The real estate sector faces significant challenges in ensuring the security and integrity of property transactions.
For instance, paper records can be easily forged, leading to fraudulent claims. Moreover, centralized databases are prime targets for hackers, risking significant data breaches, while manual processes slow down operations and increase errors.
In 2021 alone, the FBI reported over $350 million in losses due to real estate scams exploiting these vulnerabilities. A 2023 Identity Theft Resource Center study also showed that real estate companies are prime targets for data breaches—jeopardizing sensitive client information and financial assets.
Reimagining real estate transactions using enterprise blockchain
Tokenance, a blockchain and AI software developer, partnered with YurekAI, an AI-powered real estate platform, to deliver RE-TWIN on the Cardano blockchain. By creating comprehensive digital twins of real-world property, the platform offers easy access to architectural designs, floor plans, location details, property features, images, and historical records. RE-TWIN further simplifies the user experience by managing blockchain transaction fees and digital twin storage automatically—eliminating the need for cryptocurrency or wallets in platform interactions.
Future-proof infrastructure supports platform growth without sacrificing performance
Robust architecture protects sensitive data, minimizing the risk of breaches or fraud
Energy efficient network consensus aligns with sustainability initiatives
Demonstrated blockchain reliability ensures ongoing access to information
Streamlining property transactions with blockchain
Agencies, developers, investors, and enthusiasts can use tokenization to generate verifiable real estate objects.
Information transfer
Users upload property details to YurekAI using the RE-TWIN feature.
Property digitization
RE-TWIN generates a digital twin of the property following platform authorization.
Data encryption
The digital twin is encrypted and recorded on the Cardano blockchain.
Immutable record
Users receive the digital twin as a secure and immutable record of the property details.
Simplifying property transactions worldwide
"The integration of Tokenance and YurekAI technologies creates a new and comprehensive, 360-degree, real estate offering to the public, enhancing the industry’s digital landscape. The partnership with the Cardano Foundation is a no-brainer, thanks to the Cardano blockchain’s ease of use, compelling value for money, ability to scale, and lowest energy consumption intensity, which resonates with the values of our organizations. We are ready to take this proposition global, as users and real estate agencies based anywhere can now trade securely and transparently."
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