CoadJute is a startup that has devised a solution to the housing market’s notoriously lengthy administrative processes. Coadjute, which was founded in the United Kingdom, has already undertaken trials with major banks such as NatWest and Barclays. Coadjute, a blockchain network, intends to remove the stress out of property transaction processes by combining several platforms and agencies into a single platform.
Coadjute can be used by real estate companies to reduce the time it takes to execute transactions. The HM Land Registry in the United Kingdom conducted a Digital Street research project in 2018 to assess the possibility of integrating blockchain technology in the housing market. The sale of a semi-detached house was the ideal real-world property transaction to test the prototype, and the Digital Street team was able to complete the sale in less than 10 minutes, instead of the 22 weeks it had taken previously.
HM Land Registry Deputy Director Eddie Davies spoke on the campaign and his comments on Coadjute: “HM Land Registry ran the Digital Street initiative in 2018 to encourage industry to work together to improve market efficiency. We’re excited to see Coadjute move forward with this project, and we’re excited to be partnering with them as they launch their Network.”
Here’s what Coadjute’s CEO had to say: “We’ve seen other industries create market-level networks, such as Tradelens supply-chain network, Marco Polo commerce-finance network, B3i insurance network, and the Contour digital trade network.” It’s now time to turn your attention to the real estate market.
Coadjute’s enterprise-grade distributed ledger technology now allows property market participants to cooperate and trade directly, giving a common source of truth while controlling data sharing with stringent privacy controls.rdquo; Dezrez, MRI VTUK, Reapit, AV Rillo, Osprey, and Redbrick are among the software businesses that have worked with Coadjute. Coadjute differs from other blockchain solutions in that it is a Software as a Service (SaaS) platform that connects to other real estate software platforms rather than acting as a consortium. This content is provided solely for informational reasons. It is not presented as legal, tax, investment, financial, or other advice, and it is not intended to be used as such.