Today we will talk about the real estate series projects in RWA on the blockchain. In fact, we have talked about many real estate projects before, such as parcl, landshare, labs, etc. Because the real estate in China has been sluggish recently, in fact, foreign countries have explored blockchain real estate for a long time. Let's take a look and see if there are any targets with more potential.
1．Propy
Website: propy.com/home/
Propy, a company backed by Silicon Valley leaders and the NAR REACH Technology Growth Program, is revolutionizing the real estate industry by deploying a new technology. Propy’s CEO Natalia Karayaneva has 15 years of experience in the real estate industry and was founded to automate the real estate sales process. Propy is creating a new unified property transaction and asset transfer platform for the global real estate industry to solve the problems faced by global real estate transactions. Initially, the Propy Property Registry will mirror the official real estate transfer land registry records on the blockchain. Later, Propy’s ultimate vision is to have jurisdictions adopt the Propy Registry as their official record book so that property transfers in the “Propy Property Registry” can be legally registered. Using the Propy Registry and Propy’s smart contract platform, delays and obstacles that should not occur in traditional property title registration systems can be eliminated.
The Propy platform aims to connect property buyers, sellers, investors, and registrars around the world through innovative technology, using mobile devices, cloud computing, and blockchain technology to make transactions more secure and transactional. Propy has processed $4 billion worth of transactions for consumers and agents from Compass, eXp, The Agency, Redfin, KW, Remax, Realty Austin, ACME, and more. Buy and Sell Homes with Bank Transfer Find a tech-driven agent on Propy, make/accept offers, pay down in USD through Propy Online Payments, and close the deal with our integrated tech-driven escrow and title companies. Buy and Sell Homes with Crypto Find a crypto-certified agent on Propy, make/accept offers in crypto, pay in crypto through the Propy Crypto Exchange, and close the deal with crypto-friendly escrow and title companies on our platform. Buy and Sell Homes as NFTs Experience groundbreaking home purchases in a few clicks through real property NFTs. Propy invented the world's first NFT for homes. You can list your property as an NFT or list it on the MLS. No need to wait 30 days to close when buying a property NFT.
2. PROPERTYCLUB
Website: propertyclub.nyc
PropertyClub is a real estate platform that uses blockchain technology to optimize the way people view, rent, buy, sell, and invest in real estate. In addition to using smart contracts, the company also uses digital currencies like BTC and its own PCC to complete real estate transactions. Currently, the PropertyClub blockchain platform has listed nearly 5,000 New York properties for sale or rent.
3. MANAGEGO
Website: managego.com/
ManageGo is using blockchain to serve owners of rental properties, helping real estate managers and owners speed up the payment process, conduct comprehensive credit checks and manage ticket maintenance through ledger-based software. DLT is helping owners get a more transparent and comprehensive record of payments and background information on tenants. ManageGo is adding digital currencies such as BTC and ETH to its payment application and will soon enable tenants to pay their monthly rent using these digital currencies. The application uses the Coinbase application programming interface (API) to convert all digital currencies used for payment into US dollars, which are then paid to landlords who use the platform to manage their relationships with tenants.
4. REALBLOCKS
Website: www.realblocks.com
Decentralized blockchain solutions are enabling the tokenization of alternative financial assets – including the multi-trillion dollar private equity, private credit, and private real estate markets. Founded in 2017, RealBlocks uses blockchain to open a new channel for real estate investing, allowing investors to purchase fractional interests rather than full portfolios or assets. The RealBlocks tokenization solution enables more efficient financing, more cost-effective compliance, simpler documentation, and most importantly, secondary trading of illiquid alternative assets. The RealBlocks network also enables wider distribution of alternative private financial assets, lower costs for investors and distributors, and liquidity and transparency in the secondary market.
5. HARBOR
Website: harbor.com/
In February 2020, cryptocurrency custody service provider BitGo announced the acquisition of security token platform Harbor. The acquisition includes Harbor subsidiaries, including broker-dealers regulated by the Financial Industry Regulatory Authority and transfer agents regulated by the U.S. Securities and Exchange Commission (SEC). Harbor is a compliance platform for tokenized private securities, including real estate. The company is tokenizing real estate assets, including funds, private real estate investment trusts, home ownership and land to increase market liquidity and transparency. In September 2019, Harbor announced that it would work with real estate company iCap Equity to tokenize $100 million in real estate fund securities to increase securities liquidity. These equity tokenizations will make transactions between 17 private securities brokers and 1,100 investors more convenient and liquid. These investors can only execute transactions after meeting relevant regulations, such as KYC and AML. In 2018, Harbor worked with the real estate department of DRW Holdings to tokenize The Hub apartment in Columbia City, USA. The
6. SHELTERZOOM
Website: www.shelterzoom.com/
ShelterZoom was founded with the goal of disrupting the way people buy, sell and rent properties. In 2017, they launched the world’s first blockchain real estate platform, providing insight into every stage of a property sale and negotiation. After winning the 2018 SIIA CODiE Best Emerging Technology Award for “High Impact Products”, they are developing a disruptive, industry-agnostic platform that transforms contracts into Contracts of Things (CoT). ShelterZoom aims to simplify the process of making and receiving real estate services, reducing paperwork and increasing transparency in buying and selling. In November 2019, they announced their entry into the Asian market. The company has already recruited several talented people from the region to join its team and is based in Melbourne, Australia, with an office set to open in the first quarter of 2020. This will be followed by a second Asia-Pacific office in China. According to ShelterZoom, there are currently hundreds of thousands of property listings that include a NOW button, and this number is expected to continue to grow rapidly as the company plans to target the majority of the online real estate market in the next three years.
7. STREETWIRE
Website: http://www.streetwire.net/
StreetWire is a blockchain-based decentralized network for supporting the verification, analysis, and protection of real estate-related data for smart contracts. StreetWire is building a decentralized clearinghouse for real estate data and transactions that will streamline the process of closing, lending, and valuing properties while returning value and control to the data producers. For real estate data producers such as brokers, appraisers, and attorneys, StreetWire provides effective control over the data already generated in daily transactions and provides expectations for future returns. StreetWire ensures that when real estate data is used, the owner of that data will be charged, and if the owner of that data no longer wishes to share the data, they can revoke third-party access. For real estate data consumers such as financial institutions, exchanges, and funds, StreetWire provides the most timely and accurate data for the world's largest asset class.
8. CPROP
Website: cprop.io/
CryptoProperties LLC, or “CPROP,” is a blockchain-based real estate transaction management system that allows buyers, sellers, and their respective service providers to complete real estate transactions in a transparent and secure manner. When potential homebuyers browse a property portal, they will have the opportunity to begin using CPROP services through the “Help me buy a property” option. This will lead them into a free management process where they can select service providers such as real estate agents and attorneys based on user ratings to get information and assistance every step of the way. Other service providers such as contractors, inspectors, mortgage brokers, and decorators will also gain additional sales channels through CPROP — remote and international buyers will select a trusted local service based on user reviews for these service providers on the platform. The platform will provide a cost-effective way for all service providers to reach more potential buyers. The company’s initial revenue will come from membership fees, with other potential future revenue streams including archiving and retrieving data, advertising, and administrative fees generated when real estate transactions are closed.
To sum up, these projects are some of the very early real estate projects. Currently, only the Propy project has issued coins, and the others have not. They only partially utilize blockchain technology, such as some for payment, and some for chain. Many of these early projects are not doing well, and the new real estate projects, such as parcl, landshare, etc. have also fallen badly recently, still affected by the overall environment. However, real estate is indeed a very important asset worldwide. Even if this round of bull market does not start, the next round should be almost the same, so it can be put on our watch list.
