As we reach ever closer to the launch of the imbrex Alpha, we’ve been enthused by the great interest shown by the real estate industry and the influx of curious professionals in our Telegram and social channels. One interesting point of discussion that has arisen has been the relationship between imbrex and the legacy real estate world, and the utility it provides real estate agents in particular.

We’re building imbrex as a platform to empower real estate agents, as well as the rest of the real estate industry, with blockchain technology, decentralized data, and tokenization.

Here how it works:

Built on the Ethereum Blockchain, using the Interplanetary File System (IPFS) to store data, and fueled by a token economy, imbrex will create the world’s most advanced global real estate data marketplace.

Think of it as every real estate data portal on the planet, built collaboratively on behalf of the users propagating the data.

On the imbrex Platform, users control their own data, enjoy low fees, connect with a global audience and make use of new monetization tools in a disintermediated environment, engineered to work for the people participating in it.

As the imbrex roadmap progresses along with the continuing development of the greater Ethereum ecosystem, here’s how we see imbrex evolving and providing utility for real estate agents and professionals:

1. Portal

Users market their property in a global ecosystem. Without losing control of their data to third-party portal providers, the community will gain access to accurate, verified, up-to-date data, and a range of monetization tools for contributors. Listing data spam will be flagged by users, who will be rewarded with IMBREX tokens, as they increase data accuracy and relevance for the ecosystem. This functionality will be a feature of the imbrex Alpha.

2. Universal Property Identifiers

Underpinning the first phase of development is the introduction of a universal property identifier. These identifiers will play a pivotal role in transitioning the ecosystem from transferring digital assets (cryptocurrencies) to physical assets like real estate via smart contracts.

3. Data Marketplace

Next, entrepreneurially minded real estate professionals will begin to offer additional real estate data sets, information, and reports. There’s property, tax, construction, neighborhood and on and on. Locally sourced, market validated and transparently connected to an immutable history, valuable data of every kind will be monetized on imbrex by whomever has access to the data.

4. Deal Space

When ready to close a deal, users will be able to spin up a personal deal space, where they can privately, and in real time, share the documents and data required to get it done. No more email, no misunderstandings. A shared, secure, peer-to-peer real estate data escrow commons, designed for frictionless closing.

5. Financial Transactions

With the intelligence and trust generated by this depth and breadth of experience with secure, worldwide access to, and the routine exchange of, real estate data, with regulator input and the development of standards, as well the streamlining of interagency communication: financial escrow and payment will become possible.

Imbrex is building an ecosystem for the global real estate community, where the economies of scale typically associated with centralized business models will be universally accessible. The imbrex platform is intended to be a foundational utility for real estate professionals, from market research to closing.

The roadmap for delivering these functionalities begins with the imbrex Partner Alpha, which will take imbrex’s marketplace for real estate data live, to be rigorously tested while in use by some of the most prestigious real estate firms in New York City, Philadelphia, and Washington DC.

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