9 Oct, 2019

Blockchain-based Real Estate Platform Goes Live

A blockchain-based real-estate platform has gone live in the US and the global launch is expected to be sometime in 2018.

The project is called Shelter Zoom, based on ethereum. The platform offers a widget, a dashboard and an app that helps buyers or their agents to instantly submit an offer from any online real estate listing.

According to their website, as it is blockchain-enabled, this will ensure transparency. They also propose to remove the hassle of handling middlemen and improve data security.

What is blockchain?

A blockchain is a digitized, decentralized, public ledger of all cryptocurrency transactions. It is constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, and allows market participants to keep track of digital currency transactions without central record-keeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.

In a mail to CryptoNews, the company said, they have not done an ICO yet. Their current focus is to develop the company’s platforms to a very high standard, and roll out globally.

At the moment, the platform is in its beta stage and is being tested by a New York-based property and land company, the first real-estate listing customer. The portal is also accepting on-the-spot offers for its widget, OFFER NOW which can be integrated with an affiliate website.

The co-founder and CEO of ShelterZoom, Amir Allen Alishahi said, “As the online shopping market has matured, consumers have become increasingly willing to purchase high-value items online, and real estate is no exception.”