[AppraiserChat.com] Real Estate leaders, PropTx, Teranet and AMP Systems LLC partner with blockchain experts, VisionMAX and their US subsidiary Blocksyte, to transform the process of buying and selling Real Estate across Canada.

Mon Apr 3 20:26:08 UTC 2023

Sounds like the escrow system a Realtor friend used in California years
back. Realtors would close deals in escrow?
Might be more to it than meets the eye tho.
denis

On Mon, Apr 3, 2023 at 11:54 AM Michael A. Roman <maroman at ihac.com> wrote:

> Hi ,
>
> Real Estate leaders, PropTx, Teranet and AMP Systems LLC partner with
> blockchain experts, VisionMAX and their US subsidiary Blocksyte, to
> transform the process of buying and selling Real Estate across Canada.
>
> https://www.globenewswire.com/news-release/2023/01/19/2591792/0/en/Real-Estate-leaders-PropTx-Teranet-and-AMP-Systems-LLC-partner-with-blockchain-experts-VisionMAX-and-their-US-subsidiary-Blocksyte-to-transform-the-process-of-buying-and-selling-Re.html
>
> January 19, 2023 08:30 ET | Source: Teranet Inc.
> <https://www.globenewswire.com/en/search/organization/Teranet%2520Inc§>
> ------------------------------
> TORONTO, ON, Jan. 19, 2023 (GLOBE NEWSWIRE) -- In January of 2023, MLP LP,
> a joint venture between PropTx, Teranet & AMP will be partnering with
> VisionMAX and Blocksyte, global leaders in enterprise business technology
> solutions, to introduce an industry-changing digital Real Estate
> transaction of real property through a tokenized blockchain solution for
> Real Estate Boards across Canada.
> This innovative blockchain solution will be integrated into the new
> multiple listing platform, REALM™, which is currently utilized by the
> Toronto Regional Real Estate Board (TRREB) and their members, with plans to
> expand to other Real Estate Boards. Located in the province of Ontario,
> TRREB is Canada's largest Real Estate Board, established in 1920 with the
> goal of providing leading-edge service and support to its 70,000-plus
> Members and Partner Board Members.
> Designed with Members’ needs at the forefront, this blockchain solution
> will enable a more trusted, streamlined, and automated process for managing
> Real Estate transactions.  "This is another innovation that will propel our
> industry forward,” says TRREB CEO, John DiMichele.  “We are leading the way
> with a vision for a future-facing system that will ensure security,
> efficiency, and transparency.  This is the first step in facilitating a
> seamless and less complex Real Estate transaction process."
> “As pioneers in the digitization of statutory and commercial real property
> solutions, we are incredibly excited to be part of this next advancement in
> the Real Estate space,” says Teranet President and CEO, Elgin Farewell.
> “Teranet’s deep expertise of modernizing workflows in order to create value
> for our customers will help enable our collective goals of continuing to
> foster and deliver innovative solutions to the Real Estate community.”
> The adoption of smart contracts will facilitate the automation of
> processes and workflows, creating a trusted environment for consumers and
> Real Estate Stakeholders, while maintaining confidential information truly
> confidential. Leveraging the secure, immutable qualities of blockchain
> technology, where unauthorized access to or alteration of data is near
> impossible, will elevate our current technology to improve both the
> Members’ efficiency, accuracy and performance.
> Standardization through smart contracts and rules-based workflows will
> elevate our current technology to improve the Members’ efficiency, accuracy
> and performance, all while instilling greater trust in the homeownership
> process.  “The key purpose of the blockchain solution is to promote trust
> in these large financial purchases - most people’s largest single lifetime
> purchase,” explains, AMP Systems LLC President and CEO Carlos Grass.
> “Securing the deal transaction electronically with a standardized approach
> and a Know Your Customer KYC identification component ensures that each
> step of the deal process is captured digitally and authenticated by
> validated participants.”
> “Working with the largest and fastest growing Real Estate Board in the
> world, the pioneers of electronic land registry solutions and the leader in
> multiple listing platform technology, is a truly monumental moment,” says
> VisionMAX President David McDougall. “Our deep expertise in omni-channel
> technology solutions and blockchain will accelerate these collective
> organizations’ goals for a more connected, reliable, and seamless Real
> Estate workflow.”
>
> -30-
>
> *About MLP LP *Together with Teranet, AMP Systems LLC and PropTx
> Innovations Inc., MLP LP was created to deliver an innovative and modern
> multiple listing platform that will unite Real Estate Professionals across
> Canada.  This state-of-the-art configurable back-end platform facilitates a
> national, authoritative listing database, unified rules and fair display
> concepts, technology enhancements, reciprocity and a mechanism for greater
> innovation. Our vision includes a blockchain-enabled platform that elevates
> the value of Real Estate Sales Professionals in the eyes of the consumer.
> By providing singular access to highly sought features, unparalleled tools
> and capabilities, with powerful insights we enable Real Estate Sales
> Professionals to deliver exemplary service to their clients and customers
> throughout the Real Estate transaction process.
> Paul McGowan, General Manager, REALM™ 416.346.2309, hello at realmmlp.ca
> <https://www.globenewswire.com/Tracker?data=FyT7X8Aq5BUJ_M8qyCtTSp2QQOoh8msVKIbYm5hxOt1Qgvk8R-_I9QwRrdeGp3TmpXlwxJcb7XLXy42OLmnnMQ==>
>
>
>
>
> *About VisionMAX *Michael Roman
>
>
>
>
>
>
> *-- Michael A. Roman, CRA,P.App,FRI,PLE,CRF, Senior Appraiser INHOUSE
> APPRAISAL CORPORATION Real Estate Appraisal & Consultants 33 Ivan Road,
> Toronto, Ontario, Canada M1C 1V1 Phone: 416-282-4111 E-mail: *
> maroman at ihac.com
> *Web Site:   *IHAC.com <http://ihac.com>*   or   *INHOUSEappraisal.com
>
>
> *Copyright (c) 2023 Michael A. Roman - ALL RIGHTS RESERVED
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