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

Breaking Property News 16/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   The Housing Market Does Not Need Saving: It Needs De-Risking   Thought leadership by Olivier Jauniaux, Founder of NestLink   “Everything starts with a good home,” Andy Burnham told a hall full of highly hopeful supporters at the People’s History Museum in Manchester in June 2026, in the…
Read More →
Breaking News

Why the postcode can make a big difference to your rebuild costs

93% of UK properties are insured for the wrong amount, according to research by RebuildCostASSESSMENT.com. The regional breakdown behind this figure shows why location still matters when calculating rebuild values. National figures demonstrate the scale of the issue and regional data helps show where inaccurate sums insured are more common. “Two similar properties in different…
Read More →
Rightmove logo
Breaking News

New record rents as rental supply falls for first time since 2022

The average advertised rent of homes outside London has risen by 1.9% this quarter to a new record of £1,397 per calendar month, the first quarterly rent record since Q3 2025: The average advertised rents outside London is now 2.3% higher than a year ago, an increase from 1.6% last quarter London also reaches a…
Read More →
Breaking News

Our predictions for the property market in the second half of 2026

Allison Thompson, Chief Lettings Officer, Leaders part of LRG. There is a lot going on right now that’s impacting the property market, both in terms of direct legislation and the wider economy: Global conflicts affecting consumer confidence and interest rates Ongoing cost of living issues challenging affordability for homeowners and renters The recent introduction of…
Read More →
Breaking News

Breaking Property News 14/7/26

Daily bite-sized proptech and property news in partnership with Proptech-X.   REVIEW: The Future of Real Estate Education: From Pedagogy to Technology Author Mr. Hugh Kelly, Ph.D., CRE Emeritus   Edited by Karen M. McGrath, Elaine M. Worzala, and Pernille H. Christensen. (Routledge, New York and London, 2026). 330 pp. ISBN 9781032625041. Paperback $70.99; hardcover $170.00; ebook…
Read More →
Breaking News

Why 2026 is redefining responsibility in the private rented sector

The landlord rulebook has changed  Insurance experts warn that understanding where landlord obligations end and tenant responsibilities begin has never been more important, following the biggest legislative shake-up of the rental market in a generation. The implementation of the Renters’ Rights Act on 1st May 2026 has transformed the relationship between landlords and tenants, introducing…
Read More →