Blockchain, the technology behind bitcoin and other cryptocurrencies, is supposed to revolutionize real estate. With blockchain’s distributed, decentralized ledger to record financial transactions, you can facilitate fractional property ownership, make offers online and quickly transfer property ownership.
Imbrex introduced the first decentralized real estate marketplace syndicating worldwide via the Ethereum blockchain, an open source environment that stores data in a cryptographically validated and secured immutable ledger.
Imbrex founder Stephen King said,
“We’re building a new data dissemination and storage protocol for the real estate industry.” “
Utilizing blockchain technology, we have created open communication channels between the world’s real estate networks in a secure environment that is entirely owned and controlled by its valued participants.”
It was only recently that Imbrex changed its name from RexMLS and is launching almost a year after its initial coin offering, which helped raise money for the platform. The startup is using the Ethereum-based tokens it released during that ICO as a system within its platform, rewarding agents who post listings with Imbrex coins, but its main innovations are in real estate data.
Imbrex is proud to include more than 2,200 nationwide listings from Toll Brothers, an award-winning Fortune 500 company and FORTUNE Magazine’s World’s Most Admired Companies – #1 Homebuilder four years in a row: 2015, 2016, 2017 and 2018. Toll Brothers builds the widest variety of homes in the industry: Move-up; Empty Nester; Active Adult; Second Home; Urban-Infill; Urban Redevelopment; Golf Course & Country Club; High-Rise; Suburban High Density; Urban & Suburban Rental.
While agents could theoretically only list their properties on Imbrex, for the moment, Imbrex can’t provide quite as much exposure as Zillow.
But Imbrex is offering another way for agents to reach clients and for firms to keep track of and transfer their real estate data.
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