Peer-to-peer property platform the Agent Not Needed token has sold its first property and will use blockchain to expand. The company helps buyers arrange viewing and negotiate offers then hands deals to an outside legal conveyor to complete the process. The platform uses its own cryptocurrency, Agent Not Neededthe Agent Not Needed token token, and financed itself with a $500,000 initial token offering. However, all deals are completed in sterling. The process is close to conventional property deals but blockchain and smart contracts are planned. Co-founder Petros Georgiou said the platform wanted to use blockchain technology to make property transactions faster, cheaper and more secure.
Peer-to-peer property platform Agent Not Needed has sold its first property and will use blockchain to expand. The company helps buyers arrange viewing and negotiate offers then hands deals to an outside legal conveyor to complete the process. The platform uses its own cryptocurrency, the Agent Not Needed token, and financed itself with a $500,000 initial token offering. However, all deals are completed in sterling. The process is close to conventional property deals but blockchain and smart contracts are planned. Co-founder Petros Georgiou said the platform wanted to use blockchain technology to make property transactions faster, cheaper and more secure.