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News Link • Housing

Does the real estate data industry need to decentralize?

• by Brian Wang

However, one such industry that appears to be falling behind the age of the big data is the real estate space. Many argue that the availability of credible information within the industry is now a rather rare source, subsequently resulting in data providers hoarding the material they possess. Could decentralization be the solution?

The problem

The real estate industry has a significant relationship with data, especially when one considers the end-to-end transactional process. Whether it's a development company looking to explore the availability of land in a particular area, a real estate agent looking to explore market demand or a bank that facilitates a mortgage application – every outcome creates a new data-driven exercise. The big problem is that this data is not distributed across the wider-real estate industry, meaning that its only use if for those that are in receipt of it.

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