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ReBloc Completes Major Step in the Launching Process of Their Real Estate Marketplace

Wednesday, 03 October 2018 10:15 AM

NEW YORK, NY / ACCESSWIRE / October 3, 2018 / ReBloc, the blockchain-based validated real estate data marketplace, has announced the first major step in their process towards platform launch. The company has completed its proof of concept (POC) validation, as well as its interface with the Enigma testnet and trusted environment. The validation brings the company one step closer to the full open beta launch, planned for March, 2019.

ReBloc, Wednesday, October 3, 2018, Press release picture

The ReBloc platform is designed to allow for smooth and simple interactions around real estate data without the need for a middle men to control it. The industry is in desperate need of a way to provide access to validated data in a secure system. The platform provides users with remarkable data integrity, substantially more market-driven pricing, and wider data coverage within the necessary marketplaces. At the same time, ReBloc allows enterprises with large quantities of data to outsource their data monetization strategy, something that's been virtually impossible to achieve prior to ReBloc.

The company has already seen substantial interest in its proven concept and has garnered early attention from a number of key enterprise partners. These include some of the largest banks, insurance companies, assessment jurisdictions, and MLSs in the world, who are now looking forward to participate as data sellers and validators on the ReBloc platform.

ReBloc uses a data validation layer which provides a means for buyers to purchase data from any platform participant. The data is independently validated by other holders of verifiable data. These holders include institutions like banks, insurance companies, title companies, and others that have recent, accurate data. The validation layer is supported by a solution co-developed with Enigma in where any data request is routed through a secret smart contract which evaluates data inputs from numerous sources and validates the data before completing a transaction. If found to be inaccurate, the data transaction is not validated, and the provider's stake is lost.

By providing a systematic methodology for data verification, buyers of any size are able to have access to thoroughly vetted market data, without the inconvenience of finding such data on their own. What's more, the platform will provide this data in a cost-effective way by incentivizing data holders to provide accurate data. Finally, this whole process will streamline data acquisition and move the industry forward through decentralization.

According to President Jordan Ross, "The ReBloc marketplace allows real estate participants to access data in a better, cheaper, and faster way than the current method of subscribing to one or many data sources does. In the current method, participants need to invest a lot of time and and effort to research, find relevant data and then finally determine data accuracy which is currently often impossible."

The company plans to launch a closed alpha testnet in November with the currently approved partners as validators, and then a private beta testnet with permissioned validators in January of 2019. Those interested in learning more can find extensive information on their website and in their Light Paper.

Contact:

Dan Edelstein
[email protected]
+972-545-464-238

SOURCE: ReBloc

Topic:
Company Update
Product Announcements
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