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Reapit joins blockchain consortium

Reapit is joining the UK-based IPN Consortium and integrating its platform with other consortium members via the Coadjute Blockchain Network.

Sheila Manchester

Link to Reapit news

Reapit is joining the UK-based IPN Consortium and integrating its platform with other consortium members via the Coadjute Blockchain Network.

The Consortium announced in December 2019 its aims to provide a seamless digital homebuying and mortgage journey to customers by integrating leading platforms across each stage of the home buying process. The consortium encompasses platforms to access 3000 estate agents, 1000 conveyancers, 80% of property surveyors and 11% of total mortgages market; Reapit extends the adoption of the network to over 40% of UK Estate Agents.

COMMITMENT

Link to Proptech newsGary Barker, CEO, Reapit said, “We are committed to providing market-leading property software that helps agents grow their businesses across sales, lettings, and property management. We focus on assisting agents in getting the most out of their investments, accelerate sales progression, and dramatically improve productivity across their business. Joining the IPN Consortium and integrating our platform with the Coadjute network will enable our agents to connect, interact and collaborate with the other businesses involved in their customer homebuying and selling journey, openly and transparently.”

COLLABORATION

Reapit is in good company, with members from every stage of the homebuying process, including Dezrez Estate Agency Software, Redbrick Solutions Conveyancing Software, eTech Surveyor Software, Search Acumen Property Data, Conveyancing Data Services Property Data, LMS Panel Management Software and NatWest Bank.

John Reynolds, CEO and Founder of Coadjute, said, “I am delighted to welcome Reapit to the consortium, only through industry collaboration can we give consumers the seamless digital home buying and mortgage experience they desire. The reality is that consumers don’t want estate agent services, broker services, lending services, legal services – they want to purchase a new home.”

The consortium is now preparing for a live pilot which will bring a beta version of the service launch by the end of 2020.

January 20, 2020

One comment

  1. I say this advisedly, Gary Barker CEO of Reapit is a very clever man and keeps pushing those boundaries, and forming associations to keep his company moving forward. It will be interesting to see how the whole tech in the property sector pans out.

    Certainly at present is a darling concern, with its overarching blockchain strategy to increase transparency and speed within all things property, real estate and built.

    I feel Coadjute and indeed Reapit, as many solvers of problems do, find and affect inefficiencies in the present dis-jointed system and remove barriers.

    Coadjute’s head John Reynolds, (founder) is also looking at the solutions in the construction industry a topic that I follow closely, looking to minimise the cost base due to duplication and weaknesses in the system.

    So the alignment of a number of companies including Gary Barker’s Reapit to the Coadjute cause will see a power shift regarding the direction of travel in the proptech sector. Not unlike the perhaps the Beta-max/Video war that was fought some decades ago.

    Certainly there is a need for a ‘simpler’ unified system – eyes down let us see how it all turns out. As those Millennial’s (some now turning 400) and Gen-Z are pushing, pushing for an easier ride on the property merry-go-round.

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