ShelterZoom, an Ethereum blockchain-based online offer and acceptance platform for the real estate industry, has gone live in the U.S., with global markets to go live in the first quarter of 2018. New York City-based Cyrus Charter, the first real estate listing customer, is in the…
ShelterZoom, an Ethereum blockchain-based online offer and acceptance platform for the real estate industry, has gone live in the U.S., with global markets to go live in the first quarter of 2018.
New York City-based Cyrus Charter, the first real estate listing customer, is in the midst of an initial test for the ShelterZoom platform that began in November. In addition, 10 customers have begun a beta test. The company also recently announced its first WordPress real estate theme affiliate, Estalik, and its first Australian company, Arena Property Agents.
ShelterZoom is designed to streamline the process of making and accepting real estate offers, reducing paperwork and improving transparency of buying and selling. The system has been built to the Real Estate Standards Organization standards.
The ShelterZoom online offer and acceptance platform includes a dashboard, the Offer NOW widget, and a mobile app which is available on Google Play and iTunes, enabling buyers and agents to instantly submit offers from online real estate listings with just a few clicks or taps.
The website is already accepting sign-ups for the Offer NOW widget, which can be integrated with any affiliate website featuring real estate listings with a few lines of code, at no cost to those who sign up before Jan. 31, 2018. All users can use the dashboards free of subscription charge.
ShelterZoom charges $8 for each offer submission following the free beta period ending Feb. 28, 2018.
“ShelterZoom is well positioned to bring the entire real estate industry onto it,” said Chao Cheng-Shorland, co-founder and director. The widgets can be adopted by any real estate website. Cheng-Shorland leads the multi-national team along with co-founder and director Amir Allen Alishahi.
“Standardized, interoperable, transparent, and secure offers are the future of the business,” Cheng-Shorland added.
Users can track, aggregate, accept, reject or counter offers in real time, while buyers and agents can track offer statuses on their ShelterZoom dashboards. All parties to a transaction can receive push or text notifications throughout the process and chat with one another immediately, according to established protocols via an interface.
“We will see rapid adoption of blockchain technology by marketplaces, organizations and entire industries,” said Sergey Fradkov, ShelterZoom technical advisor and a general partner of the startup accelerator iDealMachine. “Blockchain and related cryptocurrency implementations will enable new business models and streamline interactions between participants. They will also enable new participants to quickly establish themselves in the industry segments and create many new business opportunities.”
Canada, Australia, Europe, and countries in the Middle East are set to go live on the platform in the first quarter of 2018.
Preparations are currentlyunderwayy for ShelterZoom’s second platform, Rent NOW, a rental real estate platform. The Rent NOW beta is planned for March.
Rent NOW will share a similar architecture with Offer NOW, including a widget for any real estate rental website. The widget will enable a prospective tenant to submit a secure rental application on a property, generating an Ethereum smart contract. The online renting and leasing solution includes dashboards for landlords, agents and tenants, along with an online chat function.
Featured image from Shutterstock.
Last modified: January 24, 2020 11:20 PM UTC