real-world asset indices and inflation data. This collaboration will improve the transparency and accessibility of housing data, delivering valuable insights into global real estate markets.
Parcl's platform facilitates real estate index markets for speculation or hedging, featuring scalable liquidity provision and flexible governance. This introduces new opportunities for risk management and market speculation in the real estate sector. Housing costs, which significantly impact inflation, are addressed by Parcl Labs, offering complete and real-time data essential for market analysis and property valuation.
Parcl Labs aggregates data from over 5,000 sources, covering rental, listing, and sales activities, indexed at the property level. This provides a reliable repository of housing market information. Truflation will utilize Parcl's advanced housing data API to offer users in the US and UK accurate information on home ownership and rental costs, empowering them to make informed financial decisions. Truflation tracks various housing metrics, including house sales, median list prices, vacancy rates, and new listings, providing comprehensive insights into real estate markets.
“Truflation is a unique and trusted data infrastructure provider that continues to deliver real time insights on inflation used by many individuals and institutions around the world. We are excited about the potential to power more on and off-chain applications by leveraging Parcl Labs data,” -Parcl CEO, Trevor Bacon
Next steps in advancing real estate data technology
Parcl’s innovations include the world's first real-time home price index marketplace, setting the stage for advanced housing applications, machine learning, and analytics. By leveraging the API price index and Parcl’s real estate data API layer, the Parcl ecosystem increases accessibility to secure global real estate markets, aligning with Truflation’s mission to democratize finance.
"Integrating Parcl's real estate data into the Truflation ecosystem enhances our ability to provide accurate and actionable insights to our users. This collaboration represents a significant step forward in our mission to revolutionize real estate data access in DeFi." -Stefan Rust, CEO of Trueflation
The partnership between Parcl and Truflation marks a milestone in modernizing the real estate data landscape, driving increased financial inclusion and accessibility worldwide. It aims to transform the way housing data is accessed and utilized on-chain by offering comprehensive insights and bringing transparency ain the real estate market.