New York, New York, September 24, 2017 — On Tuesday, September 16, 2017 at the d10e Blockchain Investors Consortium and ICO Pitch Competition in Kiev, Ukraine, CPROP revealed their plan for disrupting the real estate industry by creating a platform that leverages both blockchain and non-blockchain technologies to deliver transactional efficiencies to the real estate sector, with an initial focus on the cross border residential market. The d10e is the leading conference on decentralization. CPROP was one of only 26 hand-picked teams of innovators throughout the world invited to present their upcoming ICO at the pitch competition that took place as part of the conference.
CPROP co-founder Sandy Selman shared with conference attendees where the idea for CPROP originated and how the business model was designed get to revenue quickly and scale, as well as emphasizing the experience of CPROP’s global team in innovation, entrepreneurship and real estate.
“We seek to leverage what already exists and integrate it in a commercially efficient fashion. Integration is way faster to market than invention,” Sandy remarked.
CPROP plans to integrate, rather than compete, with existing real estate portals around the world that already have web traffic and rich databases. “While many of these real estate portals have considerable strengths, one of their major weaknesses is that they don’t communicate with one another or make it particularly easy to transact internationally. CPROP plans to change this.” The company is currently in talks with some of the largest portals in China, Brazil and the US.
Other areas for integration will include:
Tokenization of Deeds and mortgages — There are other blockchain companies and banks already focused on developing a tokenization when it comes to deeds and mortgages. CPROP will offer this service too, but with the plan to position the company to integrate with other companies already doing this as and where it makes sense.
Service providers — CPROP will leverage its native token to incentivize platform users to rate service providers (e.g. attorneys, appraisers, title companies, etc.) so the platform is self-curating.
Ancillary Services — CPROP is forming alliances with other blockchain companies to provide ancillary services, such as crypto-backed mortgages and crypto payment gateways, which complement the overall platform.
CPROP’s co-founders (Sandy Selman, Luke Sestito, Adam Koehler) were interviewed by Cryptovest following their ICO pitch at the d10e in Kiev. This interview will be available on line in the coming week.
CPROP is conducting a limited token sale to early-stage contributors who share their vision and want to join the project. The company is positioning to hold its ICO during the first quarter of 2018 following launch of their MVP.