PropXchain transforms property transactions through blockchain technology, creating a secure, transparent ecosystem that benefits all stakeholders.
Our blockchain-based property transaction system addresses key inefficiencies in the current process while working within existing legal frameworks.
Comprehensive property information is created, verified, and stored on the blockchain before marketing, front-loading due diligence.
Transaction steps are automated through smart contracts, eliminating delays and reducing manual processes.
Artificial intelligence helps verify legal documentation, ensuring compliance and reducing manual review time.
Secure API connections with mortgage technology providers enable verification of financing conditions.
Real-time visibility for all parties through an intuitive interface showing seller and buyer requirements.
Immutable property history record that simplifies future transactions and increases buyer confidence.
Our streamlined process transforms property transactions through parallel processing and blockchain verification.
Developer registers the property on PropXchain, creating a unique digital identifier linked to the blockchain.
Comprehensive property information is uploaded, verified, and stored on the blockchain before marketing.
Buyer identity and financing are verified through secure processes and API integrations.
When all conditions are met, smart contracts automatically advance the transaction to completion and inform Land Registry through API of the new ownership.
An immutable record of the transaction is created, forming the property's blockchain history.
See how PropXchain's blockchain-based system compares to traditional property transaction processes.
| Conventional Process | PropXchain System | Improvement |
|---|---|---|
| 12-16 weeks average transaction time | 3-4 weeks average transaction time | 70-75% reduction |
| Sequential process with handoffs | Parallel processing of requirements | More efficient workflow |
| Manual verification delays | Automated verification | Near-instant verification |
| Paper-based communications | Digital dashboard communications | Real-time updates |
| Conventional Process | PropXchain System | Improvement |
|---|---|---|
| £3,825 average transaction cost | £1,975 average transaction cost | 48% reduction |
| Duplicate searches for each potential buyer | One-time search package | Eliminates wasted expenditure |
| Full legal review for standard elements | AI-assisted legal review | Reduced professional fees |
| Multiple stakeholder coordination costs | Automated coordination | Lower administrative costs |
| Conventional Process | PropXchain System | Improvement |
|---|---|---|
| Opaque progress status | Real-time dashboard visibility | Clear transaction monitoring |
| Limited visibility between parties | Shared information platform | All parties see the same status |
| Difficult to track responsibility for delays | Clear task ownership | Accountability for all steps |
| No permanent record of transaction history | Immutable blockchain record | Complete audit trail |
| Conventional Process | PropXchain System | Improvement |
|---|---|---|
| Physical document vulnerability | Encrypted digital documents | Reduced risk of loss or tampering |
| Manual identity verification | Digital identity verification | More robust against fraud |
| Siloed information systems | Distributed verification | Multiple validation points |
| Limited transaction history access | Comprehensive property passport | Complete historical view |
PropXchain follows a phased implementation strategy, starting with new build properties before expanding to the resale market.
Partner with one forward-thinking developer in North Wales to implement basic blockchain verification.
Introduce smart contract elements for specific transaction steps and expand to multiple development sites.
Expand to multiple developers across Wales with complete smart contract automation and Land Registry API integration that automatically updates ownership records.
Expand to major national developers and develop pathways for resale property inclusion.
New build properties provide the ideal starting point for implementing the blockchain property transaction system for several compelling reasons.
Uniform property information across development sites with standardized warranties and building specifications.
Single entity (developer) controls the seller side with in-house legal teams that can help shape system requirements.
No historical title complications or chain dependencies, providing a clean starting point for property documentation.
First-time buyers more receptive to innovative processes with higher transaction volume providing faster feedback cycle.
Join the property transaction revolution and gain a competitive advantage with PropXchain's blockchain-based solution.
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