Key Takeaways:
- Coadjute, a London based startup, is revolutionising property transactions in the UK.
- Using blockchain technology, Coadjute aims to reduce costs and speed up the process of property transactions.
- Backed by global VC investors, the network is set to roll out across the UK market.
The world of property transactions can be a time-consuming and costly one, filled with paperwork, intermediaries, and slow procedures. Blockchain technology, with its potential for increased security, transparency and efficiency, can be a potential game-changer and revolutionise the real estate industry. One startup aiming to use this technology to its advantage is UK-based Coadjute.
Based in London, Coadjute is a property technology business that has created an open blockchain network to connect the parties involved in property transactions. Their goal is to cut the cost and increase the speed of property deals across the UK.
The key differential offered by Coadjute lies in its innovative application of blockchain technology to the property market. With the distributed ledger technology offered by blockchain, Coadjute’s platform can reduce the number of intermediaries involved in a transaction, which cuts costs and increases the speed of property transactions. It essentially disrupts the traditional property transaction process and offers a modern approach to buying and selling properties.
Moreover, Coadjute’s network is not restricted to any single platform. It is an open system that is interoperable with any system used by the stakeholders in the property market. This is a major differentiating factor that enhances its accessibility and ease of adoption.
It’s clear that the potential of blockchain technology within the property industry is vast, and Coadjute is on the cutting edge of this transformation. Its innovative network has the potential to encourage the arrival of a new era of decreased cost and increased speed in the property market, not just in the UK, but potentially worldwide.
As the network continues to roll out across the UK, the future looks promising for Coadjute. To stay updated with their progress and developments, you can visit their website here, follow them on Twitter here, like their Facebook page here, or connect with them on LinkedIn here.
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