Blockchain-enabled property portal OpenBrix has officially launched

February 11, 2020

Blockchain-enabled property portal, OpenBRix, is now available to users.

The portal facilitates in creating a linked network of agents who can upload listings. It would enable the agents to vote on major business decisions and supervise their customer leads.

Blockchain, the technology is interpreted as decentralization of data. The application of Blockchain in the real estate sector can lead to fraud prevention and disintermediation. It significantly aims at creating a balanced system that prevents the domination of middlemen in dictating terms to buyers and sellers.

The OpenBrix portal aims to create the decentralised network as it is based on blockchain technology. The portal will connect the all key pioneers in the property letting and sales market on the single network. There would be no sole owner to control the money, data or rules of the portal as per the OpenBrix.

According to Adam Piggott, CEO of OpenBrix, the portal would lead to an improvement in the ecosystem of agents and customers. He further added that the portal would be mutually beneficial for both the parties rather than one-way progress. The portal is supposedly considered as the “secure ledger system” which can store data which can be seen by everyone but cannot be tempered.

Read more here

February 11, 2020

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

realtor.com building
Realtor.com Parent Move Acquires Zenlist

Move Inc., the parent company of U.S. real estate portal Realtor.com, has announced that it has acquired Zenlist, a Proptech...

Read More
People Roundup 11July 1
People Roundup: REA Group, CoStar Group, Oikotie

This week's People Roundup starts in Australia, where REA Group is restructuring its Tech team...   Oceania: REA Group cuts...

Read More
Investment Roundup 11 July 2
Funding and Investment Roundup: Urban.com.au, Huspy, NewHome, Spacest

Another valuable domain name has been acquired in Australia, so that's where we'll start with this week's Funding and Investment...

Read More
Product Update July11 3
Product and Services Roundup: Zoopla, Rightmove, Daft, Square Yards, Bayut, Domain

This week's roundup starts with a double whammy for Zoopla in the United Kingdom...   United Kingdom: Zoopla says MyHome...

Read More

Editor's Pick