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35+ Startups Using Blockchain to Transform Real Estate [Market Map]

  • 6 December 2018
  • John Drebinger

Real estate is one of those industries that has been slow to adopt new technologies. It relies heavily on human knowledge work and personal relationship building as its primary tool for driving value. When it comes to blockchain, however, the real estate industry has been quick to act.

Why the sudden change? First and foremost, blockchain solves problems for the real estate industry that other digital technologies weren’t well-suited for. Tools like smart contracts and blockchain-verified title ownership are clear ways in which blockchain provides real value for the real estate industry.

Because blockchain is a secure distributed ledger technology, built with transaction management in mind, it’s perfect for an industry that relies on large scale transactions based on complex agreements and contracts.

Everyone in the industry is clambering to apply blockchain to improve existing processes, and whether you’re a mortgage broker, a bank, or a real estate agent, there are probably blockchain applications coming down the pipe that will impact the way you do business. These companies are leading the way with some of the first real world applications for blockchain within the real estate industry. Read on to learn more about how this technology will impact your industry, and where opportunities for future integration are still open for development.

Blockchain in real estate market map


CATEGORY #1: TOKENIZING PROPERTIES / FRACTIONAL OWNERSHIP 

Blockchain market map - Real estate - Tokenizing properties / Fractional ownership

One of the more promising applications for blockchain in the real estate industry is the tokenizing of physical real estate assets. With ICOs pioneering the creation of purely digital securities, there is a clear use case for leveraging a similar model to increase liquidity for real estate investors and open up the possibility for fractional ownership. Since an investor can purchase a percentage of tokens that represent a partial stake in a property, they can invest in properties that would have previously been too expensive. The fact that it’s one of the more compelling use cases is also why so many companies are working to develop tokenized investing platforms.


bit-of-propertyBitOfProperty

BitOfProperty joins the growing number of real estate companies using blockchain technology to help people invest in fractional ownership of property. BitOfProperty allows investors to invest in real estate by purchasing BITS, which represent ownership of the listed rental properties. By tokenizing the ownership of properties, companies like BitofProperty are opening up rental investing to a whole new class of investors.

Founded: Jul 3, 2017

Funding type: Private/Undisclosed  


FundPlacesFundPlaces/FUDA

FundPlaces is providing a global real estate investment platform through tokenizing properties and opening them up to fractional investment from investors around the world. Powered by partner FUDA’s blockchain platform, they help users digitize real estate on the blockchain. FundPlaces users gain access to properties that would otherwise be difficult to find or prohibitively expensive. With the benefits of a transparent blockchain infrastructure, users can trust the validity of their investments.

Founded: 2015

Funding type: Private


meridioMeridio 

Meridio is a ConsenSys project designed to help fractionalize ownership of various real estate assets. Investors gain access to a variety of properties with greater liquidity and lower capital requirements than traditional real estate investing. Asset owners and investors access their investments through a web application that houses property dashboards, due diligence, and peer-to-peer trades.


atlantATLANT

ATLANT is a blockchain real estate platform ICO that is seeking to tokenize a diverse range of real estate assets to help open up fractional investment in properties. Currently in beta, their platform claims to facilitate the tokenization of properties and rental arrangements.

Founded: December 2016

Funding type:  ICO


blocksquareBlocksquare

Blocksquare aims to bring blockchain services to existing real estate businesses. They are working to create a series of protocols and APIs to help real estate incumbents tokenize existing properties and assets to increase liquidity and bring the industry through a true digital transformation.

Founded: 2017

Funding type:  Private


swiss-real-coinSwissRealCoin

SwissRealCoin is the flagship project of Crypto Real Estate. It is a token closely linked to Swiss Commercial Real Estate, and its value is tied to real world assets. Their primary goal is to automate the management of real estate assets through digital platforms powered by their token.

Founded: November 2017

Funding type:  Private


realty-bitsRealtyBits

RealtyBits is a Y-Combinator-backed finance platform powered by blockchain. Their goal is to create a decentralized platform for investors to purchase commercial properties, and to open up investment in American real estate assets to global investors. Enabling real estate funds to raise capital through cryptocurrency investments, they hope to lower the costs of investing in commercial real estate.

Founded: 2018

Funding type:  Private


real-blocksRealBlocks 

Built on the Ethereum blockchain, RealBlocks is a platform designed to help users raise capital from around the globe by tokenizing assets like real estate, which also helps increase the liquidity of these investments. Investors place fiat in their platform wallet and can then purchase tokens that correspond with the properties they’d like to share ownership in.

Founded: 2017

Funding type:  Private


global-reitGlobal REIT 

Global REIT is modeled after the Real Estate Investment Trust (REIT), a popular real estate investment tool. Global REIT plans to leverage blockchain to pay investors in their REIT token dividends, increasing the liquidity of their investments. By tokenizing a successful investment vehicle, they can provide investors new to crypto with a more stable and liquid asset.

Founded: 2018

Funding type:  Private 


relexRelex

Relex is a real estate cryptocurrency designed to enable investment in properties while they are still in the development phase. This model means investors gain access to opportunities like proxy ownership, and get a say in the overall development and long-term management of a property.


bitrentBitRent

BitRent is a blockchain-powered platform meant to draw investment to commercial and residential properties during the development and construction stage. It helps ensure the success of development while giving investors the opportunity to profit from the future rental of the term of investment.


harborHarbor

Founded in September 2017, Harbor is working to re-engineer private securities using blockchain to help create a series of tokenized securities backed by real-world assets. For the real estate industry, this means compliant tokenized assets that investors can be confident won’t fall into question with regulators. The Harbor platform, powered by its compliance protocol, works to ensure tokenized securities comply with existing securities laws on trades based on the regions they are conducted in.

Founded: September 2017

Funding type:  Private


CATEGORY #2: DIGITIZING CONTRACTS & AGREEMENTS

Blockchain market map - Real estate - Digitizing contracts and agreements

So much of a real estate transaction is bound up in outdated paper processes. Processes like loan approval, title, and escrow all require a massive amount of paperwork, and frequently experience redundancies that could be resolved with more secure identity and financial documents. That’s why blockchain could have such a major impact on the real estate industry. By creating trustless systems that verify all parties' identities, ownership rights, and available funds, these lengthy processes could happen over the course of a single day.


buildinBUILDIN 

BUILDIN is a communications and information process management platform. They utilize the blockchain to provide simplified communications routing that is secure, reliable, timely, transparent, and traceable. Their approach aims to provide distributed data storage, but with layers of control to help limit access to credible parties, with all of the security advantages of the blockchain. Their goal is to support brokerages, banks, and other constituencies in real estate to help streamline the often complex communication involved with real estate purchases.

Founded: 2016

Funding type:  Private


simmstSIMMST 

SIMMST identifies itself as a Blockchain-Solutions-as-a-Service firm, providing advisory services and blockchain applications for the real estate industry. They develop an array of solutions to help digitize the industry. Their app Handover is designed to help create property transfer protocols without numerous costly intermediaries.

Founded: Jan 13, 2017

Funding type:  Private


agent-not-neededAgent Not Needed 

Agent Not Needed is a platform seeking to replace the need for real estate agents by giving buyers and sellers a peer-to-peer platform that requires less intermediary management. By automating the creation of various contracts using blockchain, they hope to reduce the cost of real estate transactions by removing fees charged by middlemen. Their token is a utility token designed to act as the currency for all services conducted on the platform.

Founded: 2017

Funding type: ICO


brikbitBrikBit 

BrikBit is a blockchain ecosystem working to decentralize the real estate industry and make transactions more transparent. Their goal is to enable unique real estate projects to create their own blockchain, which will be sidechains of the BrikBit blockchain. This way, projects can be tailored to meet local regulatory requirements. Their systems will help with fund collection and property management.

Founded: 2018

Funding type:  Private


dominiumDominium

Dominium is a project from Munte Immobilien and Max Property Group. These two groups have self-funded the development of the Dominium platform, which they anticipate will be one of the earliest global property platforms built on the blockchain. They hope to have comprehensive offerings that include tokenized properties, along with rental and property management capabilities. They hope to decentralize the trade of various assets, and put key documents like contracts and agreements on the blockchain.

Founded:  Mar 14, 2016

Funding type:  Private


nobulNobul 

Nobul is an established technology company that works to connect buyers with real estate agents who meet their specific needs. In September of 2018, they announced that they have integrated blockchain into their platform to help simplify and secure the forms that are most critical in real estate transactions. By placing these agreements on the blockchain, Nobul hopes to increase the veracity of documents like Broker-to-Broker Referrals, Listing Agreements, and Buyer Representation agreements. This added layer of transparency will help make real estate transactions less opaque and more fair for all parties involved.

Founded: 2017

Funding type:  Private 


figureFigure 

Led by former SoFi CEO Mike Cagney, Figure is a company building a blockchain protocol that will bring the often days-long loan approval process down to a matter of minutes. The firm is well funded with over $50 million in capital, and their protocol is being backed by a number of significant banks. Their hope is to use blockchain to increase data veracity in the lending process to reduce risk and decrease the time involved in the approval process.

Founded: 2018


brickschainBrickschain

Brickschain is a data management platform designed to help the real estate industry by placing construction and development data on a secure blockchain. Their platform promises to digitize aspects of the construction supply chain, while adding protocol layers to help manage the flow of materials. This will help not only in streamlining real estate development, but also in creating provenance for materials so problems can be resolved quickly and transparently.

Founded: December 2017

Funding type:  Private


urbytusUrbytus

Urbytus is an existing cloud platform designed to help communities streamline the management of their HOAs. Their platform helps facilitate interactions between homeowners/HOAs, property management companies, and service providers. They are currently working to integrate blockchain technology with their HOA services to help increase transparency and reduce the need for costly arbitrators.

Founded: 2007

Funding type:  Private


CATEGORY #3: TITLE TRANSPARENCY

Blockchain market map - Real estate - Title transparency

The title process works to a degree, but it’s generally opaque, and a lot of information about a property can be lost to time. Since blockchain’s distributed ledger technology is immutable and lasts as long as the network is running, key data about a property can be recorded and made available to all future owners and investors. Whether it be a transparent ownership history or a detailed record of all maintenance and repairs, blockchain could help make real estate investing more fair for all parties involved.


propyPropy 

Propy is arguably one of the earliest and most successful blockchain-driven real estate projects. They offer a global real estate marketplace with decentralized title registry. Their aim is to solve the problems facing international real estate transactions by creating a property store and asset transfer platform for the global real estate industry. Their platform allows buyers, sellers, brokers, and escrow/title agents/notaries to come together through the utilization of a suite of smart contracts on the blockchain to facilitate transactions.

Founded: Jan 6, 2017

Funding type:  Private


elea-labsElea Labs

Elea Labs is in Switzerland in a region known in the industry as “Crypto Valley.” They are working with Bitcoin lightning networks to give properties a distinct “Property DNA.” Similar to self-sovereign identity on the blockchain, their hope is to create a new way of identifying ownership that is more secure and fraud-proof than existing title processes.

Founded: 2017

Funding type:  Private 


imbrexImbrex 

Imbrex is a data management platform leveraging blockchain’s decentralized ledger approach to democratize data in the real estate industry. By creating distinct identities on the blockchain, and storing other key data sets, Imbrex hopes to help decentralize MLS and give listing agents better access to market data.

Founded: 2016

Funding type:  Private


ubitquityUBITQUITY

UBITQUITY has a Software-as-a-Service (SaaS) blockchain platform that helps track the life cycle of a property, including ownership data, title, and other key documents. Their goal is to help e-recording companies, title companies, municipalities, and custom clients gain access to a more transparent record of ownership.


CATEGORY #4: TRANSACTION SECURITY & FRAUD PREVENTION 

Blockchain market map - Real estate - Transaction Security and Fraud Prevention

One of the reasons real estate processes take so long is they involve massive amounts of capital, and there is immense fear surrounding the possibility of fraud and default. The good news is, blockchain is well-suited to prevent fraud and other forms of faulty payments. These companies are leveraging blockchain to streamline payments, improve the security of real estate transactions, and prove that parties have the funds needed to transact in both rental and purchase scenarios.


safechainSafeChain

SafeChain uses blockchain technology to simplify real estate transactions and fight against fraud that occurs in the industry. Their SafeWire technology uses blockchain to verify key stakeholder data sets, like identity and bank account ownership, along with more secure wire transactions.

Founded: Jan 1, 2017

Funding type:  Private


cpropCPROP

CPROP’s blockchain-powered transaction management system integrates with property portals around the world in an attempt to reduce the need for trust in real estate transactions while increasing revenue potential. For property buyers, CPROP aims to facilitate real estate transactions over any distance by providing blockchain-authenticated documents, smart contract escrows, process automation, and options to choose user-rated service providers.

Founded: 2017


the-crypto-realty-groupThe Crypto Realty Group 

The Crypto Realty Group is the brainchild of Piper Moretti, a real estate professional who facilitated some of the first home sales made with cryptocurrency in California. The Crypto Realty Group lists homes for sellers willing to accept payment in cryptocurrency and provides all the regulatory and transaction support required.


shelter-zoomShelterZoom

ShelterZoom is a real-time, multi-party real estate platform that uses blockchain technology to make buying, selling, and renting property more transparent, efficient, secure, and profitable. Their hope is to simplify real estate transactions and management to the point that they can be conducted through the use of their mobile app.

Founded: 2016

Funding type:  Private


managegoManageGo 

ManageGo is a software platform for property managers, by property managers, that provides online payments and maintenance ticketing. Their most recent offering is an app that helps property managers accept cryptocurrency for rent payments.

Founded: 2011

Funding type: Private 


dashingDashing

Dashing is a platform for home services that seeks to replace trust between homeowners and service providers with blockchain-powered smart contracts, dispute resolution, and reputation management. Their aim is to reduce costs for homeowners by removing middlemen and platforms that charge high transaction fees.


CATEGORY #5: DECENTRALIZED P2P RENTAL & INVESTMENT

Blockchain market map - Real estate - Decentralized P2P Rental and Investment

The peer-to-peer and sharing economies are on the rise. With everything from home sharing apps like Airbnb to crowdfunding platforms like Kickstarter, people are rethinking how they leverage their existing assets and raise money for new ones. Blockchain shows a great deal of promise in this arena for the real estate industry because it can decentralize platforms to create more egalitarian markets. These companies are using blockchain to facilitate lower cost peer-to-peer rental markets and to reduce barriers to crowdfunding for new properties.


rentberryRentberry

Rentberry has a full service home rental platform. Now they are launching an ICO to integrate blockchain technology into their services. Rentberry plans to streamline the entire long-term rental process using blockchain and smart contract technology; they plan to eliminate the need for a middleman, making it possible for tenants and landlords to complete all rental tasks in one place.

Founded: Aug 28, 2015

Funding type:  Private/ICO


dyvareDYVARE

DYVARE is a real estate platform built with blockchain technology that hopes to democratize access to properties that are currently cost prohibitive or closed to anyone outside of qualified investors. By creating a peer-to-peer marketplace, they hope to make a more egalitarian real estate investment market.

Founded: 2017

Funding type:  Private


the-bee-tokenThe Bee Token

Beenest is a part of the growing movement of home sharing platforms like Airbnb working to decentralize home sharing and make it more egalitarian for both homeowners and renters. They leverage their token, The Bee Token, to facilitate transactions on the platform. The ICO raised $15,000,000 and the Beenest app is currently in alpha.

Founded: 2017

Funding type:  Private/ICO


the-lending-coinThe LendingCoin

The LendingCoin is a real estate platform designed to leverage blockchain technology to create a more peer-to-peer-driven funding model for commercial real estate. They plan to facilitate payments on the platform through the LendingCoin token. Continued mining will support the resulting monthly payments from any refinancing conducted on the platform.

Founded: 2017

Funding type:  Private


wealth-migrateWealth Migrate

Wealth Migrate is a digital marketplace for real estate that allows investors to crowdfund different real estate assets. Their WEALTHE coin will help facilitate transactions on their recent blockchain integrations to the platform.

Founded: Jun 10, 2009


etheeraEtheera

The Etheera project was founded by the real estate group IZ Immobilien Kriens GmbH. Etheera is a decentralized real estate platform for global markets. The platform is based on the Ethereum blockchain and is designed to help streamline short-term rental processes for all parties. Etheera is working to create solutions for everything from bed & breakfast stays to popular home sharing.

Founded: 2017

Funding type:  ICO

 

Want more blockchain in real estate content?

Read: Blockchain for Real Estate: 10 Possible Use Cases

About John Drebinger

John Drebinger is a champion for disruptive technologies, with special expertise in Blockchain and Space tech. He is the host of the Blockchain Disruption podcast, and a member of Disruptor Daily’s Blockchain research corps.

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