Preview the Future of PropTech

March 11, 2016

The future of PropTech, will actually be the part of the future of FinTech. A number of high level technologies, have swiftly come about that will cause this transition in these opposing but similar technology industries.

Currently data and contracts are separate. Perhaps your property software merges data into pre-made templates, for example to produce a tenancy agreement, this is not what I mean.

Imagine a digital agreement that is not only binding like the real-life counterpart, but it is also its own enforcer of those terms.

For example a pre-sales agreement made between the Vendor and a Purchaser of a property. Within this agreement, it states both parties to pay a deposit to an Estate Agent, and on completion of the sale, the deposits returned.

Currently this type of agreement requires a manual enforcer and trust in the Estate Agent’s processes.

This will change with Blockchain technology, a decentralized verifiable ledger that can handle things like currencies, assets and rules. A good example is Ethereum, a basic blockchain level coding tool, that allows programmable contracts. Allowing logic and rules to tie into real-life finances and investments, in a reliable and trust-less manner.

Now back to the example, how does a contract become self enforceable.

If we built this sales contract on a blockchain, we could store value in the Cloud. Effectively connecting say a payment API to receive the funds and a payment API to pay out the deposits. We could then link the contract to the Land Registry API, as the trusted source of the approval, which could trigger the rule to pay back the deposits.

We could go further and add time limit clauses, that if a sale is not completed by such a date, then both deposits pay out to a certain party automatically.

Understanding this, you may see that the future of PropTech will be also the future of FinTech, as we merge Assets, Money into programmable agreements.

Do you agree?

What else do you think the future of PropTech will hold?

You May Also Enjoy

Breaking News

Propertymark Annual Sales Price Report 2025

With housing being a fundamental need and playing a vital role in the UK economy, a strong housing market is a vital factor, this report examines the strength of the housing market and looks at average prices year on year. Headline figures The entire of 2024 vs 2025 The number of properties placed for sale…
Read More →
Breaking News

Lloyds reveals its 2025 housing hot spots

Plymouth property prices up +12.6% over the past year   Hull joins the top 10, up +6.5%, and fresh from being named a 2026 ‘Best of the World’ destination by National Geographic   Value of a London home dipped slightly (-0.1%) but remain the most expensive overall, averaging £574,514   Amanda Bryden, Head of Mortgages…
Read More →
Breaking News

2025: A landmark year for UK renters and homebuyers – what consumers need to know

From major rental reforms to new powers tackling unsafe or empty buildings, 2025 has become one of the most transformative years for housing across the UK. Whether renting, buying, or managing a property, millions of people will feel the effects of the changes rolling out nation by nation. Propertymark has broken down what these changes…
Read More →
Estate Agent Talk

Are ‘for sale’ boards becoming obsolete?

Earlier this year, Westminster Council announced that it would apply to ban estate agents from displaying sales boards outside residential properties in the local area; now, Epping Forest Council is the latest to follow suit. With this in mind, Jack Malnick, Property Expert and Managing Director at Sell House Fast has shared his thoughts on…
Read More →
Christmas Decorations - Good or Bad for Selling
Breaking News

A More Affordable Christmas for Homebuyers

The latest research from award-winning mortgage adviser, Alexander Hall, has revealed that – despite the government failing to leave any affordability-focused initiatives under the tree in the recent Autumn Budget – this Christmas is shaping up to be a far more positive one for the nation’s homebuyers, as borrowers entering the market today are benefitting…
Read More →
buying at auction uk
Breaking News

Most active property markets in 2025 revealed

Scotland and Yorkshire home to UK’s most active property markets in 2025 The latest research from The Property DriveBuy reveals that Scotland and Yorkshire have been home to the UK’s most active housing markets in 2025, with Birmingham, Somerset, Cornwall and Buckinghamshire also ranking within the top 10. The Property DriveBuy has analysed the latest…
Read More →