Coadjute, the blockchain network for the UK property market that aims to halve the time it takes to move home, has announced that conveyancing software firm Osprey Approach, property data provider company Search Acumen, and conveyancing firms AVRillo and PCS Legal are to join their digital network.
Coadjute’s blockchain platform is an open network which connects the businesses that take part in property transactions.
The announcement follows the confirmation last year that Coadjute would be partnering with five of the leading property platforms: dezrez, Reapit, MRI, Redbrick and VTUK. With the majority of UK estate agents and a growing number of conveyancers now set to be connected to the network, the company says the news is a key milestone in the digital transformation of the UK housing market and signals the start of faster property transactions for estate agents and conveyancers alike.
Dan Salmons, CEO at Coadjute said:
“By connecting their existing software and legal case management systems to other parties in the property market, Coadjute delivers real efficiencies to legal professionals who have better things to do. Our encrypted network enables them to securely share sensitive client data with ease, cutting time chasing for updates and making more time for legal review. We are proud to welcome AVRillo, Osprey Approach, PCS Legal and Search Acumen to the rapidly expanding Coadjute community”.
The announcement follows the news in November of a multi-million-pound funding round for Coadjute backed by Swiss Venture Capital firm, Blockchain Valley Ventures, and involving leading U.S. venture fund, Collab+Currency, growth fund focused on financials and tech, Odysseus Investments, global property fund, Ahimsa-Esya Capital, and David E. Rutter, founder of enterprise software firm, R3.
Comments (2)
The property industry needs this.
There have been several companies trying to bring all the parties together in a transaction, and all so far seem to be failing, like mio for example.
We need a provider who will work with us estate agents to forge links with all related parties in the transaction, so that everyone has a clear understanding of where we are all at in a particular moment of time. Where are we at with Searches, the Mortgage Offer, the Survey etc etc. Let’s get this data shared. Make it all as transparent as a pane of glass, for everyone’s benefit.
The fact that there are no comments here speaks volumes……..This is v1 of the future of all property transactions. Whilst to date the world has attached to the currency value of BC the real value lies in the contractual integrity it offers. This technology will eventually allow instant transactions, the only question is how long it will take.