(BRK.A), (BRK.B)
Berkshire Hathaway HomeServices Professional Realty will beta test ShelterZoom, the first blockchain-based real estate purchase and rental deal platform.
“The real estate industry is rapidly changing and the underlying technology platforms that once served our industry are too inefficient for the future,” said David Mussari, Managing Partner at Berkshire Hathaway HomeServices Professional Realty. “The innovation that ShelterZoom has built using blockchain is going to vastly improve the way we all do business. We are excited to take part in their beta testing and do our small part in helping to move our industry forward.”
Set to go live in Q1 2019, the marketplace will incorporate a proprietary blockchain platform built for real estate transactions and services (title, mortgage, legal, home inspection, moving, etc.) as the first step in a planned rollout across other industries like financial services, import/export and supply chain.
ShelterZoom is creating the world’s first end-to-end, blockchain-powered ecosystem for all deals, participants and services in the global real estate industry. By addressing the end-to-end process and not just the offer and acceptance phase, it is expected to deliver a richer, more comprehensive user experience to all participants with the utmost convenience, trust, security, transparency, auditability and profitability.
“With this next-generation, blockchain-powered marketplace, we are taking the real estate industry into technology’s future,” said Chao Cheng-Shorland, ShelterZoom’s CEO and co-founder. “Our current platform is already helping agents, buyers, sellers and renters make the big leap to technology’s present, and we’re excited to initiate another industry sea change in early 2019.”
ShelterZoom’s new ecosystem will be a pioneering deal and service marketplace to allow instant dealmaking, interactive contract management, speedy closing and convenient service acquisition. The benefit to all participants in the marketplace – real estate professionals, consumers and service providers – will be the ability for any party to showcase, initiate, negotiate, consummate, search and refer deals, and acquire services at their fingertips.
© 2018 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.