Openview is the second estate agency software platform to go live on the network and give users access to Coadjutes blockchain property transaction offering.
The service was launched last year and claims to speed up the transaction process by converting funds into cryptocurrency as documents are being exchanged.
The cryptocurrency is a stablecoin, meaning it has the same value as the pound sterling and is not subject to fluctuation. It is also programmed to be used for a specified transaction and cannot be misused or reallocated.
The money is moved to verified deposit accounts before completion, and once the transaction has been finalised it converts back into pound sterling and is released, thus reducing the reliance on bank transfers.
People in the transaction will also be able to track progress using the Coadjute platform.
Peter Grant, chairman and chief executive of Openview, said the partnership will deliver “real efficiencies to busy estate agents”.
Grant added: “There will be huge benefits to Openview users from this partnership, which connects property professionals on a greater scale than ever before and streamlines the process of buying and selling homes more than ever.
“Coadjute, which aims to halve the time it takes to move home, is a game-changer for the industry and we’re delighted to be collaborating so closely with them.”
Grant said that by combining Coadjute’s network with Openview’s CRM, agencies could receive new capabilities.
He added: “With their new Coadjute integration, current and new users can now reduce their property deal completion times by up to half, helping to increase revenues.
“When connecting from Openview to other platforms using Coadjute, you can see what other parties are doing on the same transaction in real-time – making it easier than ever to collaborate and get the transaction done.”
Coadjute has announced its intention to launch a mortgage stablecoin in partnership with global financial blockchain provider R3, which could enable the full digital completion of property sales.
The company also recently raised £6m to raise its service out across the UK’s property market.
