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ShelterZoom has announced a blockchain-based platform for real estate, anticipated to launch in Q1 2019 and expected to be the first in the industry, according to the company.

The marketplace will incorporate a proprietary blockchain platform built for real estate transactions and services (title, mortgage, legal, home inspection, moving, etc.). It is the first step in a planned roll-out across other industries, like financial services, import/export and supply chain.

“With this next-generation blockchain-powered marketplace, we are taking the real estate industry into technology’s future,” says Chao Cheng-Shorland, CEO and co-founder of ShelterZoom. “Our current platform is already helping agents, buyers, sellers and renters make the big leap to technology’s present, and we’re excited to initiate another industry sea change in early 2019.”

The marketplace will allow for instant deal-making, interactive contract management, speedy closing and convenient service acquisition. The benefit to all participants in the marketplace—real estate professionals, consumers and service providers—will be the ability for any party to showcase, initiate, negotiate, consummate, search and refer deals, and acquire services at their fingertips.

“ShelterZoom is spearheading a long overdue change to outdated real estate industry transaction management platforms,” says John L. Heithaus, an advisor to the company and former chief marketing officer at Bright MLS, with 35 years in real estate. “Having all parties to a transaction work from a common, comprehensive and technologically advanced platform will work to modernize and bring speed, efficiency and transparency to the process.”

“The real estate industry is rapidly changing, and the underlying technology platforms that once served our industry are too inefficient for the future,” says David Mussari, managing partner of Berkshire Hathaway HomeServices Professional Realty, based in Ohio, who will be piloting the platform. “The innovation that ShelterZoom has built using blockchain is going to vastly improve the way we all do business. We are excited to take part in their beta testing and do our small part in helping to move our industry forward.”

ShelterZoom will be releasing more information ahead of the formal release in early 2019. Interested parties can register here to receive updates and participate in pre-launch activities.

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