EVERYTHING REAL ESTATE ...
offrs.com reviews, insights, statistics, best parctices and more for agents in the field.
RE HEADLINES:
SmartZip Launches a Chainlink Node, Bringing Home Value Market Data to Blockchains

SmartZip Launches a Chainlink Node, Bringing Home Value Market Data to Blockchains

We are pleased to announce that SmartZip has launched its own Chainlink node live in production.

We are pleased to announce that SmartZip has launched its own Chainlink node live in production. The SmartZip Chainlink node gives smart contract applications on-chain access to real estate automated valuation model (AVM)—an estimated market value for a house generated by a machine learning model. AVM produces an estimated value using mathematical modeling based on nearby transactions, surrounding location data, and historical property prices. It’s used by property owners and real estate agents to compare similar properties at a given time, leading to more accurate valuations. 

Smart contract developers can now call the SmartZip Chainlink node to get real-time, cryptographically signed AVM data, which can be leveraged within new types of decentralized applications built solely around real estate data. Some examples include: pricing tokenized real estate assets like NFTs and using them as DeFi collateral, settling prediction markets based on future home values, and creating new parametric insurance models to hedge against downtrends in home prices.

“We are very excited to be incorporating the Smartzip Chainlink node into our Deal Flow application to help real estate investors source off-market investment opportunities. Delivering accurate home values to investors is critical to our value proposition,” says Thomas Hall, chief architect for Deal Flow. 

As the most widely adopted and time-tested oracle solution, Chainlink provides a secure and fully functional framework for getting our existing APIs compatible with leading blockchain networks. By operating a Chainlink node, we now have a single gateway to supply our data to any current or future blockchain, as well as cryptographically sign our data on-chain to prove it originated from the SmartZip API. The node setup process was seamless and required minimal time and technical effort, all while exposing our data to an emerging sector of the real estate market. 

For more information on why we selected Chainlink, read our previous announcement to explore this topic in detail. If you are a developer and want to learn how to access our node, visit the Chainlink documentation: https://docs.chain.link/docs/smartzip-awm-oracle/

SmartZip’s proprietary predictive analytics model aggregates data from 24 sources and contains over 1 billion data points on residential and commercial real estate, including up-to-date homeowner information and regional real estate market dynamics, to bring invaluable data to real estate agents. SmartZip users can specify target markets and regions to identify properties likely to list, as well as leverage data and predictive analytics to determine fair market values.  

We’re excited to provide a unique data set to the Chainlink Network, giving DeFi, insurance, and other blockchain-based industries the ability to build new data-driven real-estate products using our premium AVM data feeds. We look forward to supplying smart contract developers with more real-estate data feeds in the future, empowering the creation of a fair, transparent, and efficient real estate economy. 

“We’re thrilled to launch our own Chainlink node in production, with the strong belief that our AVM data will directly support the provisioning of next generation real-estate applications and markets,” stated SmartZip GM Robert Reardon. “Through the Chainlink node, we’re able to quickly integrate with new and existing blockchain networks. This is key to both monetizing our data for popular blockchains like Ethereum while also having a future-proof solution that can easily adapt to any new blockchain that emerges.”

About Chainlink

Chainlink is the industry standard oracle network for powering hybrid smart contracts. Chainlink Decentralized Oracle Networks provide developers with the largest collection of high-quality data sources and secure off-chain computations to expand the capabilities of smart contracts on any blockchain. Managed by a global, decentralized community, Chainlink currently secures billions of dollars in value for smart contracts across decentralized finance (DeFi), insurance, gaming, and other major industries.

Chainlink is trusted by hundreds of organizations, from global enterprises to projects at the forefront of the blockchain economy, to deliver definitive truth via secure, reliable oracle networks. To learn more about Chainlink, visit chain.link, subscribe to the Chainlink newsletter, and follow @chainlink on Twitter. To understand the full vision of the Chainlink Network, read the Chainlink 2.0 whitepaper.

Solutions | Docs | Discord | Reddit | YouTube | Telegram | GitHub 

About SmartZip

Smartzip is the leader of predictive analytics in real estate. With Smartzip, developers can easily integrate the most comprehensive real estate database into their applications including property values, rental rates, likelihood of selling and much more.

For more information, visit: https://smartzip.com/

SmartZip is part of the Constellation Real Estate Group, a portfolio of vertical market software companies within Constellation Software, Inc. The Constellation Real Estate Group acquires and invests in technology companies in the real estate vertical that are committed to providing innovative, long-term solutions and partnerships to the customers they serve.

For more information, visit: https://constellationreg.com

 

What are your thoughts?

Tech Trends

SmartZip Brings Real Estate Data to the Blockchain with Chainlink

SmartZip Brings Real Estate Data to the Blockchain with Chainlink

SmartZip will launch a Chainlink node and offer predictive analytics data across decentralized blockchain networks, extending their datasets into emerging blockchain markets and provisioning new types of real estate products and markets.

HEY, CAN YOU DO US A SOLID...?

We understand it's a lot to ask, but we are doing our best to build peer readership.

So be sure to help us share our content with your peers, friends and clients. Thanks!


Unknown