10 Sep The (Block) Party Continues at nobul!
This past month, nobul has been celebrating one milestone after another. By now, you have surely heard about all of our new platform features. Well, we’ve got another one to share!
Nobul has now simplified transacting online with the introduction of blockchain capabilities to our version 2.0 platform. That’s right: in order to help manage the tangled web of forms and contracts associated with most buying or selling opportunities, we’ve streamlined the whole tedious process, making it easier for you to exchange your personal information with your agent and real estate representatives. And it doesn’t stop there! Over the coming months, Nobul plans to implement and support, on its blockchain, the standard-form real estate contracts that are used to execute real estate transactions across all 50 states and 10 provinces in the U.S. and Canada.
Nobul’s growth continues to soar! Be sure to catch the wave and visit nobul.com to experience everything (new) we have to offer.
Read the details in our latest press release below:
TORONTO, Sept. 6, 2018 /CNW/ – Nobul Corporation (“Nobul”), a real estate technology platform that connects consumers with the right agent for them, is excited to announce that it has integrated blockchain technologies with its online open digital marketplace. A recently added blockchain component of Nobul’s platform architecture has made tracking and managing contracts more transparent and auditable across the real estate transaction process which is a traditionally opaque business.
To help manage the tangled web of contracts involved in the home buying and selling process today, Nobul has built and deployed a permission-based enterprise blockchain platform on IBM’s Hyperledger. This enterprise blockchain will not only provide a distributable record of what was agreed to between consumers and their agents, but also eventually all of the accompanying agreements that are typically established with third-party providers including lenders and insurance companies, and possibly even title companies, lawyers, and appraisers. With these additional contracts on the blockchain, Nobul expects to dramatically streamline and simplify the current end-to-end real estate transaction process.
Further, as Nobul continues to develop its technology and blockchain capabilities, it also plans to incorporate event-based smart contracts—technology which will be used to automate a significant portion of what is currently done through secondary agreements, schedules, conditions, waivers, and associate manual processes. This is expected to significantly reduce disputes and expedite the closing process, bringing a greater degree of stability and peace-of-mind to both consumers and real estate related professionals alike.
“At Nobul, we plan to make the entire real estate journey for home buyers, sellers, and their agents as simple and easy as possible, and we believe that blockchain is part of the solution,” says Nobul Chairman and CEO, Regan McGee. “Blockchain will not only help users through the arduous contract process, but will also give them a sense of comfort knowing that their contracts are safe and secure, and most importantly a sense of trust that Nobul’s platform will provide a level of transparency and audibility that is missing in the industry today.”
About Nobul Corporation
Nobul Corporation, Brokerage is a disruptive real estate marketplace that makes the process of buying and selling a home more transparent, personal, and simple. Nobul’s service platforms—both web and mobile applications—enable consumers to search for and hire the real estate agent whose combined services options, pricing, and reputation best suits their needs.