Canadian government chooses Mavennet to develop on-chain steel tracking platform

Mavennet, a Toronto-based blockchain startup has announced that it has received a contract from the Canadian government to develop an on-chain steel tracking platform.

In November, the Innovation, Science and Economic Development of Canada (ISED) published a procurement award that will fund the R&D project for six months with CD $169,427 (£98,300). As per the contract, Mavennet will be aiming to build a blockchain proof-of-concept prototype that will be able to track...

BrickMark makes token-based high profile commercial property purchase in Zurich

BrickMark has signed a purchase agreement for a high-profile prime commercial property in one of the world’s most expensive and exclusive shopping street in Zurich.

The Zug-based next-generation real estate investment and management firm made the purchase on Bahnhofstrasse by using tokens that were worth over CHF 130 million (£103m).

Stephan Rind, founder and CEO of BrickMark, said: “We are breaking new ground for the real estate industry. There has never been a...

NatWest and Coadjute form blockchain consortium to streamline home buying in UK

NatWest, alongside Coadjute, is forming a new distributed ledger technology consortium with the aim of streamlining the process of home buying in the UK.

As first reported by Forbes, through this consortium the home buying process could aim to be cut down to three weeks from several months. Some of the other software providers which are also part of the consortium are Redbrick Solutions Conveyancing Software, Search Acumen Property Data, Dezrez Estate Agency Software, Conveyancing...

Inter-American Development Bank to use blockchain for land administration in South America

Washington-based Inter-American Development Bank (IDB) has collaborated with blockchain platform ChromaWay on an initiative focused around land administration and registry.

The project, titled “Distributed Ledger Technology (Blockchain): The Future of Land Titling and Registry”, is a two-year initiative that will be carried out in Bolivia, Peru, and Paraguay and will launch in November 2019.

The blockchain project will be closely aligned with the IDB Lab – an...

Kahuna Group: Transforming the tenant-landlord relationship – block by block

Blockchain is a fascinating proposition in real estate – and it is certainly an area where startups are looking to make their mark. Just last month, as reported by CoinDesk, the US National Association of Realtors (NAR) made a significant investment in Propy, a startup which enables users to transact real estate with deals recorded on a blockchain.

The opportunities are significant, including better transparency on transactions – a vital use case for any blockchain,...

UK gov makes ground on Digital Street blockchain land registry plans

If you’ve ever been through the process of buying a house, you’ll be well acquainted with just how convoluted and inefficient the whole affair is. It stands out as particularly archaic in an increasingly on-demand digital economy, where goods and services can be traded more or less seamlessly. It’s timely then, that the UK government’s HM Landing Registry is moving forward with research into how the property buy-sell process can be overhauled with the use of new technologies,...

Malta looks to blockchain for public transport with new partnership

The Mediterranean island of Malta appears to be one step ahead of many other countries in the race to implement blockchain technologies – and another project has been launched with regard to the country’s public transport infrastructure. Ian Borg, Maltese minister for transport, infrastructure and capital projects, announced a partnership with blockchain middleware platform provider Omnitude to ‘deliver huge real world benefits through the implementation of blockchain technology’, in...

World’s first real estate purchase on Ethereum blockchain completed

Propy - real estate - blockchain - kiev

The world’s first successful real estate purchase on the Ethereum blockchain network has been announced by Propy. The decentralised title registry facilitated the remote purchase of an apartment in Kiev by TechCrunch founder Michael Arrington. The apartment was bought for $60,000 and was settled via smart contracts using the Ethereum PRO cryptocurrency. The purchase not only marked the first time a real asset transfer has been completed using blockchain, but was also the inaugural...

IBM to further explore blockchain for supply chain in Singapore

IBM’s Singapore arm, alongside Pacific International Lines and PSA International, have signed a memorandum of understanding (MOU) to explore and trial proof of concept blockchain-based supply chain business network innovations. The MOU was signed by Lisa Teo, Executive Director (Corporate Development) of PIL; Oh Bee Lock, Head of Group Technology, PSA; and Janet Ang, VP Industry Solutions & Smarter Cities of IBM Asia Pacific. All the parties will jointly work to research...

First P2P real estate exchange platform launched by Propy

Real estate transaction

Propy has announced its intentions to disrupt the $340 billion cross-border real estate, by moving its property store and title registry onto blockchain. Built on Ethereum, the platform will use smart contracts to track and execute real-estate transactions as well as list property on a decentralised title registry. The Propy Registry will use the PRO utility token to allow for a self-sustaining, international real estate ecosystem. Solving inefficiencies for investors The real estate...