Connect with us

Bitcoin News

Noteblock partners with Blockchain Foundry to develop tokenized real estate platform

Published

on

Blockchain Foundry (BCF), a blockchain development firm, today announced it has entered into the first phase of a blockchain development and marketing agreement with Noteblock, a blockchain-based tokenized real estate lending firm based in Detroit, Michigan.

Valued at CAD $170,000, the agreement is for BCF to assist Noteblock with development, solution design, technical expertise, marketing and public relations for its project.

According to the Urban Institute, $1.75 trillion in new mortgages were originated in the United States in 2017.

Noteblock is a blockchain powered platform that is set to disrupt this market by giving users the ability to originate, service and trade real estate backed loans by leveraging a secure, streamlined, user-friendly peer-to-peer marketplace. Noteblock offers investors and borrowers the benefits of lower costs and extreme liquidity by cutting out costly third-party intermediaries.

“Noteblock chose Blockchain Foundry for lead development because they are highly experienced and some of the smartest people in the industry. We are excited to partner on this project and look forward to continuing our work together.”

Justin Fata, Director of Business Development of Noteblock

“Noteblock presents a solution to today’s tedious mortgage process and we are thrilled that they have chosen our firm to deliver the blockchain components of their project.”

Marc Nicholson, Chief Sales Officer of BCF

Like what you read? Give us one like or share it to your friends
original post…

Continue Reading
Advertisement
Advertisement

Recent Posts

Copyright © 2021 TheCryptoReport.com