Today, the property buying process can be slow, complex and costly for both customers and the businesses that serve them. This is not caused by the companies themselves, but by the lack of connectivity between them.
Our blockchain platform is an open network which connects the businesses that take part in property transactions. It enables the people involved in the property process to share messages and documents; and, synchronise events and alerts rapidly and securely with other parties on the network. Property businesses can use their existing systems and processes whilst experiencing a real digital property transaction, helping them to reduce costs, improve business resilience, increase revenues and transforming the customer experience.
The Coadjute Platform has been developed over the last 18 months in trials with over 40 market leaders in the UK and internationally. We are due to launch in the UK at the end of 2020.
THE COADJUTE DIFFERENCE
The Coadjute platform is an open network that will enable the businesses in the property industry to exchange data quickly, accurately and securely with each other and their customer. Coadjute’s open network sits behind the front-end systems that businesses use, connecting them up rather than replacing them. So Coadjute is not disrupting the property industry, we are connecting it.
Coadjute has two unique benefits:
- Property businesses do not need to replace their front-end systems to connect digitally. The leading software platforms currently used in the property market are integrating to Coadjute’s open network, so businesses can connect to each other and share data and documents through the software they already use today.
- Property businesses do not need to entrust their data to a central hub. Coadjute uses Distributed Ledger Technology, a form of blockchain, to securely pass data from business to business without ever centralising it. Property businesses continue to hold their data in their own secure environments, and the Coadjute Platform moves it across the network when required. We don’t store it, and in fact, can’t even see it.
The Coadjute Platform is built on the next generation of technology.
Blockchain - We use a highly secure form known as Distributed Ledger Technology (DLT), and specifically R3 Corda Enterprise Blockchain, the preferred choice of DLT for global banks including NatWest, BBVA, HSBC and ING. This enables the Coadjute Platform to provide unparalleled security, privacy and scalability.
API connectivity - The Coadjute API provides access to Coadjute Core functionality, accessible via our developer portal.
Interoperability - The Coadjute Platform provides resilience and interoperability with other platforms and systems.
Scalability - The Coadjute Platform operates in the cloud providing huge scalability and flexibility to support fluctuations in volume.
SaaS - Coadjute is delivered as a service with no hardware investments or installations and continuous additional functionality.
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