Within the past 25 years, property portals (of publicly traded and private companies) have grown to become a $100+ billion global market.1 While it has provided customers with a convenient method of searching for residential, commercial and industrial properties for sale or for rent, the industry is heavily centralized, a small handful of companies in each country yield great power and influence.
REM Loyalty and OpenBrix collaborate to create a rewarding, customer-first experience for real estate stakeholders
According to Grand View Research, the global real estate market is expected to generate a revenue of USD 4,263.7 billion by 2025.2 Even though it is one of largest commercial and household expenditures, this category remains to be one of the least rewarded. OpenBrix’s plans further its market share in this industry while enhancing the customer experience through blockchain technology (as the first decentralized digital property portal in Europe, Middle East, Africa and Asia) makes it a great addition to REM Loyalty’s partner ecosystem.
“With a decentralized and distributed property portal, OpenBrix empowers people through blockchain technology,” says Shahad Choudhury, Founder & CEO, OpenBrix. “Our portal allows stakeholders (such as property owners and managers; homebuyers; landlords and renters) to openly connect, communicate and transact on a transparent, secured and frictionless network, as well as enhances the user experience by removing the complexities related to traditional property-related transactions.”
Our partnership with OpenBrix is founded upon our mutual commitment to customer-first business strategy supported by technology,” comments Zdravko Loborec, Founder, REM Loyalty. “Together, we can further disrupt the real estate industry with an unprecedented loyalty rewards program to its stakeholders while providing our ecosystem’s partners (like RentalMiles and Okeydokey) with access to markets in EMEA and Asia.”
“Real estate is a people-centric business,” states Jason Duncan, North America CEO, RentalMiles. “Partners like OpenBrix provide the local knowledge of the regions in which our customers are interested in making an investment so that we can better advise them in cross-border transactions.”
About REM Loyalty
Powered by Stellar, REM Loyalty is a blockchain-based rewards ecosystem linking businesses with customers through the REM token and App wallet. Combined with a robust partner ecosystem of major brands across the consumer sector, we help customers unlock greater value from their loyalty points while allowing businesses improve their loyalty management strategy.
REM Loyalty has a trust score of A from Coinschedule and is ranked as one of top 10 listed ICOs through a rigorous verification process by one of the most credible ICO listings. Join our conversation on Telegram for more information on our loyalty token offering (LTO) launching on August 1, 2018.
OpenBrix is the first blockchain powered decentralised property portal in Europe, Middle East, Africa (EMEA) and Asia, that will be fully open and inclusive to everyone.
By creating a decentralised network there will be no single owner who controls the money, data or rules of the network. Everything will be community-run and done for the benefit of the community. It will be the true democratisation of the property rental and sales market.
Headquartered in Toronto, RentalMiles is a client-focused and technology enabled global residential property management company. Through our loyalty reward program and ecosystem; a competitive pricing model of services managed by dedicated licensed property managers; and an operating model that is run on 100% digital platform, our vision is to disrupt and aggregate the largest rental market by making homes more rewarding for both homeowners and renters. For more information, please visit www.rentalmiles.com
Helm, Alistair. How vulnerable is the $100+BN property portal industry worldwide? www.properazzi.co.nz (March 20, 2018)
Grandview Research. Real estate market size worth $4,263.7 billion by 2025. https://www.grandviewresearch.com/press-release/global-real-estate-market (March 2018)