Digitizing Land Titles and all Real Estate Titles into Blockchain
Today, buyers and sellers of Canadian properties, researchers and the government regulatory bodies involved in the transacting of ownership to these properties, struggle with outdated, complex, inefficient and time-consuming processes for land title transacting and recordation.
Before a transaction can take place, land titles must be searched, researched and validated by multiple parties, involving multiple sources of information, due to the inherent risk of inaccurate records resulting from either accidental or fraudulent modifications. Governments struggle to keep up with accurate recording of obscure land title ownership structures.
Our solution based on secure blockchain technology, focuses on the entire lifecycle of a land title, providing a one-stop shop for all users of Canadian land titles wishing to contribute to and access a trusted registry of land titles including ownership, transaction history and encumbrances. We have partnered with local land registry, assessment and regulatory offices to ease and accelerate the entire process for users, regardless of where they are in the world. Smart contracts simplify complex transactions with multiple global participants, solving the regulatory challenges governments face understanding these ownership structures.
Through a simple interface, users gain access to a comprehensive, searchable and trusted database that can be filtered by sale-status and valuation. Because property markets evolve quickly, users are provided with real-time information of market trends to capitalize on market opportunities faster.
Technology today evolves almost as quickly as the market. Our team is organized dynamically in a way that enables us to identify future customer needs early and move fast to find innovative ways to address these. For example, we provide users a complete understanding of a land parcel’s value through a simple single source. Users can view a virtual map of a complete land parcel, superimposed with title information, which is accomplished through integration with geospatial augmented reality systems.