Coadjute CEO Dan Salmons has provided the worldwide audience of the Financial Times with a fascinating insight into how Coadjute is transforming the process of purchasing a home.
Under the headline, ‘Could blockchain speed up home buying?’ Dan outlined how Coadjute is leading the way to render buying and selling a house both easier and quicker through blockchain technology.
In the interview for the FT Money section with Consumer Editor Claer Barrett, Dan explained the positive impact that Coadjute is having on the property market through private blockchain.
Dan told the FT ‘how the ability for different professionals to use blockchain securely to share centralised documents, such as identity checks, title deeds and local searches would “synchronise what is a highly fragmented process” and speed up transaction times’.
Claer reported how the ability to collect and share data up front could help minimise disputes and delays caused by rows over what fixtures and fittings are included with the property.
She reported how Coadjute is taking part in a pilot scheme to improve this process with the Home Buying and Selling Group, a Government initiative to bring the industry together to improve the consumer experience.
“A lot of these industry problems are fundamentally issues of not having secure access to data,” Dan said.
As well as the news story, Coadjute also appeared in Claer’s weekly column in the FT Money supplement.
‘The Aga’s not included’: tales from an overheated property market – featured stories from people whose efforts to buy property sudden hit obstacles in the shape of requests for payment for fixtures and fittings.
Coadjute was highlighted for using blockchain technology, enabling information to be shared between the relevant parties in real time.
‘That way,’ Claer said, ‘heated disputes over what’s included would take place between the seller and their own estate agent before homes go on the market, rather than causing buyers to get hot under the collar afterwards.'