- APPRAISAL
- VERIFICATION
- SECURITY
- IMMUTABILITY
- BANKING
Conceptualisation, design and construction of a blockchain application aimed at providing banks with assurance of the veracity of the appraisal reports submitted by their customers.
+6,000 valuations
10 Banks
+50% Reduction in verification costs
Inefficiency in the current process
According to the current model, the appraiser is responsible for valuing homes, premises, garages, etc. on request by the person who contracts the services of the appraiser. These customers will then go to the banks to apply for credit. The banks will direct the appraisal verification to the appraiser. This leads to duplication and inefficiencies in the process.
Digitisation and autonomy
Digitisation and optimisation of the validation process to avoid overlaps with each of the banks requesting the appraisal verification process.
New Blockchain platform
End-to-end project on blockchain technology for the automation of proposal appraisal verifications. The cryptographic identifier of the appraisal is recorded using this platform. Through the development of a specific website for the project, the banks perform the appraisal directly, without being in direct contact with the appraisal company.
Security and Time Reduction
This system provides reliability and security in the verification of property appraisals, and reduces verification process times by more than 50%.
