Properbuz is a free global property marketplace and a social network for the real estate industry, which enables property buyers and renters to find ideal matches for their needs, and is already available in fifteen languages, and in more than 50 countries. Properbuz is one of several connected platforms centred around Bebuzee.
Properbuz aims to decentralize a $217 trillion global real estate market by developing a blockchain-based decentralized protocol which offers other possibilities, more privacy, a more reliable service, and increased security for the real estate industry.
The current real estate model is rather disorganized, wherein multiple entities maintain their own databases and data sharing can become very difficult due to the disparate nature of the systems. But as a blockchain can serve as a single shared ledger among interested parties, this can result in simplifying this model by reducing the complexity of managing the separate systems maintained by each entity.
The main problem real estate companies face today is that real estate transaction process can take a while before being completed. It still requires a lot of manual work and the operations lack transparency and take a lot of time and money on the interaction with intermediaries.
Properbuz blockchain technology will be able to simplify and facilitate the process. It will be the solution to problems relating to real estate such as security, transparency, time and contractual costs. Also it will transform real estate in the following five ways: Disintermediation, Fraud prevention, Money, Time saving, Peer to Peer.
Transacting real estate is cumbersome, opaque and expensive because of middlemen: Brokers, Government property databases, Title companies: Insurance and property databases, Escrow companies, Inspectors and appraisers, Notary publics etc.
Properbuz ecosystem will disintermediate many of them that means cutting out the middleman.